SOLV Energy (MWH) CLO Adam S. Forman Sells 11,480 Units

What Happened
Adam S. Forman, Chief Legal Officer & Secretary of SOLV Energy (MWH), had 11,480 limited partnership units in SOLV Energy Management Holdings LP (MH Units) automatically redeemed on August 19, 2026. The redemption was tied to MH’s sale of Class A common stock and was settled at a price equal to the Class A sale price of $27.77 per share, resulting in roughly $318,800 in aggregate value. This was a derivative/automatic redemption—not an independent open-market sale initiated by Forman.

Key Details

• Transaction date: 2026-08-19; Form 4 filed: 2026-08-21 (timely, within two business days).
• Instrument: Automatic, pro rata redemption of 11,480 MH Units (reported as a sale/derivative disposition).
• Price used for redemption: $27.77 per unit (equal to the sale price of the Class A shares sold by MH).
• Approximate value: 11,480 × $27.77 ≈ $318,800.
• Shares/units owned after transaction: Not specified in the filing.
• Key footnotes: redemption was automatic and non-discretionary under MH’s Limited Partnership Agreement and Opco’s LLC agreement; MH’s redemption triggered (i) a direct exchange of Opco LLC interests or cash at the issuer’s election and (ii) cancellation of corresponding Class B common stock and MH Units.

Context
This transaction reflects a pass-through, contractual redemption tied to MH’s sale of Class A common stock rather than an individual decision by the insider to sell shares on the open market. Such automatic redemptions are common when holding units of a sponsor or partnership that convert/redeem on sponsor-level sales; they do not necessarily signal personal buying or selling intent by the insider.