SOLV Energy Management Holdings LP 4

What Happened
SOLV Energy Management Holdings LP (a reported 10% owner) disposed of 315,390 securities on 2026-06-04 by redeeming OpCo LLC interests for cash in connection with the follow-on offering. The filing treats this as a derivative-based sale; the redemption price is disclosed in the filing footnotes as $36.00 per interest (net of underwriting discounts), for an aggregate cash amount of approximately $11,354,040. An equal number of the Issuer's Class B shares held by the Reporting Person were surrendered and cancelled.

Key Details

• Transaction date: 2026-06-04; filed: 2026-06-05 (timely).
• Reported shares/units redeemed: 315,390 OpCo LLC Interests.
• Price per interest (per footnote): $36.00 net; total proceeds ≈ $11,354,040.
• Resulted in cancellation of an equal number of Class B common shares held by the Reporting Person.
• Notable footnotes: redemption rights under the OpCo LLCA; Class B shares carry voting but no economic rights; this action followed full exercise of the underwriters’ option in the Follow‑On Offering.
• Beneficial ownership: the Reporting Person disclaims beneficial ownership except to the extent of any pecuniary interest; general partner ASP Manager Corp. has no pecuniary interest.

Context
This was a derivative redemption tied to a public follow-on offering (underwriters’ option exercise), not an open‑market individual insider sale. As a 10% institutional holder, this transaction reflects conversion/redemption mechanics under the OpCo LLC agreement rather than an individual executive trading on private information.