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ERock (EROC) director discloses 580,107 underlying Class A share units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

ERock, Inc. director Dan Brouillette filed an initial Form 3 reporting derivative holdings. He holds Class M Units that are profits interests in ER Holdings, which are convertible into Class B Units and ultimately into Class A Common Stock of ERock.

These Class M Units are tied to 580,107 underlying shares of Class A Common Stock at an exercise price of $0.1500 per underlying share. According to the disclosure, 176,880 Class M Units have vested, and the remaining units vest in 25 equal monthly installments from June 18, 2026 through June 18, 2028, subject to his continuous service.

Positive

  • None.

Negative

  • None.
Insider Brouillette Dan
Role null
Type Security Shares Price Value
holding Class M Units -- -- --
Holdings After Transaction: Class M Units — 580,107 shares (Direct, null)
Footnotes (1)
  1. Reflect Class M Units ("Class M Units") of ER Holdings, which are "profits interests" for U.S. federal income tax purposes. Vested Class M Units are convertible, at the holder's option, into a number of Class B Units generally equal to the product of (a) the number of vested Class M Units to be converted, and (b) a fraction, the numerator of which is the amount that would be distributed in respect of the vested Class M Unit (taking into account the applicable threshold amount), and the denominator of which is the amount that would be distributed in respect of a Class B Unit, in each case if, immediately before the exchange, ER Holdings were to sell all of its assets for their fair market values, pay any liabilities, and distribute the proceeds available for distribution, subject to certain adjustments. Class M Units have no expiration date. Class B Units are exchangeable, at the holder's option, on a one-for-one basis for shares of Class A Common Stock of the Issuer or cash (at the Issuer's election). 176,880 of these Class M Units have vested, and the remaining Class M Units vest in 25 equal monthly installments on the 18th day of each calendar month commencing June 18, 2026 and ending June 18, 2028, subject to the Reporting Person's continuous service to the Issuer.
Underlying Class A shares 580,107 shares Underlying shares tied to Class M Units
Exercise price $0.1500 per share Conversion or exercise price for Class M Units
Vested Class M Units 176,880 units Class M Units already vested
Vesting schedule duration 25 monthly installments From June 18, 2026 to June 18, 2028
Total Class M Units position 580,107 units Total derivative position following reported holding
Class M Units financial
"Reflect Class M Units ("Class M Units") of ER Holdings, which are "profits interests""
profits interests financial
"Class M Units of ER Holdings, which are "profits interests" for U.S. federal income tax purposes"
Class B Units financial
"Vested Class M Units are convertible, at the holder's option, into a number of Class B Units"
Class A Common Stock financial
"Class B Units are exchangeable, at the holder's option, on a one-for-one basis for shares of Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
vesting financial
"176,880 of these Class M Units have vested, and the remaining Class M Units vest in 25 equal monthly installments"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
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SEC Form 3
FORM 3UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0104
Estimated average burden
hours per response:0.5
1. Name and Address of Reporting Person*
Brouillette Dan
(Last)(First)(Middle)
C/O EROCK, INC.
1113 VINE STREET, SUITE 101
(Street)
HOUSTON TEXAS 77002
(City)(State)(Zip)
UNITED STATES
(Country)		2. Date of Event Requiring Statement (Month/Day/Year)
06/09/2026		3. Issuer Name and Ticker or Trading Symbol
ERock, Inc. [ EROC ]
3a. Foreign Trading Symbol
5. If Amendment, Date of Original Filed (Month/Day/Year)
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year)3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Class M Units (1)(2)(3) (1)(2)(3)Class A Common Stock580,107$0.15(1)(2)(3)D
Explanation of Responses:
1. Reflect Class M Units ("Class M Units") of ER Holdings, which are "profits interests" for U.S. federal income tax purposes. Vested Class M Units are convertible, at the holder's option, into a number of Class B Units generally equal to the product of (a) the number of vested Class M Units to be converted, and (b) a fraction, the numerator of which is the amount that would be distributed in respect of the vested Class M Unit (taking into account the applicable threshold amount), and the denominator of which is the amount that would be distributed in respect of a Class B Unit, in each case if, immediately before the exchange, ER Holdings were to sell all of its assets for their fair market values, pay any liabilities, and distribute the proceeds available for distribution, subject to certain adjustments. Class M Units have no expiration date.
2. Class B Units are exchangeable, at the holder's option, on a one-for-one basis for shares of Class A Common Stock of the Issuer or cash (at the Issuer's election).
3. 176,880 of these Class M Units have vested, and the remaining Class M Units vest in 25 equal monthly installments on the 18th day of each calendar month commencing June 18, 2026 and ending June 18, 2028, subject to the Reporting Person's continuous service to the Issuer.
Remarks:
Exhibit 24 - Power of Attorney
/s/ Davis Zapffe, Attorney-in-fact for Dan R. Brouillette06/09/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What does ERock (EROC) director Dan Brouillette report on this Form 3?

Dan Brouillette reports his initial holdings of Class M Units, which are derivative interests tied to ERock’s Class A Common Stock. These units represent profits interests in ER Holdings and are convertible into equity under specified conditions.

How many ERock (EROC) underlying shares are associated with Brouillette’s Class M Units?

The Class M Units are tied to 580,107 underlying shares of ERock’s Class A Common Stock. This figure reflects the number of Class A shares generally issuable upon the full conversion path described in the disclosure.

What is the exercise price of the Class M Units reported for ERock (EROC)?

The Class M Units have an exercise price of $0.1500 per underlying share of Class A Common Stock. This price is referenced as the conversion or exercise price associated with the derivative position held by Dan Brouillette.

How many of ERock (EROC) director Brouillette’s Class M Units are vested?

The disclosure states that 176,880 of the Class M Units have vested. These vested units can participate in the conversion mechanism outlined, subject to the distribution-based formula and other conditions described in the footnotes.

What is the vesting schedule for the unvested Class M Units at ERock (EROC)?

The remaining Class M Units vest in 25 equal monthly installments on the 18th day of each month from June 18, 2026 through June 18, 2028. Vesting is conditioned on Dan Brouillette’s continuous service to the company.

How do Class M Units eventually relate to ERock (EROC) Class A Common Stock?

Vested Class M Units can be converted into Class B Units based on a distribution formula. Class B Units are then exchangeable, at the holder’s option, one-for-one into ERock Class A Common Stock or cash, at the issuer’s election.