Grubb David Harold Jr. 4

What Happened
David Harold Grubb Jr., Chief Commercial Officer of SOLV Energy (MWH), had 35,391 MH Units automatically redeemed for cash on 2026-06-04. The redemption was a disposition to the issuer (derivative transaction) tied to the underwriters' full exercise of their option in a follow-on offering. The per-unit cash price was $36.00 (public offering price net of underwriting discounts), resulting in gross proceeds of approximately $1,274,076 (35,391 × $36.00).

Key Details

• Transaction date: 2026-06-04; Form 4 filed: 2026-06-05 (timely filing).
• Transaction type/code: Disposition to issuer (derivative redemption).
• Units redeemed: 35,391 MH Units; price per unit: $36.00; proceeds ≈ $1,274,076.
• Footnote summary: Redemption was an automatic, pro rata action under the MH LPA and Opco LLCA due to the underwriters’ option exercise (see F1–F4). Corresponding Class B shares held by MH were surrendered/cancelled and matching Opco LLC interests and MH Units were cancelled.
• Shares owned after transaction: Not specified in the provided filing details.

Context
This was not an open-market sale of Class A common stock but an automatic contractual redemption of partnership/derivative interests triggered by the issuer’s follow-on offering (affiliates of American Securities LLC and the issuer). Such redemptions are customary under the agreements described and reflect structural conversions/cancellations rather than an executive-initiated market sale.