ERock (EROC) COO details Class M units linked to Class A shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

ERock, Inc. Chief Operating Officer Paul Froutan has reported his existing derivative holdings in Class M Units tied to Class A Common Stock. These Class M Units are profits interests in ER Holdings and are convertible into Class B Units, which are in turn exchangeable one-for-one for Class A Common Stock or cash at the issuer’s election.

Some Class M Units are fully vested, while others vest in equal monthly installments between late June 2026 and November 2028, contingent on Froutan’s continued service to the company. The filing does not show new purchases or sales but establishes his initial beneficial ownership position.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Froutan Paul

Role Chief Operating Officer

Type	Security	Shares	Price	Value
holding	Class M Units	--	--	--
holding	Class M Units	--	--	--
holding	Class M Units	--	--	--
holding	Class M Units	--	--	--

Holdings After Transaction: Class M Units — 1,927,196 shares (Direct, null)

Footnotes (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). These Class M Units are fully vested. 389,736 of these Class M Units have vested, and the remaining Class M Units vest in 24 equal monthly installments on the last day of each calendar month commencing June 2026 and ending May 2028, subject to the Reporting Person's continuous service to the Issuer. 483,558 of these Class M Units have vested, and the remaining Class M Units vest in 26 equal monthly installments commencing June 28, 2026 and ending July 28, 2028, subject to the Reporting Person's continuous service to the Issuer. 210,188 of these Class M Units have vested, and the remaining Class M Units vest in 30 equal monthly installments commencing June 26, 2026 and ending November 26, 2028, subject to the Reporting Person's continuous service to the Issuer.

Key Figures

Underlying Class A shares at $1.61: 1,261,147 shares Underlying Class A shares at $0.95: 1,740,823 shares Underlying Class A shares at $0.15 (grant 1): 519,648 shares +4 more

7 metrics

Underlying Class A shares at $1.61 1,261,147 shares Underlying shares for Class M Units with $1.6100 exercise price

Underlying Class A shares at $0.95 1,740,823 shares Underlying shares for Class M Units with $0.9500 exercise price

Underlying Class A shares at $0.15 (grant 1) 519,648 shares Underlying shares for one Class M Unit tranche at $0.1500

Underlying Class A shares at $0.15 (grant 2) 1,927,196 shares Underlying shares for another Class M Unit tranche at $0.1500

Already vested units (grant 1) 389,736 units Portion of a Class M Unit grant already vested

Already vested units (grant 2) 483,558 units Portion of another Class M Unit grant already vested

Already vested units (grant 3) 210,188 units Portion of a third Class M Unit grant already vested

Key Terms

Class M Units, profits interests, Class B Units, Class A Common Stock, +2 more

6 terms

Class M Units financial

"Reflect Class M Units ("Class M Units") of ER Holdings, which are "profits interests" for U.S. federal income tax purposes."

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 generally equal to the product of..."

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 of the Issuer or cash."

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.

vested financial

"389,736 of these Class M Units have vested, and the remaining Class M Units vest in 24 equal monthly installments..."

equal monthly installments financial

"the remaining Class M Units vest in 24 equal monthly installments on the last day of each calendar month commencing June 2026 and ending May 2028"

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Understanding Insider Trading Forms →

06/09/2026 - 09:33 PM

SEC Form 3

FORM 3

UNITED 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^*

Froutan Paul

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Operating Officer

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	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)
Class M Units	⁽¹⁾⁽²⁾⁽³⁾	⁽¹⁾⁽²⁾⁽³⁾	Class A Common Stock	1,927,196	$0.15⁽¹⁾⁽²⁾⁽³⁾	D
Class M Units	⁽¹⁾⁽²⁾⁽⁴⁾	⁽¹⁾⁽²⁾⁽⁴⁾	Class A Common Stock	519,648	$0.15⁽¹⁾⁽²⁾⁽⁴⁾	D
Class M Units	⁽¹⁾⁽²⁾⁽⁵⁾	⁽¹⁾⁽²⁾⁽⁵⁾	Class A Common Stock	1,740,823	$0.95⁽¹⁾⁽²⁾⁽⁵⁾	D
Class M Units	⁽¹⁾⁽²⁾⁽⁶⁾	⁽¹⁾⁽²⁾⁽⁶⁾	Class A Common Stock	1,261,147	$1.61⁽¹⁾⁽²⁾⁽⁶⁾	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. These Class M Units are fully vested.

4. 389,736 of these Class M Units have vested, and the remaining Class M Units vest in 24 equal monthly installments on the last day of each calendar month commencing June 2026 and ending May 2028, subject to the Reporting Person's continuous service to the Issuer.

5. 483,558 of these Class M Units have vested, and the remaining Class M Units vest in 26 equal monthly installments commencing June 28, 2026 and ending July 28, 2028, subject to the Reporting Person's continuous service to the Issuer.

6. 210,188 of these Class M Units have vested, and the remaining Class M Units vest in 30 equal monthly installments commencing June 26, 2026 and ending November 26, 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 Paul Froutan	06/09/2026
	** Signature of Reporting Person	Date
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) COO Paul Froutan report in this Form 3?

Paul Froutan reports existing holdings of Class M Units, which are profits interests convertible into Class B Units and ultimately into Class A Common Stock or cash. The filing establishes his initial beneficial ownership position as Chief Operating Officer.

What are the Class M Units reported by ERock (EROC) COO Paul Froutan?

The Class M Units are profits interests in ER Holdings. Vested Class M Units can convert into Class B Units based on distribution formulas, and those Class B Units are exchangeable one-for-one for ERock’s Class A Common Stock or cash, at the issuer’s election.

Are any of Paul Froutan’s Class M Units in ERock (EROC) fully vested?

Yes. One tranche of Class M Units is described as fully vested. Other tranches are partially vested today and continue to vest over time, subject to Froutan’s continuous service to ERock as Chief Operating Officer under the disclosed schedules.

What future vesting schedule is disclosed for ERock (EROC) COO Paul Froutan’s Class M Units?

The filing states that 389,736, 483,558 and 210,188 Class M Units are already vested within separate grants. The remaining units in those grants vest in equal monthly installments from June 2026 through dates in 2028, contingent on his ongoing service.

Does the ERock (EROC) Form 3 show Paul Froutan buying or selling shares?

No. The Form 3 lists holdings and derivative positions rather than new market transactions. Summary data show zero buy or sell transactions, indicating this filing is an initial ownership report for regulatory disclosure purposes, not a record of trades.

How can Paul Froutan’s Class M Units in ERock (EROC) ultimately convert into Class A Common Stock?

Vested Class M Units can convert into Class B Units using a distribution-based formula. Each Class B Unit is then exchangeable, at the holder’s option, into either one share of Class A Common Stock or cash, with the choice made by ERock.