Forman Adam S 4

What Happened Adam S. Forman, Chief Legal Officer & Secretary of SOLV Energy (MWH), had 2,722 limited partnership units in SOLV Energy Management Holdings LP ("MH Units") automatically redeemed for cash on 2026-06-04. The redemption was part of the underwriters’ full exercise of the option in a follow-on offering; the cash price per MH Unit was $36.00 (net of underwriting discounts), for a total of about $97,992. As a result, an equal number of Opco LLC Interests held by MH were surrendered and an equal number of Class B shares held by MH were cancelled.

Key Details

• Transaction date: 2026-06-04 (reported 2026-06-05)
• Transaction type: Disposition to issuer (automatic, pro rata redemption of MH Units)
• Units redeemed: 2,722 MH Units; price per unit: $36.00 net; total cash received ≈ $97,992
• Nature of securities: redemption of limited partnership units (derivative interest); corresponding surrender/cancellation of MH-held Opco LLC Interests and Class B common stock (Class B shares have voting but no economic rights)
• Reason: automatic, non-discretionary pro rata redemption due to full exercise of underwriters’ option in the follow-on offering
• Shares owned after transaction: not specified in the Form 4
• Filing timeliness: no late filing indicated in the report

Context This was a derivative/unit redemption tied to a company follow-on offering — not an open-market sale by the executive. The transaction was automatic under partnership and LLC agreements and reflects conversion/cash-out mechanics (MH Units and related Class B shares were cancelled) rather than an individual decision to sell Class A stock on the market.