AMERICAN SECURITIES LLC 4

What Happened

• American Securities LLC, reported as a 10% owner through a group of affiliated entities, sold 1,154,760 shares of SOLV Energy Class A common stock and caused the cash redemption/exchange of 727,765 Opco LLC interests on June 4, 2026. The transactions were tied to the issuer’s follow-on offering and priced at $36.00 per share (net of underwriting discounts), producing aggregate proceeds of $67,770,900 (about $67.8M).
• These were sales/redemptions (transaction code S) related to the full exercise of the underwriters’ option in the follow-on public offering — not a purchase.

Key Details

• Transaction date: 2026-06-04; Form 4 filed 2026-06-05 (timely filed).
• Price: $36.00 per share (public offering price net of underwriting discounts) per footnote.
• Shares sold: 1,154,760 Class A shares — proceeds $41,571,360.
• Opco interests redeemed/cashed: 727,765 Opco LLC Interests — proceeds $26,199,540.
• Total proceeds: $67,770,900 (~$67.8M).
• Shares owned after transaction: Not specified in the provided filing.
• Notable footnotes:
  • Sales resulted from the full exercise of the underwriters’ option in the follow-on offering; some Opco LLC interests were redeemed for cash and an equal number of Class B shares were cancelled (see F3–F5).
  • Multiple affiliated entities comprise the reporting group; Reporting Persons disclaim beneficial ownership except for pecuniary interest (see F1–F6).
  • This is the first of two identical Form 4s filed because there are more than 10 reporting persons; American Securities LLC is the designated filer.

Context

• This activity reflects institutional selling associated with a follow-on offering and redemption mechanism for Opco LLC interests, not an individual executive trade. It does not necessarily signal management sentiment.
• For retail investors, purchases typically carry more interpretive weight; here the transactions are procedural liquidity from a large shareholder and tied to an offering structure.