Abram J Adam 4
4 · SOLV Energy, Inc. · Filed Jun 5, 2026
Research Summary
AI-generated summary of this filing
SOLV Energy (MWH) Director Abram J Adam Redeems Interests for $178K
What Happened
Abram J Adam, a director of SOLV Energy, disposed of (redeemed) a total of 4,958 Opco LLC interests on 2026-06-04 in connection with a follow‑on offering. He redeemed 1,319 interests held directly and 3,639 interests held indirectly for cash at $36.00 per interest (net of underwriting discounts), receiving $47,484 and $131,004 respectively, for a total of $178,488. An equal number (4,958) of the Issuer’s Class B common shares held by Mr. Adam were surrendered to and cancelled by the company as part of the transaction.
Key Details
- Transaction date: 2026-06-04; Form 4 filed: 2026-06-05 (timely).
- Amounts: 1,319 interests → $47,484; 3,639 interests → $131,004; total cash received = $178,488.
- Price: $36.00 per Opco LLC interest (public offering price net of underwriting discounts).
- Shares owned after transaction: not specified in the filing.
- Footnotes: Redemption pursuant to the Opco LLC agreement allowing Opco LLC interests to be redeemed for Class A shares or cash using proceeds from the contemporaneous follow‑on offering; cancellation of equal Class B shares (Class B carry voting but no economic rights).
- Transaction type: Disposition to issuer (cash redemption of derivative interests), not an open‑market sale.
Context
This was a cash redemption of Opco LLC interests triggered by the underwriters’ full exercise of their option in the follow‑on offering by affiliates of American Securities LLC and the Issuer. The filing reflects a conversion/redemption tied to an offering rather than a routine open‑market sale; Class B shares surrendered had voting rights but no economic interest. The filing does not state any trading plan (e.g., 10b5‑1) and was filed promptly.
Insider Transaction Report
- Disposition to Issuer
SOLV Energy Holdings LLC Interests
[F1][F2][F3][F4]2026-06-04−1,319→ 94,698 total→ Class A Common Stock (1,319 underlying) - Disposition to Issuer
SOLV Energy Holdings LLC Interests
[F1][F2][F3][F4]2026-06-04−3,639→ 261,304 total(indirect: By Trust)→ Class A Common Stock (3,639 underlying)
Footnotes (4)
- [F1]Pursuant to the limited liability company agreement ("Opco LLCA") of SOLV Energy Holdings LLC ("Opco"), the Reporting Person is entitled to redeem common units of Opco ("Opco LLC Interests") 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 Opco LLCA. Upon a redemption of Opco LLC Interests, an equal number of shares of Class B common stock of the Issuer held by the Reporting Person will be surrendered to and cancelled by the Issuer for no additional consideration.
- [F2](Continued from footnote 1). Each share of Class B common stock entitles the Reporting Person to one vote per share but carries no economic rights. Opco LLC Interests do not have an expiration date.
- [F3]Represents the direct exchange for cash of 1,319 Opco LLC Interests directly held and 3,639 Opco LLC Interests indirectly held by the Reporting Person (and the cancellation of an equal number of shares of Class B common stock of the Issuer held by the Reporting Person) 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 Opco LLC Interest 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.