Blakely Robert Ian 4
4 · ERock, Inc. · Filed Jun 12, 2026
Research Summary
AI-generated summary of this filing
ERock (EROC) CFO Robert Blakely Sells 449,233 Units for $8.92M
What Happened
Robert Ian Blakely, CFO of ERock, disposed of 449,233 Class B Units to the issuer on June 11, 2026 in connection with the closing of ERock’s initial public offering. The filing values the transaction at $19.85 per unit, for total consideration of approximately $8,917,275. The sale resulted in the automatic cancellation of an equivalent number of Class B common shares held by Mr. Blakely.
Key Details
- Transaction date: 2026-06-11; Form 4 filed 2026-06-12 (timely filing).
- Reported sale price: $19.85 per Class B Unit; total proceeds ≈ $8,917,275.
- Security: Class B Units of Enchanted Rock Holdings, LLC (treated as a derivative security in the filing).
- Ownership after transaction: not disclosed in the filing.
- Footnote F1: Units sold to the issuer at $19.85 (the IPO per-share price less the reporting person’s share of offering expenses); equivalent Class B common shares were cancelled.
- Footnote F2: Class B Units are exchangeable, at holder’s option, one-for-one into Class A common stock or for cash (issuer’s election); upon exchange the corresponding Class B common share is cancelled.
Context
This was a disposition to the issuer tied to the company’s IPO (not an open-market sale). The units involved are exchangeable/derivative in nature—holders can convert them into Class A common shares or receive cash—so the transaction reflects an IPO-related restructuring/settlement rather than a typical insider sale signaling a change in sentiment.
Insider Transaction Report
- Disposition to Issuer
Class B Common Stock
[F1]2026-06-11−449,233→ 4,487,528 total - Disposition to Issuer
Class B Units
[F2][F1]2026-06-11$19.85/sh−449,233$8,917,275→ 4,487,528 total→ Class A Common Stock (449,233 underlying)
Footnotes (2)
- [F1]Represents Class B Units of Enchanted Rock Holdings, LLC sold by the Reporting Person to the Issuer in connection with the closing of the Issuer's initial public offering ("IPO") at a price per Class B Unit of $19.85 (the per-share price paid by the underwriters for shares of the Class A Common Stock in the IPO, less the Reporting Person's share of offering expenses). In connection with such sale, the Issuer automatically cancelled an equivalent number of shares of Class B Common Stock held by the Reporting Person.
- [F2]The Class B Units are exchangeable, at the holder's option, on a one-for-one basis into shares of Class A Common Stock of the Issuer or cash (at the Issuer's election). Upon exchange of a Class B Unit, the corresponding share of Class B Common Stock will be automatically cancelled.