Nelson James Carl 4

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.