Wallace Michael Wayne 4
Research Summary
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EagleRock Land (EROK) Director Michael Wallace Buys 250,000 Shares
What Happened
- Director Michael Wallace purchased 250,000 Class A shares of EagleRock Land, LLC at $18.50 per share on May 15, 2026, for a total of $4,625,000. The filing reports this purchase as part of the issuer's initial public offering that closed May 15, 2026.
Key Details
- Transaction date and price: May 15, 2026 — 250,000 shares at $18.50 each.
- Total value: $4,625,000.
- Ownership after transaction: Not specified in the Form 4 filing.
- Footnotes: F1 states the shares were purchased in the Issuer’s IPO that closed May 15, 2026. F2 explains the 250,000 shares are held by Wallace Family Partnership, LP; Michael Wallace is a limited partner and may be deemed to have voting/investment control over those shares but disclaims beneficial ownership beyond his pecuniary interest.
- Timeliness: Reported on Form 4 filed May 19, 2026; this meets the two-business-day filing requirement for a May 15 transaction (timely).
Context
- This was a purchase in the company’s IPO rather than a secondary market buy; the shares are Class A LLC interests. The filing indicates attribution via a family partnership, so beneficial ownership is reported through that entity rather than solely in the individual’s name.