APA Corp (APA) VP gets new RSUs, stock options in 2026 Form 4 filing

Rhea-AI Filing Summary

APA Corp reported an insider equity award for executive Robert P. Rayphole, its VP, CAO & Controller. On 01/06/2026, he received 10,034 restricted stock units, each representing one share of APA common stock. These units were granted under the employer plan and vest in three equal installments on 02/01/2027, 01/06/2028, and 01/06/2029, and are shown with a tandem tax withholding right. Following this grant, he held 18,336 derivative securities tied to restricted stock units.

On the same date, he was also granted a stock option award covering 16,384 shares of APA common stock at an exercise price of $23.88 per share. These options were granted under the employer plan and become exercisable ratably over three years beginning 01/06/2027. Both awards are reported as directly owned by the executive.

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

OMB APPROVAL

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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^*

Rayphole Robert P.

(Last) (First) (Middle)

2000 W SAM HOUSTON PKWY 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)
	VP CAO & Controller

3. Date of Earliest Transaction (Month/Day/Year)
01/06/2026

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

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(1)	$0(2)	01/06/2026		A		10,034		(3)	(3)	Common Stock	10,034	$0	18,336	D
Stock Option Grant	$23.88	01/06/2026		A		16,384		(4)	01/06/2036	Common Stock	16,384	$0	16,384	D

Explanation of Responses:

1. With tandem tax withholding right.

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

3. Restricted stock units granted 01/06/2026 under employer plan. The units vest equally over three years on 02/01/2027, 01/06/2028, and 01/06/2029.

4. Stock options granted 01/06/2026 under employer plan. The options become exercisable ratably over three years beginning 01/06/2027.

Remarks:

	Kyle W. Funderburk, Attorney-in-Fact for Robert P. Rayphole	01/08/2026
	** 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 insider transaction did APA (APA) report for Robert P. Rayphole?

APA Corp reported that Robert P. Rayphole, its VP, CAO & Controller, received equity compensation on 01/06/2026, including restricted stock units and a stock option grant, all reported as directly owned.

How many restricted stock units did APA executive Robert P. Rayphole receive?

He received 10,034 restricted stock units, each representing one share of APA common stock, granted on 01/06/2026 under the employer plan.

What is the vesting schedule for the APA restricted stock units granted on 01/06/2026?

The 10,034 restricted stock units vest in three equal installments on 02/01/2027, 01/06/2028, and 01/06/2029, as disclosed in the footnotes.

What stock options were granted to APA executive Robert P. Rayphole in this Form 4?

He was granted a stock option award on 01/06/2026 for 16,384 shares of APA common stock at an exercise price of $23.88 per share.

When do the APA stock options granted on 01/06/2026 become exercisable?

The stock options covering 16,384 shares become exercisable ratably over three years, beginning on 01/06/2027, according to the disclosure.

How many APA restricted stock units did Robert P. Rayphole hold after the reported transaction?

After the 10,034-unit grant on 01/06/2026, he beneficially owned 18,336 derivative securities tied to restricted stock units, reported as directly owned.

What does the tandem tax withholding right mean for the APA restricted stock units?

The filing notes the restricted stock units are granted "With tandem tax withholding right", indicating the award includes a mechanism to cover applicable taxes when shares are delivered.