COOPERMAN LEON G 4

What Happened

• Leon G. Cooperman (reported as a 10% owner) recorded two dispositions on 2026-06-10: redemption of 14,000 and 6,000 shares of Series D Preferred Stock (transaction code J — "other acquisition or disposition"). These were not open‑market sales but redemptions by the issuer in connection with WhiteHawk’s initial public offering.
• The filing lists no per‑share trade price (N/A). Footnotes disclose the redemption consideration: the 14,000 shares were redeemed for $1,000 stated value per share plus $787,068.49 of accrued dividends/amounts (total ≈ $14,787,068.49); the 6,000 shares were redeemed for $1,000 stated value per share plus $337,315.07 of accrued dividends/amounts (total ≈ $6,337,315.07). Combined proceeds ≈ $21,124,383.56.

Key Details

• Transaction date: 2026-06-10; Form 4 filed: 2026-06-12 (filed within the typical 2‑business‑day window).
• Shares redeemed: 14,000 and 6,000 Series D Preferred (total 20,000). Reported per‑share price: N/A (redemption paid as stated value + accrued dividends).
• Redemption proceeds (per footnotes): ≈ $14,787,068.49 (14,000 shares) and ≈ $6,337,315.07 (6,000 shares); aggregate ≈ $21,124,383.56.
• Holdings after transaction: these Series D Preferred shares were redeemed by the issuer (i.e., removed). The report includes disclaimers that holdings were in accounts of Omega Capital Partners, L.P. and The Leon and Toby Cooperman Foundation; Cooperman disclaims beneficial ownership except to the extent of his pecuniary interest.
• Footnotes: F1 and F3 explain the redemption amounts and the “Minimum Return” payment; F2 and F4 note the securities were held in entities over which Cooperman has investment discretion and disclaim full beneficial ownership.
• Transaction code: J (other acquisition/disposition) — here used to report issuer redemption rather than a market sale.

Context

• This was a contractual redemption tied to WhiteHawk’s IPO, not an open‑market sell by the insider; proceeds reflect the stated value of the preferred stock plus accrued dividends and required top‑up to the stated “Minimum Return.”
• As a reported 10% owner, Cooperman’s report includes holdings held via investment entities and a foundation; such filings can reflect institutional or structured positions rather than direct personal trading.