Nelson James Carl 4
4 · EagleRock Land, LLC · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
EagleRock Land (EROK) Director Nelson James Carl Buys 100,000 Shares
What Happened
- Nelson James Carl, a director of EagleRock Land, LLC (EROK), acquired a total of 100,000 Class A shares on May 15, 2026. The purchases were two entries of 50,000 shares each at $18.50 per share, for a combined cost of $1,850,000. These shares were purchased in the issuer’s initial public offering (IPO), so these were purchases (a net buy signal rather than a sale).
Key Details
- Transaction date: May 15, 2026; Filing date: May 19, 2026 (filed within the SEC’s two-business-day window).
- Price and amounts: 2 purchases of 50,000 shares @ $18.50 each; total 100,000 shares; total value $1,850,000.
- Shares owned after transaction: Not stated in the provided filing excerpt.
- Footnotes of note:
- F1: These are Class A shares representing LLC interests purchased in the issuer’s IPO (closed May 15, 2026).
- F2 & F3: The filing includes 50,000 shares held by JMP Partners, Ltd. and 50,000 shares held by Longspar Capital, Inc.; due to familial/trust and ownership structures, Mr. Nelson may be deemed to have voting and investment control over those holdings, though he disclaims beneficial ownership beyond any pecuniary interest.
- No 10b5-1 plan, option exercises, gifts, or tax-withholding items were reported in the excerpt.
Context
- These were direct purchases in the company’s IPO rather than secondary-market trades. Insider purchases in an IPO can indicate participation/support for the offering, but filings are factual and do not prove motivation. The filing appears timely per SEC rules.
Insider Transaction Report
Form 4
Nelson James Carl
Director
Transactions
- Purchase
Class A shares
[F1][F2]2026-05-15$18.50/sh+50,000$925,000→ 50,000 total(indirect: See Footnote) - Purchase
Class A shares
[F1][F3]2026-05-15$18.50/sh+50,000$925,000→ 50,000 total(indirect: See Footnote)
Footnotes (3)
- [F1]Represents Class A shares representing limited liability company interests (the "Class A shares") of EagleRock Land, LLC (the "Issuer"), purchased by the Reporting Person in the Issuer's initial public offering, which closed on May 15, 2026.
- [F2]Includes 50,000 Class A shares which are held by JMP Partners, Ltd. ("JMP Partners"). The Nelson Management Trust is the limited and general partner of JMP Partners. The Reporting Person and his wife are each settlors of The Nelson Management Trust. As a result of the foregoing, the Reporting Person may exercise voting and investment control over the Class A shares held by JMP Partners, and may be deemed to be the beneficial owner thereof. The Reporting Person disclaims beneficial ownership of the Class A shares in excess of his pecuniary interest therein, if any.
- [F3]Includes 50,000 Class A shares which are held by Longspar Capital, Inc. ("Longspar Capital"). Longspar Capital is a wholly owned subsidiary of Warren Equipment Company. Longspar Partners, Ltd. owns 95% of the common stock of Warren Equipment Company. The Nelson 2008 Descendants Trust owns 98% of the limited partner interests in Longspar Partners, Ltd. The Reporting Person is the trustee and beneficiary of The Nelson 2008 Descendants Trust. As a result of the foregoing, the Reporting Person may exercise voting and investment control over the Class A shares held by Longspar Capital, and may be deemed to be the beneficial owner thereof. The Reporting Person disclaims beneficial ownership of the Class A shares in excess of his pecuniary interest therein, if any.
Signature
/s/ Robert W. Hunt Jr., Attorney-In-Fact|2026-05-19