Deters Kevin J. 4

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.