KTR Management Company, LLC 4
4 · Solaris Energy Infrastructure, Inc. · Filed May 4, 2026
Research Summary
AI-generated summary of this filing
Solaris Energy (SEI) 10% Owner KTR Management Sells 2,000,000 Shares
What Happened KTR Management Company, LLC (reported as a 10% owner of Solaris Energy Infrastructure, Inc. — SEI) converted 2,000,000 Solaris LLC units/Class B shares into Class A common stock and sold 2,000,000 shares in an open market/private sale on 2026-04-30. The shares were sold at $70.75 per share for total proceeds of $141,500,000. The filing also reports the cancellation of the related Class B shares for no consideration in connection with the unit redemption/conversion.
Key Details
- Transaction date: 2026-04-30.
- Open-market/private sale (Code S): 2,000,000 shares at $70.75 each — proceeds $141,500,000.
- Conversion of derivative security (Code C): 2,000,000 shares reported as acquired (conversion) at $0.00 and a corresponding disposal of a derivative security at $0.00 (reflecting the unit redemption/conversion mechanics).
- Other acquisition/disposition (Code J): 2,000,000 Class B shares cancelled for no consideration as part of the redemption.
- Shares owned after the transaction: not explicitly stated in the provided filing summary.
- Footnotes: Class B shares carried one vote but no economic rights; Solaris LLC Units (with corresponding Class B shares) are exchangeable for Class A common stock under the LLC agreement. John Tuma owns KTR and has sole voting/disposal authority over the securities held by KTR.
- Filing timeliness: Report filed 2026-05-04 for a 2026-04-30 transaction — appears timely under the Form 4 two-business-day rule.
Context This was primarily a conversion of LLC units/Class B shares into Class A stock followed by a large sale — a liquidity event by a 10% owner rather than an executive buy. Conversion entries at $0 reflect the exchange/redemption mechanics (not a cash purchase). Large sales by significant holders can be for many reasons (portfolio rebalancing, cash needs, etc.); the filing itself does not state the motive.
Insider Transaction Report
- Other
Class B Common Stock
[F1][F2]2026-04-30−2,000,000→ 0 total - Conversion
Class A Common Stock
[F2][F3]2026-04-30+2,000,000→ 2,000,000 total - Sale
Class A Common Stock
2026-04-30$70.75/sh−2,000,000$141,500,000→ 0 total - Conversion
Solaris Energy Infrastructure, LLC Units
[F2]2026-04-30−2,000,000→ 0 total→ Class A Common Stock (2,000,000 underlying)
Footnotes (3)
- [F1]Each share of Class B common stock, par value $0.00 per share ("Class B common stock") of Solaris Energy Infrastructure, Inc. (the "Issuer") has no economic rights but entitles the holder to one vote on all matters to be voted on by the stockholders generally.
- [F2]Subject to the terms of the Second Amended and Restated Limited Liability Company Agreement of Solaris Energy Infrastructure, LLC ("Solaris LLC"), dated as of May 11, 2017, as amended from time to time, included as Exhibit 10.1 to the Issuer's Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (the "SEC") on May 17, 2017, units of Solaris LLC ("Solaris LLC Units") (together with a corresponding number of shares of the Issuer's Class B common stock) are exchangeable from time to time for shares of the Issuer's Class A common stock, par value $0.01 per share ("Class A common stock"). The shares of Class B common stock reported herein were cancelled for no consideration on a one-for-one basis upon the redemption by the reporting persons of its Solaris LLC Units (together with a corresponding number of shares of Class B common stock) for the shares of Class A common stock reported herein.
- [F3]Represents securities held directly by KTR. John Tuma owns all of the issued and outstanding equity interests of KTR and has the sole authority to vote or dispose of the shares held by KTR in his sole discretion. Mr. Tuma may therefore be deemed to beneficially own the securities of the Issuer held directly by KTR.