Abram J Adam 4
4 · SOLV Energy, Inc. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
SOLV Energy (MWH) Director Abram J. Adam Redeems Units for Cash
What Happened Abram J. Adam, a director of SOLV Energy, disposed of (redeemed) a total of 33,052 Opco LLC interests on June 1, 2026. The redemption consisted of 8,792 interests held directly and 24,260 interests held indirectly, exchanged for cash at a net price of $36.00 per interest (the Follow‑On Offering price), for a total cash value of $1,189,872. In connection with the redemption, an equal number (33,052) of the Issuer's Class B common shares held by Adam were surrendered and cancelled for no additional consideration. The Form 4 reports these as derivative dispositions (transaction code D).
Key Details
- Transaction date: 2026-06-01; Form 4 filed: 2026-06-03 (timely filing).
- Units redeemed: 8,792 direct + 24,260 indirect = 33,052 Opco LLC interests.
- Price: $36.00 per interest (net of underwriting discounts/commissions); total ≈ $1,189,872.
- Shares surrendered/cancelled: 33,052 Class B common shares (voting-only, no economic rights).
- Transaction code: D (Disposition to issuer — derivative redemption).
- Shares owned after transaction: not specified in the Form 4 (Opco LLC interests and remaining Class B holdings not disclosed).
- Footnotes: redemption occurred under the Opco LLC Agreement and was effected in connection with a public follow‑on offering by affiliates of American Securities LLC and the Issuer.
Context This was a cash redemption of Opco LLC interests tied to a public follow‑on offering (not an open‑market sale). Because Class B shares carry voting rights but no economic interest and were cancelled upon redemption, the transaction primarily reflects conversion/cash‑out mechanics under the company’s Opco LLCA rather than a typical executive sell signal.
Insider Transaction Report
- Disposition to Issuer
SOLV Energy Holdings LLC Interests
[F1][F2][F3][F4]2026-06-01−8,792→ 96,017 total→ Class A Common Stock (8,792 underlying) - Disposition to Issuer
SOLV Energy Holdings LLC Interests
[F1][F2][F3][F4]2026-06-01−24,260→ 264,943 total(indirect: By Trust)→ Class A Common Stock (24,260 underlying)
Footnotes (4)
- [F1]Pursuant to the limited liability company agreement ("Opco LLCA") of SOLV Energy Holdings LLC ("Opco"), the Reporting Person is entitled to redeem common units of Opco ("Opco LLC Interests") for, at the Issuer's election, shares of Class A common stock of the Issuer ("Class A common stock") on a one-for-one basis or, using proceeds from a substantially contemporaneous follow-on offering or secondary offering, a cash payment equal to the price per share of the Class A common stock net of any underwriting discounts or commissions paid in such offering, in each case in accordance with the terms of the Opco LLCA. Upon a redemption of Opco LLC Interests, an equal number of shares of Class B common stock of the Issuer held by the Reporting Person will be surrendered to and cancelled by the Issuer for no additional consideration.
- [F2](Continued from footnote 1) Each share of Class B common stock entitles the Reporting Person to one vote per share but carries no economic rights. Opco LLC Interests do not have an expiration date.
- [F3]Represents the direct exchange for cash of 8,792 Opco LLC Interests directly held and 24,260 Opco LLC Interests indirectly held by the Reporting Person (and the cancellation of an equal number of shares of Class B common stock of the Issuer held by the Reporting Person) in connection with the public offering of Class A common stock by affiliates of American Securities LLC and the Issuer pursuant to the prospectus dated May 28, 2026, and accompanying registration statement on Form S-1 (File No. 333-296238), of the Issuer (the "Follow-On Offering").
- [F4]Represents a price per Opco LLC Interest equal to the public offering price in the Follow-On Offering of $36.00 per share of Class A common stock, net of underwriting discounts and commissions.