AMERICAN SECURITIES LLC 4

What Happened

• American Securities LLC (designated filer for a group of related ASP entities and a 10% owner) reported sales of a total 12,550,176 shares of SOLV Energy Class A common stock on June 1, 2026. The activity breaks down as 7,698,410 shares sold outright and 4,851,766 shares sold via the redemption/exchange of Opco LLC interests (reported as a derivative sale). The per‑share amount tied to the follow‑on offering was $36.00 (net), implying aggregate proceeds of roughly $451.8 million. This was an institutional liquidity event related to the issuer’s follow‑on offering, not a purchase.

Key Details

• Transaction date: 2026-06-01; Form 4 filed: 2026-06-03 (timely).
• Transaction type: Sales (S) — one direct sale (7,698,410 shares) and one derivative sale (4,851,766 shares via Opco LLC interest redemption).
• Price: $36.00 per share (price noted is the public offering price, net of underwriting discounts and commissions).
• Approximate proceeds: $451.8 million.
• Shares owned after transaction: Not specified; the Reporting Persons disclaim beneficial ownership of the securities listed (see footnotes).
• Notable footnotes: Complex ownership structure — ASP entities own Class A shares and Opco LLC interests; Opco LLC interests can be redeemed for Class A shares or cash per the Opco LLC agreement; sales were in connection with the issuer’s May 28, 2026 follow‑on offering. This filing is one of two identical Form 4s because there are more than 10 reporting persons.

Context

• This is a large institutional sale tied to a follow‑on offering (distribution of existing holdings and redemption of partnership interests), not an executive insider selling for personal reasons. The "derivative" line reflects redemption/exchange of Opco LLC partnership interests for cash (and associated cancellation of Class B shares), not an options exercise.
• For retail investors: institutional sales related to offerings are typically liquidity/structuring events. They are informative about supply coming to market but do not necessarily signal management sentiment.