Andrew Heyer details Suncrete (RMIX) stake, RSUs and warrants
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Suncrete, Inc. director Andrew R. Heyer filed an initial ownership report showing interests in the company’s securities. The filing lists 3,564,267 shares of Class A Common Stock and 75,000 private placement warrants held indirectly through Haymaker Sponsor IV, LLC, where he is a managing member and disclaims beneficial ownership except for his pecuniary interest.
He also holds 200,000 restricted stock units (RSUs) awarded at the closing of a business combination agreement dated October 9, 2025. These RSUs vest in two equal installments on the first and second anniversaries of the grant date, conditioned on his continued service. Each warrant is exercisable for Class A Common Stock at an exercise price of $11.50 per share and expires on April 8, 2031.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
HEYER ANDREW R
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Private Placement Warrants | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Private Placement Warrants — 75,000 shares (Indirect, By Haymaker Sponsor IV, LLC);
Restricted Stock Units — 200,000 shares (Direct);
Class A Common Stock — 3,564,267 shares (Indirect, By Haymaker Sponsor IV, LLC)
Footnotes (1)
- Consists of shares and private placement warrants held by Haymaker Sponsor IV, LLC ("Haymaker Sponsor"). Mr. Heyer is a managing member of Haymaker Sponsor and may be deemed to have beneficial ownership of the securities held directly by Haymaker Sponsor. Mr. Heyer disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. This report shall not be deemed an admission that Mr. Heyer is the beneficial owner of such securities for purposes of Sections 13 and 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. Represents restricted stock units ("RSUs") of the Issuer awarded to Mr. Heyer upon closing of business combination agreement, dated as of October 9, 2025, by and between the Issuer and Haymaker Acquisition Corp. 4, among others. The RSUs will vest in two equal installments, with one-half vesting on each of the first two anniversaries of the date of grant, provided that Mr. Heyer is providing certain services to the Issuer through such date.
Key Figures
Indirect Class A shares: 3,564,267 shares
Restricted stock units: 200,000 RSUs
Private placement warrants: 75,000 warrants
+3 more
6 metrics
Indirect Class A shares
3,564,267 shares
Class A Common Stock held by Haymaker Sponsor IV, LLC
Restricted stock units
200,000 RSUs
Awarded to Andrew Heyer at business combination closing
Private placement warrants
75,000 warrants
Held indirectly via Haymaker Sponsor IV, LLC
Warrant exercise price
$11.50 per share
Exercise price for private placement warrants into Class A stock
Warrant expiration
April 8, 2031
Expiration date of private placement warrants if unexercised
RSU vesting schedule
Two equal installments
Vesting on first two anniversaries of grant date, service-based
Key Terms
Restricted Stock Units, Private Placement Warrants, beneficial ownership, pecuniary interest, +1 more
5 terms
Restricted Stock Units financial
"Represents restricted stock units ("RSUs") of the Issuer awarded to Mr. Heyer"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Private Placement Warrants financial
"Consists of shares and private placement warrants held by Haymaker Sponsor IV, LLC"
Private placement warrants are tradable coupons given directly to a limited group of investors that let the holder buy a company's shares at a fixed price before a set expiration date. They matter to investors because they can provide extra upside if the stock rises and give companies a way to raise money outside a public offering, but they also can increase the number of shares outstanding (dilution) and therefore affect share value and investor returns.
beneficial ownership financial
"may be deemed to have beneficial ownership of the securities held directly"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein"
business combination agreement financial
"awarded to Mr. Heyer upon closing of business combination agreement, dated as of October 9, 2025"
A business combination agreement is a detailed contract that lays out the terms for two companies to join together—covering price, how ownership will be split, the steps needed to close the deal, and what each side promises to do or avoid before closing. For investors it matters because the agreement determines potential changes in value, control, timing, and risk exposure—think of it like the playbook for a merger that shows who wins, who pays, and what could still derail the plan.
FAQ
What did Andrew R. Heyer report owning in Suncrete (RMIX)?
Andrew R. Heyer reported indirect interests in 3,564,267 shares of Suncrete Class A Common Stock and 75,000 private placement warrants via Haymaker Sponsor IV, LLC, plus 200,000 restricted stock units (RSUs) awarded directly in connection with a prior business combination agreement.
What are the terms of Andrew Heyer’s 200,000 RSUs in Suncrete (RMIX)?
Heyer’s 200,000 restricted stock units were granted at closing of an October 9, 2025 business combination agreement. They vest in two equal installments on the first and second anniversaries of the grant date, provided he continues to provide specified services to Suncrete.
What are the key details of the private placement warrants reported for Suncrete (RMIX)?
The filing lists 75,000 private placement warrants held indirectly through Haymaker Sponsor IV, LLC. Each warrant is exercisable for Suncrete Class A Common Stock at an exercise price of $11.50 per share and carries an expiration date of April 8, 2031, if not earlier exercised.
Does Andrew Heyer disclaim beneficial ownership of some Suncrete (RMIX) securities?
Yes. The footnote explains that securities are held by Haymaker Sponsor IV, LLC, and Heyer, as a managing member, may be deemed a beneficial owner but expressly disclaims beneficial ownership, except to the extent of his pecuniary interest, for purposes of Sections 13 and 16 of the Exchange Act.