Company: RMIX
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001104659-25-110488
Chunk: 579

Company: Suncrete, Inc.
Filing Date: 2025-11-12
Form: S-4
Chunk 579
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 ​ 
 ​ | ​ 
 ​ | Number ofIncentive Units(in thousands) 
 ​                                      | ​ |      — | ​ | ​ 
 ​ | ​ 
 ​ | Weighted AverageGrant DateFair Value 
 ​                                    |   |    — | ​ | ​ 
 ​ |
|:--------------------------------|:--|:--|:---------------------------------------|:--|-------:|:--|:--|:--|:-------------------------------------|:--|-----:|:--|:--|
| Granted                         | ​ | ​ | ​                                      | ​ | 16,325 | ​ | ​ | ​ | ​                                    | ​ | 0.16 | ​ | ​ |
| Forfeited                       | ​ | ​ | ​                                      | ​ |      — | ​ | ​ | ​ | ​                                    | ​ |    — | ​ | ​ |
| Vested                          | ​ | ​ | ​                                      | ​ |      — | ​ | ​ | ​ | ​                                    | ​ |    — | ​ | ​ |
| Non-vested at December 31, 2024 | ​ | ​ | ​                                      | ​ | 16,325 | ​ | ​ | ​ | ​                                    | $ | 0.16 | ​ | ​ |

The Company applied a forfeiture rate of zero at the grant date, in line with its policy of recognizing forfeitures as they occur. For the period from May 22, 2024, through December 31, 2024, the Company recognized less than $100,000 in share-based compensation expense related to Incentive Units. This expense is included in Selling, general and administrative expenses within the Consolidated Statement of Operations. As of December 31, 2024, the Company had $2.6 million in unrecognized compensation cost related to the Incentive Units. This cost will be recognized on a straight-line basis through 2029. No share-based compensation expense was recognized in the Predecessor periods as the Predecessor did not have any share-based compensation. The grant date fair value of the Incentive Units was determined using an option pricing model, based on the value of the Company’s common units on a fully diluted basis. Significant assumptions used in this option pricing model include total equity value, expected term, expected volatility, expected distribution yield,

F-63

TABLE OF CONTENTS

NOTES TO CONSOLIDATED AND COMBINED FINANCIAL STATEMENTS and the risk-free interest rate. The total equity value was