WhiteHawk Minerals Corp.·4

Jun 12, 4:05 PM ET

Slotterback Jeffrey M 4

Research Summary

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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.