APA Corp (NASDAQ: APA) president logs stock sales, RSUs in Form 4

Rhea-AI Filing Summary

APA Corp president Stephen J. Riney reported multiple equity compensation transactions involving common stock and restricted stock units in early January 2026. On 01/02/2026, 47,767 restricted stock units were exercised into common stock at $0 per share and 47,767 common shares were disposed of at $25.36 per share, leaving 1.392 directly held shares from that block. On 01/04/2026, 5,030 and 7,545 restricted stock units were converted into common stock at $0, followed by dispositions of 5,030 shares at $25.36 and 2,969 shares withheld at $25.36 to cover taxes. Footnotes state certain restricted stock units are cash-settled and are the economic equivalent of one APA share. Riney also reports indirect ownership of 94,681.596 common shares held by a trustee of an NQ plan and 194,589 shares held by the Lisa Riney 2016 Family Trust.

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^*

Riney Stephen 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)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/02/2026

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	01/02/2026		M(1)		47,767	A	$0	47,768.392	D
Common Stock	01/02/2026		D(2)		47,767	D	$25.36	1.392	D
Common Stock	01/04/2026		M		5,030	A	$0(2)	5,031.392	D
Common Stock	01/04/2026		D(3)		5,030	D	$25.36	1.392	D
Common Stock	01/04/2026		M(4)		7,545	A	$0	7,546.392	D
Common Stock	01/04/2026		F(5)		2,969	D	$25.36	4,577.392	D
Common Stock								94,681.596	I	Held By Trustee of NQ Plan
Common Stock								194,589	I	Lisa Riney 2016 Family Trust

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(6)	$0(2)	01/02/2026		M			47,767	(1)	(1)	Common Stock	47,767	$0	99,913	D
Restricted Stock / Units(6)	$0(2)	01/04/2026		M			5,030	(3)	(3)	Common Stock	5,030	$0(2)	94,883	D
Restricted Stock / Units(6)	$0(7)	01/04/2026		M			7,545	(4)	(4)	Common Stock	7,545	$0	87,338	D

Explanation of Responses:

1. RSU vesting under 2022 Performance Program under 2016 Omnibus Equity Compensation Plan to be settled in cash only.

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

3. Vesting on 01/04/2026 of cash-based restricted stock units under the employer plan. Vesting occurs ratably over three years.

4. Vesting on 01/04/2026 of restricted stock units under the employer plan. Vesting occurs ratably over three years.

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

6. With tandem tax withholding right.

7. One share of APA common stock for each restricted stock unit.

Remarks:

	Kyle W. Funderburk, Attorney-in-Fact for Stephen J. Riney	01/06/2026
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did APA (APA) president Stephen J. Riney report in this Form 4?

The Form 4 reports that Stephen J. Riney, president of APA Corp, had restricted stock units vest and convert, with related acquisitions and sales of common stock on 01/02/2026 and 01/04/2026, including sales and share withholding to cover taxes.

How many APA common shares did Stephen J. Riney sell and at what price?

On 01/02/2026, Riney disposed of 47,767 common shares at $25.36 per share. On 01/04/2026, he disposed of 5,030 common shares at $25.36 per share, and an additional 2,969 shares were withheld at $25.36 to satisfy tax withholding on vesting.

What restricted stock unit (RSU) activity did APA disclose for Stephen J. Riney?

The filing shows RSU transactions labeled as M (exercise/vesting). On 01/02/2026, 47,767 restricted stock units were exercised. On 01/04/2026, blocks of 5,030 and 7,545 units were exercised. Footnotes explain that certain units are cash-based RSUs that vest under employer plans and that each unit is economically equivalent to one share of APA common stock.

What do the tax withholding transactions mean in Stephen J. Riney’s APA Form 4?

A transaction coded F on 01/04/2026 shows 2,969 APA common shares disposed of at $25.36 per share. A footnote clarifies these shares were withheld to cover required tax withholding arising from the vesting of restricted stock, rather than an open-market discretionary sale.

What indirect APA share holdings are reported for Stephen J. Riney?

The Form 4 lists indirect ownership of 94,681.596 APA common shares held by the Trustee of an NQ Plan, and 194,589 common shares held by the Lisa Riney 2016 Family Trust. These are reported with an indirect ownership designation.

How are APA restricted stock units described in this filing?

Footnotes state that each restricted stock unit is the economic equivalent of one share of APA common stock. Some RSUs under specified programs are described as cash-based and can only be settled in cash, while another footnote notes that there is one share of APA common stock for each restricted stock unit.