Deters Kevin J. 4
4 · SOLV Energy, Inc. · Filed Jun 5, 2026
Research Summary
AI-generated summary of this filing
SOLV Energy (MWH) COO Kevin Deters Redeems 16,640 Units for $599K
What Happened
- Kevin J. Deters, COO of SOLV Energy, had 16,640 limited partnership units in SOLV Energy Management Holdings LP (MH Units) redeemed on June 4, 2026.
- The redemption was a disposition-to-issuer tied to a follow-on offering and was settled in cash at a net price of $36.00 per unit (the public offering price less underwriting discounts), resulting in proceeds of approximately $599,040.
- This was not an open-market sale by the COO but an automatic, pro rata contractual redemption required by MH’s governing agreements; corresponding Class B common stock held by MH was surrendered and cancelled.
Key Details
- Transaction date: 2026-06-04; Form 4 filed: 2026-06-05 (timely).
- Price per unit: $36.00 net of underwriting discounts; total cash ≈ $599,040.
- Transaction type: Disposition (derivative) — automatic pro rata redemption of 16,640 MH Units; corresponding Opco LLC interests and Class B shares were cancelled.
- Shares/units owned after transaction: not specified in the filing.
- Notable footnotes: redemption was required under the MH LPA and Opco LLCA due to full exercise of underwriters’ option in the follow-on offering (prospectus dated May 28, 2026); the redemption was automatic and non‑discretionary.
Context
- This was a contractual corporate-structure redemption tied to a secondary/follow-on offering (not a voluntary open‑market sale) and thus is generally a routine liquidity/capital-structure event rather than a discretionary insider trade.
- Because the transaction involved cancellation of partnership units and related Class B shares, it reduced the insider’s MH Units and the affiliated non‑economic Class B shares held by MH.
Insider Transaction Report
Form 4
Deters Kevin J.
Chief Operating Officer
Transactions
- Disposition to Issuer
SOLV Energy Management Holdings LP Units
[F1][F2][F3][F4]2026-06-04−16,640→ 1,194,877 total→ Class A Common Stock (16,640 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 16,640 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.
Signature
/s/ Adam S. Forman, attorney-in-fact|2026-06-05