Hershman George William 4

What Happened

• George W. Hershman, CEO of SOLV Energy, had 55,257 limited partnership units (MH Units) automatically redeemed for cash on 2026-06-04. The redemption price was $36.00 per unit, for total proceeds of $1,989,252. This was a disposition (derivative redemption) tied to a follow-on offering and the full exercise of the underwriters' option.

Key Details

• Transaction date: 2026-06-04; SEC filing date: 2026-06-05 (filed timely).
• Price: $36.00 per MH Unit; total cash received: $1,989,252.
• Transaction type: Disposition to issuer (derivative redemption) — automatic, pro rata, non-discretionary.
• Shares/units after transaction: Not specified in the provided filing excerpt.
• Notable footnotes: The MH Units are redeemable for one-for-one Class A common stock or for cash using proceeds of the follow-on offering (footnotes F1–F4). Upon redemption, an equal number of Class B shares held by the related holder (MH) are surrendered and cancelled; Class B shares carry voting but no economic rights.

Context

• This was not an open-market sale or voluntary transfer by the CEO but an automatic redemption required under the partnership/LLC agreements because the follow-on offering (including the underwriters' option) was fully exercised. Such automatic redemptions are typically routine and tied to the company’s capital-raising mechanics rather than a discretionary insider sale.