WhiteHawk Minerals officer reports grants, redemption
WhiteHawk Minerals Corp. officer Matthew Ian Heinlein reported compensation-related share movements around the company’s initial public offering.
Rhea-AI Filing Summary
WhiteHawk Minerals Corp. officer Matthew Ian Heinlein reported compensation-related share movements around the company’s initial public offering. On March 2, he acquired 100 shares of Series D Preferred Stock from the company at $1,000 per share. On June 8, he received 5,584 shares of Class A Common Stock through a corporate reorganization, leaving him with that same number of common shares directly owned. On June 10, the company redeemed his 100 Series D Preferred shares in connection with the IPO for their stated value plus $5,621.92 in accrued dividends and additional amounts required to deliver the contractual Minimum Return.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Series D Preferred Stock | 100 | $0.00 | $0.00 |
| Grant/Award | Class A Common Stock | 5,584 | $0.00 | $0.00 |
| Grant/Award | Series D Preferred Stock | 100 | $0.00 | $0.00 |
Footnotes (4)
- 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 an acquisition of shares of Class A Common Stock pursuant to a reorganization of the Issuer.
- F4. 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) $5,621.92 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
Key Terms
Series D Preferred Stock financial
Class A Common Stock financial
initial public offering financial
Certificate of Designations regulatory
Minimum Return financial
Section 12 of the Securities Exchange Act of 1934 regulatory
FAQ
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What insider transactions did WhiteHawk Minerals (WHK) report for Matthew Heinlein?
What happened to Matthew Heinlein’s Series D Preferred Stock in WhiteHawk Minerals (WHK)?
How did Matthew Heinlein acquire Class A Common Stock of WhiteHawk Minerals (WHK)?
Was the WhiteHawk Minerals (WHK) insider activity an open-market trade?
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