Forman Adam S 4

What Happened
Adam S. Forman, Chief Legal Officer and Secretary of SOLV Energy, reported a disposition by way of redemption of 18,148 MH Units on 2026-06-01. The units were redeemed for cash at a net price of $36.00 per unit, resulting in proceeds of $653,328. This was not an open‑market sale by Forman but a non‑discretionary, pro rata redemption tied to a follow‑on offering.

Key Details

• Transaction date: 2026-06-01; Form 4 filed: 2026-06-03 (timely filing).
• Type/code: Disposition to issuer (D) — derivative redemption of MH Units.
• Units redeemed: 18,148 MH Units at $36.00 per unit; total = $653,328.
• Resulting actions: Corresponding Opco LLC Interests and an equal number of Class B common shares held by MH were surrendered/cancelled per the agreements.
• Footnotes: Redemption was automatic, required and pro rata under the MH LPA and Opco LLCA in connection with the issuer’s follow‑on offering (see F1–F4).
• Shares owned after transaction: Not specified in the provided filing excerpt.

Context
This was a contractual redemption tied to a public follow‑on offering (affiliates of American Securities LLC and the Issuer); it reflects the mechanics of the partnership and company agreements (conversion/cash election) rather than an elective insider sale. Such automatic redemptions are common when LP interests have conversion/redemption features linked to public offerings.