Mel Williams, a director and 10% owner of Ridgepost Capital, Inc., filed a Form 4 on September 4, 2026, reporting Class B Common Stock conversions into Class A Common Stock that occurred on September 3, 2026.

Key Highlights

  • Williams Trust conversion: The Mel Williams Irrevocable Trust u/a/d August 12, 2015 converted 4,294,856 shares of Class B Common Stock into an equivalent number of Class A Common Stock on September 3, 2026.
  • MAW Management conversion: MAW Management Co. converted 104,698 shares of Class B Common Stock into an equivalent number of Class A Common Stock on the same date.
  • Post-transaction ownership: Following the conversions, the Williams Trust holds 8,313,851 shares of Class A Common Stock indirectly, and MAW Management Co. holds 104,698 shares of Class A Common Stock indirectly.
  • Direct holdings: The reporting person holds 154,137 shares of Class A Common Stock directly, listed as disposed in Table I per the filing.
  • Dual-class structure: According to the filing, holders of Class B Common Stock may elect to convert such shares on a one-for-one basis into Class A Common Stock at any time.

Class B to Class A Conversions by Williams-Affiliated Entities at Ridgepost Capital

According to the filing, Ridgepost Capital, Inc. (NYSE:RPC) maintains a dual-class common stock structure under which Class B shares carry conversion rights into Class A shares on a one-for-one basis. The reporting person, Mel Williams, is identified as both a director and a 10% owner of the issuer. The transactions reported were coded as "C," indicating conversions rather than open-market purchases or sales.

The filing states that The Mel Williams Irrevocable Trust u/a/d August 12, 2015 converted 4,294,856 Class B shares into Class A shares, with Alliance Trust Company serving as trustee. Separately, MAW Management Co. converted 104,698 Class B shares into Class A shares. Both conversion transactions were executed on September 3, 2026. The filing notes that following these transactions, both entities hold zero remaining Class B shares in their respective indirect ownership positions.

The filing also details a "Sunset" mechanism: Class B shares automatically convert into Class A shares upon the earlier of certain triggering events, including the Sunset Holders ceasing to maintain direct or indirect beneficial ownership of 10% of outstanding Class A shares (calculated assuming full Class B conversion), collectively falling below 25% of aggregate voting power, or the tenth anniversary of the effective date of the company's amended and restated certificate of incorporation. Mel Williams disclaims beneficial ownership of the securities reported for the Williams Trust and MAW Management Co., except to the extent of his pecuniary interest, as stated in the filing.

What Was Disclosed

The Form 4 filed by Mel Williams on September 4, 2026 reports two separate Class B to Class A Common Stock conversions by affiliated entities on September 3, 2026, covering 4,294,856 shares via the Williams Trust and 104,698 shares via MAW Management Co., with zero Class B shares remaining in each vehicle.