IPO grants and preferred redemption reshape WhiteHawk (WHK) CEO’s equity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WhiteHawk Minerals Corp. insider reporting shows CEO, President & Chairman Daniel C. Herz and affiliated entity WhiteHawk Minerals LLC involved in IPO-related equity changes. On June 10, 2026, Herz disposed of 2,000 shares of Series D Preferred Stock back to the issuer, leaving no Series D holdings. The redemption consideration included the stated value of $1,000 per share plus $112,438.36 of accrued dividends and additional amounts to reach a defined minimum return.
On June 8, 2026, WhiteHawk Minerals LLC was granted 3,750,000 shares of Class B common stock, 358,893 shares of Class A common stock and 3,750,000 Common Units of WhiteHawk Income Operating Partnership L.P., all at no stated purchase price, in a reorganization. Each Common Unit is redeemable or exchangeable into one share of Class A common stock, with a corresponding number of Class B shares cancelled for no consideration, and has no expiration date.
Herz also received a direct grant of 185,729 shares of Class A common stock. He serves as sole managing member of the entities that manage WhiteHawk Minerals LLC and exercises sole voting and investment power over the LLC’s Class A and Class B shares, but disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Herz Daniel C, WhiteHawk Minerals LLC
Role
CEO, President & Chairman | null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Series D Preferred Stock | 2,000 | $0.00 | -- |
| Grant/Award | Common Units | 3,750,000 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 185,729 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 358,893 | $0.00 | -- |
| Grant/Award | Class B Common Stock | 3,750,000 | $0.00 | -- |
| Grant/Award | Series D Preferred Stock | 2,000 | $0.00 | -- |
Holdings After Transaction:
Series D Preferred Stock — 0 shares (Direct, null);
Common Units — 3,750,000 shares (Indirect, By WhiteHawk Minerals LLC);
Class A Common Stock — 185,729 shares (Direct, null);
Class A Common Stock — 358,893 shares (Indirect, By WhiteHawk Minerals LLC);
Class B Common Stock — 3,750,000 shares (Indirect, By WhiteHawk Minerals LLC)
Footnotes (1)
- This transaction occurred prior to the Issuer's registration of a class of equity securities under Section 12 of the Securities Exchange Act of 1934, as amended, in connection with the Issuer's initial public offering, and is reported herein pursuant to Rule 16a-2(a). Represents an acquisition of Series D Preferred Stock from the Issuer for $1,000 per share. Represents an acquisition of shares of Class A Common Stock, Class B Common Stock and common units of WhiteHawk Income Operating Partnership L.P. ("Common Units") pursuant to a reorganization of the Issuer. Mr. Herz serves as the sole Managing Member of WhiteHawk Energy LLC, which in turn serves as the sole Managing Member of WhiteHawk Minerals LLC. In such capacity, Mr. Herz exercises sole voting and investment power over the shares of Class A common stock and Class B common stock held by WhiteHawk Minerals LLC and may therefore be deemed to beneficially own such shares. Mr. Herz disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. The Series D Preferred Stock was redeemed by the Issuer in connection with the consummation of its initial public offering, for an amount consisting of (i) the stated value of $1,000 per share and (ii) $112,438.36 of accrued dividends and additional amounts necessary such that the holder received the Minimum Return (as defined in the Certificate of Designations of the Series D Preferred Stock). Each Common Unit may be redeemed or exchanged for one share of Class A Common Stock, and a corresponding number of Class B Common Stock will be cancelled for no consideration. The Common Units have no expiration date.
Key Figures
Series D Preferred disposed: 2,000 shares
Series D stated value: $1,000 per share
Accrued dividends and amounts: $112,438.36
+4 more
7 metrics
Series D Preferred disposed
2,000 shares
Disposition to issuer on June 10, 2026
Series D stated value
$1,000 per share
Acquisition and redemption terms for preferred stock
Accrued dividends and amounts
$112,438.36
Paid on Series D Preferred at IPO redemption
Class B shares granted (LLC)
3,750,000 shares
Indirectly held by WhiteHawk Minerals LLC after June 8, 2026
Class A shares granted (LLC)
358,893 shares
Indirectly held by WhiteHawk Minerals LLC after reorganization
Class A shares granted (direct)
185,729 shares
Directly held by Daniel C. Herz after June 8, 2026
Common Units granted
3,750,000 units
Indirectly held via WhiteHawk Minerals LLC; exchangeable 1:1 into Class A
Key Terms
Series D Preferred Stock, Common Units, Rule 16a-2(a), Certificate of Designations, +1 more
5 terms
Series D Preferred Stock financial
"Represents an acquisition of Series D Preferred Stock from the Issuer for $1,000 per share."
Series D preferred stock is a specific class of preferred shares typically issued in a later-stage financing round that gives holders special rights such as priority for payout before common shareholders, fixed or cumulative dividends, and often the option to convert into common shares. Investors care because these shares affect who gets paid first in a sale or liquidation, influence ownership and voting power, and change how future fundraising or an exit will impact an investor’s return—like a VIP ticket that can sometimes be exchanged for a regular ticket if that proves more valuable.
Common Units financial
"shares of Class A Common Stock, Class B Common Stock and common units of WhiteHawk Income Operating Partnership L.P. ("Common Units")"
Common units are the basic ownership stakes in a company, limited partnership, or trust that function like common stock: they give holders a claim on profits and often voting rights. Think of them as the ordinary seats at a table—the most directly affected by the business’s success or failure, so they typically offer higher upside but carry greater risk than preferred claims or creditors, which matters to investors evaluating potential return and safety.
Rule 16a-2(a) regulatory
"reported herein pursuant to Rule 16a-2(a)."
Certificate of Designations regulatory
"Minimum Return (as defined in the Certificate of Designations of the Series D Preferred Stock)."
A certificate of designations is a formal legal document that spells out the specific rights and rules attached to a particular class of stock, most often preferred shares. It tells investors who gets paid first, what dividends or conversion rights exist, and any voting or liquidation priorities—like an instruction sheet that decides which shareholders get preference if a company pays out or is sold. Those terms directly affect a security’s value and risk.
Minimum Return financial
"additional amounts necessary such that the holder received the Minimum Return"
FAQ
What insider transactions did WhiteHawk Minerals (WHK) report in this Form 4?
The filing reports IPO-related equity changes, including a redemption of 2,000 shares of Series D Preferred Stock and multiple grants of Class A and Class B common stock and Common Units to Daniel C. Herz and WhiteHawk Minerals LLC.
What happened to the Series D Preferred Stock reported for WhiteHawk (WHK)?
Daniel C. Herz originally acquired 2,000 shares of Series D Preferred Stock at $1,000 per share. In connection with WhiteHawk’s initial public offering, the issuer redeemed these shares for stated value plus $112,438.36 of accrued dividends and additional amounts to achieve the Minimum Return.
What did Daniel C. Herz receive directly in WhiteHawk (WHK) Class A common stock?
Daniel C. Herz received a direct grant of 185,729 shares of Class A common stock on June 8, 2026. This grant was recorded as a grant or award acquisition with no transaction price per share reported in the Form 4 data.
How is Daniel C. Herz linked to WhiteHawk Minerals LLC in this Form 4?
Daniel C. Herz is the sole managing member of WhiteHawk Energy LLC, which is the sole managing member of WhiteHawk Minerals LLC. He exercises sole voting and investment power over the LLC’s Class A and Class B shares but disclaims beneficial ownership beyond his pecuniary interest.