APA Corp (APA) CEO reports equity vesting, stock sale and tax withholding

Rhea-AI Filing Summary

APA Corp CEO John J. Christmann reported multiple equity-related transactions on 01/08/2026. Cash-settled restricted stock units equivalent to 15,005 shares and phantom stock units equivalent to 22,508 shares vested under the employer plans, each unit economically matching one share of common stock. Following these conversions, he acquired matching amounts of common stock at an exercise price of $0.

On the same date, he disposed of 15,005 common shares at a price of $25.37 per share and had 8,857 shares withheld at $25.37 to cover required tax withholding on the vesting. After these transactions, he directly held over 600,000 common shares, with additional indirect holdings through various trusts and benefit plans.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

CHRISTMANN JOHN J

(Last) (First) (Middle)

2000 W SAM HOUSTON PARKWAY S

SUITE 200

(Street)

HOUSTON TX 77042

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
APA Corp [ APA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/08/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/08/2026		M		15,005	A	$0(1)	628,713.95	D
Common Stock	01/08/2026		D(1)		15,005	D	$25.37	613,708.95	D
Common Stock	01/08/2026		M(2)		22,508	A	$0	636,216.95	D
Common Stock	01/08/2026		F(3)		8,857	D	$25.37	627,359.95	D
Common Stock								1,767.978	I	By JJC IV 1984 Trust
Common Stock								11,713.665	I	By JJC V 1998 Trust
Common Stock								11,713.665	I	By CAC 1998 Trust
Common Stock								11,713.665	I	By CEC 2003 Trust
Common Stock								200,859.699	I	Held by Trustee of NQ Plan
Common Stock								2,886.724	I	Held by Trustee of 401(k) Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock / Units(4)	$0(1)	01/08/2026		M			15,005	(5)	(5)	Common Stock	15,005	$0(1)	216,609	D
Restricted Stock / Units(4)	$0(6)	01/08/2026		M			22,508	(2)	(2)	Common Stock	22,508	$0	194,101	D

Explanation of Responses:

1. Each restricted stock unit is the economic equivalent of one share of the Issuer's common stock and can only be settled in cash.

2. Vesting on 01/08/2026 of restricted stock units under the employer plan. Vesting occurs ratably over three years.

3. Shares withheld to cover required tax withholding on vesting of restricted stock.

4. With tandem tax withholding right.

5. Vesting on 01/08/2026 of cash-based restricted stock units under employer plan. Vesting occurs ratably over three years.

6. One share of APA common stock for each phantom stock unit.

Remarks:

	Kyle W. Funderburk, Attorney-in-Fact for John J. Christmann	01/12/2026
	** 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 4 (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.
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FAQ

What insider activity did APA (APA) report for its CEO on 01/08/2026?

On 01/08/2026, APA Corp CEO John J. Christmann reported vesting of cash-settled restricted stock units and phantom stock units plus related common stock acquisitions and dispositions.

How many APA common shares were sold or withheld by the CEO in this Form 4?

He disposed of 15,005 common shares at $25.37 per share and had 8,857 shares withheld at $25.37 to cover tax obligations on vesting.

What equity awards vested for APA CEO John J. Christmann?

Awards included restricted stock units equivalent to 15,005 shares and phantom stock units equivalent to 22,508 shares, each economically equal to one share of APA common stock.

Are the APA restricted stock units reported by the CEO settled in stock or cash?

Each restricted stock unit is the economic equivalent of one share of APA common stock and can only be settled in cash, according to the footnotes.

What indirect APA share holdings are associated with the CEO in this filing?

Indirect holdings are reported through several trusts and plans, including JJC IV 1984 Trust, JJC V 1998 Trust, CAC 1998 Trust, CEC 2003 Trust, a nonqualified deferred compensation plan, and a 401(k) plan.

Does this APA Form 4 indicate the CEO is a 10% owner?

The filing identifies John J. Christmann as a director and officer (CEO) of APA Corp, and it does not mark him as a 10% owner.