Form 4: EIG Veteran Equity Aggregator Sells USA Compression Partners Units After Conversion

EIG Veteran Equity Aggregator, a 10% owner of USA Compression Partners, converted Series A preferred units into common units and subsequently sold a portion of those common units.

Summary

• On April 4, 2024, EIG Veteran Equity Aggregator, L.P., converted 11,771,825 Series A Perpetual Preferred Units into common units of USA Compression Partners, LP.
• Following the conversion, EIG Veteran Equity Aggregator sold 5,889,297 common units at a price of $25.12 per unit.
• After these transactions, EIG Veteran Equity Aggregator directly owns 5,882,528 common units.
• The Series A Perpetual Preferred Units are convertible into common units based on a formula involving the original acquisition price and accrued distributions, divided by $20.0115, subject to adjustments.
• All Series A Perpetual Preferred Units held by the Reporting Person are convertible as of April 2, 2023, and have no expiration date.

Sentiment

Score: 5

Explanation: The document is a regulatory filing detailing transactions. It doesn't inherently convey positive or negative sentiment, but the sale of shares could be interpreted neutrally or slightly negatively depending on the broader context.

Industry Context

This filing reflects a significant transaction by a major shareholder in USA Compression Partners, a company operating in the energy infrastructure sector. Such transactions are closely watched by investors as they can indicate the shareholder's view on the company's prospects.

Stakeholder Impact

• The sale of a significant number of common units could potentially impact the share price of USA Compression Partners, affecting shareholders.
• The conversion and sale transactions may be of interest to analysts and investors monitoring the company's ownership structure and financial health.

Key Dates