Roberts Chad 4
4 · Flowco Holdings Inc. · Filed Jun 9, 2026
Research Summary
AI-generated summary of this filing
Flowco (FLOC) EVP Chad Roberts Converts 350,000 Units into Shares
What Happened
Chad Roberts, EVP, Production Solutions of Flowco Holdings Inc. (FLOC), acquired 350,000 shares of Class A common stock on May 26, 2026 through the conversion/redemption of an equal number of Flowco MergeCo LLC Common Units that were paired with Class B common shares. The filing shows a corresponding disposition of 350,000 derivative securities (the paired Common Units/Class B interests) recorded at $0.00; no cash purchase price for the Class A shares is reported. This was an exchange/conversion of interests rather than an open-market buy or sale.
Key Details
- Transaction date: 2026-05-26.
- Acquired: 350,000 Class A common shares via conversion (price: N/A).
- Disposed: 350,000 paired Common Unit/Class B interests (recorded at $0.00 — derivative cancellation).
- Shares owned after transaction: not disclosed in the Form 4.
- Footnotes: F1–F2 explain these shares were received upon redemption/exchange of Common Units paired with Class B common stock; under the Restated LLC Agreement each paired interest is exchangeable for one Class A share (or cash at the issuer’s election), and the related Class B shares are generally cancelled on exchange.
- Filing timeliness: Form 4 filed 2026-06-09 for a 2026-05-26 transaction (filed ~14 days after the transaction), which appears to be late relative to the usual Form 4 reporting deadline.
Context
This was a derivative conversion (exchange of LLC common units and associated Class B shares into Class A stock), not a market sale or purchase. Such conversions are typically corporate/structural events under the LLC and charter documents and do not necessarily indicate trading intent or market sentiment by the insider. No tax-withholding, 10b5-1 plan, or cash proceeds are reported in the filing.
Insider Transaction Report
- Conversion
Class A Common Stock
[F1]2026-05-26+350,000→ 417,008 total - Conversion
LLC Interests
[F1][F2]2026-05-26−350,000→ 218,016 total→ Class A Common Stock (350,000 underlying)
Footnotes (2)
- [F1]The 350,000 shares of Class A common stock of the Issuer (the "Class A Common Stock") were acquired upon redemption and exchange of an equal number of Common Units of Flowco MergeCo LLC (the "Common Units") and shares of Class B common stock of the Issuer (the "Class B Common Stock", and together with the paired Common Unit, the "Paired Interest") as described in footnote (2).
- [F2]Represents Common Units. Each Common Unit is paired with one share of Class B Common Stock. Pursuant to a Second Amended and Restated Limited Liability Company Agreement of Flowco MergeCo LLC (the "Restated LLC Agreement"), each Paired Interest will be exchangeable into one share of Class A Common Stock (or at the Issuer's election, cash based on the redemption rate set forth in the Restated LLC Agreement and the value of the Class A Common Stock at the time of the exchange), subject to the terms of the Restated LLC Agreement. Upon an exchange of the Paired Interests for Class A Common Stock, the corresponding number of shares of Class B Common Stock, which entitle its holder to one vote per share on all matters presented to the Issuer's stockholders, generally will be cancelled.