Kimball Helena Elisabeth 4

What Happened
Helena Kimball, Chief Revenue Officer of SOLV Energy (MWH), had 2,689 limited partnership units in SOLV Energy Management Holdings LP ("MH Units") automatically redeemed for cash on 2026-06-04. The redemption was a disposition to the issuer tied to the full exercise of the underwriters' option in a follow-on offering. The per-unit price equaled the public offering price net of underwriting discounts — $36.00 — for a cash proceeds total of approximately $96,804. This was a non‑discretionary, automatic redemption (derivative disposition), not an open‑market sale by the insider.

Key Details

• Transaction date: 2026-06-04; Form filed: 2026-06-05 (appears timely).
• Instrument: MH Units (limited partnership units) — reported as a derivative disposition to the issuer (Code D).
• Units redeemed: 2,689; net price per unit: $36.00; approximate cash received: $96,804.
• Resulting actions: Corresponding surrender/cancellation of equal number of Opco LLC Interests and Class B common shares held by MH, and cancellation of an equal number of MH Units held by the reporting person (per footnotes).
• Footnotes summary: Redemption was required, automatic and pro rata under MH LPA and Opco LLCA due to full exercise of the underwriters' over‑allotment option in the Follow‑On Offering; price represents offering price net of underwriting discounts (see F1–F4).
• Shares owned after transaction: not disclosed in the provided filing excerpt.

Context
This was a derivative/unit redemption tied to a corporate follow-on offering (a “greenshoe” exercise) and was automatic under partnership/LLC agreements — i.e., not an independent decision to sell by the insider. The transaction involved canceling related Class B voting shares (which carry voting but no economic rights) and Opco LLC interests; it reflects a structural conversion/cash-out related to the offering rather than a direct market sell signal about insider sentiment.