Valleton Eric John 4
4 · SOLV Energy, Inc. · Filed Jun 5, 2026
Research Summary
AI-generated summary of this filing
SOLV Energy (MWH) CTO Eric J. Valeton Sells 7,861 Units
What Happened
Eric J. Valeton, Chief Technology Officer of SOLV Energy, reported a disposition (redemption) of 7,861 MH Units on 2026-06-04. Per the filing, the units were redeemed for cash at a net price equal to the follow‑on offering public price ($36.00 per share net of underwriting discounts), for a total of $282,996. This was a mandatory, pro rata redemption tied to the underwriters’ full exercise of their option in a follow‑on offering — not a discretionary open‑market sale.
Key Details
- Transaction date: 2026-06-04; Form 4 filed: 2026-06-05 (timely).
- Transaction type/code: Disposition (D) of derivative interests (MH Units).
- Price/value: $36.00 per unit (net of underwriting discounts) → 7,861 units × $36.00 = $282,996.
- Shares owned after transaction: not specified in the provided filing extract.
- Notable footnotes: the redemption was automatic/non‑discretionary under MH LPA and Opco LLCA, triggered by the follow‑on offering; corresponding Class B common stock held by the related entity (MH) was surrendered and MH Units cancelled.
- Filing timeliness: filed the next day; no late filing indicated.
Context
This was a derivative redemption tied to corporate agreements and a follow‑on offering (underwriters’ option exercise), so it’s a structural/corporate transaction rather than an individual, discretionary sale by the officer. Such automatic redemptions are common in connection with secondary or follow‑on offerings and do not, by themselves, imply insider sentiment about the company’s prospects.
Insider Transaction Report
- Disposition to Issuer
SOLV Energy Management Holdings LP Units
[F1][F2][F3][F4]2026-06-04−7,861→ 564,542 total→ Class A Common Stock (7,861 underlying)
Footnotes (4)
- [F1]Pursuant to the Limited Partnership Agreement ("MH LPA") of SOLV Energy Management Holdings LP ("MH") and limited liability company agreement ("Opco LLCA") of SOLV Energy Holdings LLC ("Opco"), the Reporting Person is indirectly entitled to redeem common units of Opco ("Opco LLC Interests") held by MH for, at the Issuer's election, shares of Class A common stock of the Issuer ("Class A common stock") on a one-for-one basis or, using proceeds from a substantially contemporaneous follow-on offering or secondary offering, a cash payment equal to the price per share of the Class A common stock net of any underwriting discounts or commissions paid in such offering, in each case in accordance with the terms of the MH LPA and the Opco LLCA.
- [F2](Continued from footnote 1) Upon a redemption of Opco LLC Interests by MH, an equal number of shares of Class B common stock of the Issuer held by MH will be surrendered to and cancelled by the Issuer for no additional consideration, and an equal number of limited partnership units in MH ("MH Units") held by the Reporting Person will be cancelled by MH. In accordance with the MH LPA, each share of Class B common stock held by MH entitles the Reporting Person to one vote per share but carries no economic rights. Opco LLC Interests and MH Units do not have an expiration date.
- [F3]In accordance with the terms of the MH LPA and Opco LLCA, represents the required, automatic and non-discretionary pro rata direct redemption for cash of 7,861 MH Units held by the Reporting Person (and the corresponding (i) surrender of an equal number of Opco LLC Interests held by MH and (ii) cancellation of an equal number of shares of Class B common stock of the Issuer held by MH) as a result of the full exercise of the underwriters' option to purchase additional shares of Class A common stock in connection with the public offering of Class A common stock by affiliates of American Securities LLC and the Issuer pursuant to the prospectus dated May 28, 2026, and accompanying registration statement on Form S-1 (File No. 333-296238), of the Issuer (the "Follow-On Offering").
- [F4]Represents a price per MH Unit equal to the public offering price in the Follow-On Offering of $36.00 per share of Class A common stock, net of underwriting discounts and commissions.