WhiteHawk director reports grants and redemption
WhiteHawk Minerals Corp. director Jeffery Allen Smith reported pre-IPO preferred activity and new common stock awards.
Rhea-AI Filing Summary
WhiteHawk Minerals Corp. director Jeffery Allen Smith reported pre-IPO preferred activity and new common stock awards. Entity BCA-WHE LLC, where Smith serves as CEO, acquired 350 shares of Series D Preferred Stock at $1,000 per share on March 2, 2026, then had those 350 preferred shares redeemed by the company in connection with its initial public offering for their $1,000 stated value plus $19,676.71 of accrued dividends and additional amounts to deliver a defined Minimum Return. BCA-WHE LLC also received 33,212 Class A common shares in a corporate reorganization. Separately, Smith received a direct award of 9,524 restricted stock units, each representing one Class A share, vesting on June 10, 2027, leaving him with 9,524 Class A shares reported as directly owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Smith Jeffery Allen
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 9,524 | $0.00 | $0.00 |
| Disposition | Series D Preferred Stock | 350 | $0.00 | $0.00 |
| Grant/Award | Class A Common Stock | 33,212 | $0.00 | $0.00 |
| Grant/Award | Series D Preferred Stock | 350 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 33,212 shares (Indirect, By BCA-WHE LLC);
Class A Common Stock — 9,524 shares (Direct);
Series D Preferred Stock — 0 shares (Indirect, By BCA-WHE LLC)
Footnotes (6)
- F1. 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).
- F2. Represents an acquisition of Series D Preferred Stock from the Issuer for $1,000 per share.
- F3. Represents securities held by BCA-WHE LLC ("BCA-WHE"). The Reporting Person serves as the Chief Executive Officer of BCA-WHE. In such capacity, Mr. Smith has been delegated voting and dispositive power over the shares held by BCA-WHE. Mr. Smith disclaims beneficial ownership of the shares held by BCA-WHE except to the extent of his pecuniary interest therein.
- F4. Represents an acquisition of shares of Class A Common Stock pursuant to a reorganization of the Issuer.
- F5. Represents an award of restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of Class A Common Stock. The RSUs vest on June 10, 2027.
- F6. 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) $19,676.71 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).
Key Figures
Series D Preferred acquired: 350 shares
Series D acquisition price: $1,000 per share
Accrued dividends on redemption: $19,676.71
+3 more
6 metrics
Series D Preferred acquired
350 shares
Acquisition by BCA-WHE LLC on March 2, 2026 at $1,000 per share
Series D acquisition price
$1,000 per share
Stated in footnote as purchase price for Series D Preferred Stock
Accrued dividends on redemption
$19,676.71
Accrued dividends and additional amounts paid on Series D redemption
Class A shares via reorganization
33,212 shares
Class A Common Stock received by BCA-WHE LLC in issuer reorganization
RSU award to Smith
9,524 units
Restricted stock units, each for one Class A share, vesting June 10, 2027
Direct Class A holdings
9,524 shares
Total Class A Common Stock directly owned by Smith after RSU grant
Key Terms
Series D Preferred Stock, restricted stock units, initial public offering, Minimum Return, +2 more
6 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.
restricted stock units financial
"Represents an award of restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of Class A Common Stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
initial public offering financial
"in connection with the Issuer's initial public offering, and is reported herein pursuant to Rule 16a-2(a)."
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
Minimum Return financial
"additional amounts necessary such that the holder received the Minimum Return (as defined in the Certificate of Designations of the Series D Preferred Stock)."
Certificate of Designations financial
"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.
Rule 16a-2(a) regulatory
"and is reported herein pursuant to Rule 16a-2(a)."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did WhiteHawk Minerals (WHK) report for Jeffery Allen Smith?
WhiteHawk Minerals reported that an entity led by director Jeffery Allen Smith acquired and then redeemed 350 Series D preferred shares, received 33,212 Class A shares in a reorganization, and Smith received 9,524 restricted stock units vesting in 2027 as direct equity compensation.
What Class A Common Stock did BCA-WHE LLC receive in WhiteHawk Minerals (WHK)?
BCA-WHE LLC, an entity where Jeffery Allen Smith is CEO, received 33,212 shares of Class A Common Stock in a reorganization of WhiteHawk Minerals. Smith has voting and dispositive power over BCA-WHE’s holdings but disclaims beneficial ownership beyond his pecuniary interest.
What equity award did director Jeffery Allen Smith receive from WhiteHawk Minerals (WHK)?
Jeffery Allen Smith received an award of 9,524 restricted stock units, each representing one share of Class A Common Stock. These RSUs vest on June 10, 2027, and are reported as a direct acquisition, leaving Smith with 9,524 directly owned Class A shares after the grant.
How was the Series D Preferred Stock redemption structured at WhiteHawk Minerals (WHK)?
The Series D Preferred Stock was redeemed in connection with WhiteHawk Minerals’ initial public offering. Holders received the $1,000 per share stated value plus $19,676.71 of accrued dividends and extra amounts so the total matched the Minimum Return defined in the Certificate of Designations.
Are the BCA-WHE LLC holdings considered personally owned by Jeffery Allen Smith at WHK?
The filing states securities are held by BCA-WHE LLC, where Jeffery Allen Smith has voting and dispositive power as CEO. He disclaims beneficial ownership of those shares except to the extent of his pecuniary interest, distinguishing entity holdings from his direct personal ownership.
AI-generated analysis. How Rhea-AI works. Not financial advice.
