Lerner Steven J. 4

What Happened

• Steven J. Lerner, a director of SOLV Energy, executed a disposition to the issuer on 2026-06-01 by redeeming 16,003 Opco LLC Interests for cash. The redemption price per interest was $36.00 (net of underwriting discounts/commissions), resulting in proceeds of approximately $576,108. An equal number of the Issuer’s Class B common shares held by Lerner were surrendered and cancelled in connection with the redemption.
• This was a derivative/issuer redemption transaction (code D), not an open-market sale — a liquidity event tied to the Issuer’s follow-on offering rather than a typical secondary market sale.

Key Details

• Transaction date: June 1, 2026; Form 4 filed: June 3, 2026 (timely filing).
• Transaction type: Disposition to issuer of Opco LLC Interests (Derivative) — Form 4 code D.
• Units redeemed: 16,003 Opco LLC Interests at $36.00 net per interest; total cash received ≈ $576,108.
• Corresponding action: Cancellation of 16,003 Class B common shares of the Issuer held by the reporting person.
• Relevant footnotes: Redemption occurred in connection with the Issuer’s follow-on offering (prospectus dated May 28, 2026); Opco LLC Interests can be redeemed for Class A shares one-for-one or for cash using offering proceeds.
• Shares owned after transaction: Not specified in the provided filing.

Context

• Opco LLC Interests are economic interests in SOLV Energy Holdings LLC that can be converted into Class A stock or cashed out per the Opco LLCA; Class B shares carry voting but no economic rights and were cancelled upon redemption. This transaction is a contractual liquidity event tied to the follow-on offering, not a routine open-market trade, and should be interpreted as such.