Slotterback Jeffrey M 4
4 · WhiteHawk Minerals Corp. · Filed Jun 12, 2026
Research Summary
AI-generated summary of this filing
WhiteHawk Minerals (WHK) CFO Slotterback Redeems Series D for ~$662K
What Happened
Jeffrey M. Slotterback, CFO, Treasurer & Secretary and a director of WhiteHawk Minerals (WHK), reported a mix of awards/acquisitions and a disposition tied to the company’s IPO/reorganization. He acquired 100 Series D preferred shares on 2026-03-02 at $1,000 per share (Series D), received 14,369 shares of Class A common on 2026-06-08 pursuant to a corporate reorganization, and had 100 Series D preferred shares redeemed by the issuer on 2026-06-10. The Series D redemption paid the stated $1,000 per share plus $5,621.92 in accrued dividends/additional amounts (total $6,621.92 per share), or approximately $662,192 for 100 shares. The 14,369 Class A shares were acquired via reorganization (no cash price shown).
Key Details
- Transaction dates: 2026-03-02 (Series D acquisition), 2026-06-08 (Class A acquisition via reorg), 2026-06-10 (Series D redeemed by issuer).
- Prices / proceeds: Series D originally acquired at $1,000/share (F2); redemption paid $6,621.92/share (stated value + accrued dividends) — ~ $662,192 total for 100 shares (F5). No cash price shown for the 14,369 Class A shares (F4).
- Shares owned after transaction: not specified in the provided filing details.
- Notable footnotes: F1 notes the March 2 transaction occurred prior to the company’s SEC registration and is reported under Rule 16a-2(a); F3 notes some securities are held by PhiCap Advisors, LLC and may be subject to shared voting/investment power (Slotterback disclaims beneficial ownership except to pecuniary interest). F4 describes the Class A acquisition as part of the reorganization; F5 explains the Series D redemption mechanics.
- Filing timeliness: The Form 4 was filed on 2026-06-12. The March 2 transaction (pre-IPO) and the June 8 reorganization grant were reported after the two-business-day window and are therefore late; the June 10 redemption was reported within two business days.
Context
- The Series D redemption was tied to the company’s IPO/consummation of its registration, converting/redeming preferred holdings for cash (stated value plus accrued dividends). The 14,369 Class A shares were received in a reorganization and may reflect conversion or reclassification of prior holdings.
- These are corporate-transformation-driven transactions (IPO / reorg and preferred redemption) rather than routine open-market buys or sales; they reflect structural changes in capitalization rather than a simple buy/sell signal from the insider.
Insider Transaction Report
- Award
Series D Preferred Stock
[F1][F2][F3]2026-03-02+100→ 100 total(indirect: By LLC) - Award
Class A Common Stock
[F1][F4][F3]2026-06-08+14,369→ 14,369 total(indirect: By LLC) - Disposition to Issuer
Series D Preferred Stock
[F5][F3]2026-06-10−100→ 0 total(indirect: By LLC)
Footnotes (5)
- [F1]This transaction occurred prior to the Issuer's registration of a class of equity securities under Section 12 of the Securities Exchange Act of 1934, as amended, in connection with the Issuer's initial public offering, and is reported herein pursuant to Rule 16a-2(a).
- [F2]Represents an acquisition of Series D Preferred Stock from the Issuer for $1,000 per share.
- [F3]Represents securities held by PhiCap Advisors, LLC ("PhiCap"). The Reporting Person may be deemed to share beneficial ownership of the shares attributable to PhiCap by virtue of his shared voting and investment power over the securities held by PhiCap. Mr. Slotterback disclaims beneficial ownership of the shares held by PhiCap except to the extent of his pecuniary interest therein.
- [F4]Represents an acquisition of shares of Class A Common Stock pursuant to a reorganization of the Issuer.
- [F5]The Series D Preferred Stock was redeemed by the Issuer in connection with the consummation of its initial public offering, for an amount consisting of (i) the stated value of $1,000 per share and (ii) $5,621.92 of accrued dividends and additional amounts necessary such that the holder received the Minimum Return (as defined in the Certificate of Designations of the Series D Preferred Stock).