Amthor Corey 4
Research Summary
AI-generated summary
ERock (EROC) President Corey Amthor Sells 617,442 Units for $12.3M
What Happened
Corey Amthor, President of ERock, disposed of 617,442 Class B units to the issuer on June 11, 2026 in connection with the closing of ERock's initial public offering. The units were sold at $19.85 per unit, generating proceeds of approximately $12,256,224. The filing shows a related automatic cancellation of an equivalent number of Class B common shares held by Amthor.
Key Details
- Transaction date: 2026-06-11; Form 4 filed 2026-06-12 (timely filing).
- Disposition: 617,442 Class B units sold to the issuer at $19.85/unit; total ~$12,256,224.
- Additional filing line shows a related cancellation/disposition (N/A price) reflecting the automatic cancellation of equivalent Class B common stock.
- Post-transaction holdings: Not specified in the Form 4 filing.
- Footnote summary:
- F1: Sale was of Class B units to the issuer at $19.85 per unit (the IPO per-share price less Amthor’s share of offering expenses); equivalent Class B common stock was cancelled.
- F2: The Class B units are exchangeable, at holder’s option, one-for-one into Class A common stock or cash (issuer’s election); an exchanged unit results in cancellation of the corresponding Class B common share.
Context
This was not an open-market sale but a disposition tied to the IPO closing and internal unit/share cancellations. For retail investors, note this is a company-led transaction related to the IPO structure rather than a routine insider sell in the public market; it reflects conversion/sale mechanics rather than an ordinary-market trade.