APA CEO Christmann sells 72,170 shares at $25.36

APA Corp CEO and director John J. Christmann reported multiple equity compensation moves on January 28, 2026.

Rhea-AI Filing Summary

APA Corp CEO and director John J. Christmann reported multiple equity compensation moves on January 28, 2026. He received 144,342 restricted stock units (RSUs) under the 2023 Performance Program, which are each economically equivalent to one share but can only be settled in cash.

On the same date, 72,170 RSUs were exercised, generating an equivalent number of common shares at $0 per share, and those 72,170 common shares were then sold at $25.36 per share. After these transactions, he directly owned 627,359.95 common shares, with additional indirect holdings through several trusts and benefit plans.

Insider Trade Summary

72,170 shares exercised/converted

Exercise 10 txns

Insider CHRISTMANN JOHN J

Role CEO

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock / Units	144,342	$0.00	$0.00
Exercise	Restricted Stock / Units	72,170	$0.00	$0.00
Exercise	Common Stock	72,170	$0.00	$0.00
Disposition	Common Stock	72,170	$25.36	$1.83M
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock / Units — 266,273 contracts (Direct); Common Stock — 627,359.95 shares (Direct); Common Stock — 1,767.978 shares (Indirect, By JJC IV 1984 Trust); Common Stock — 11,713.665 shares (Indirect, By JJC V 1998 Trust); Common Stock — 11,713.665 shares (Indirect, By CAC 1998 Trust); Common Stock — 11,713.665 shares (Indirect, By CEC 2003 Trust); Common Stock — 200,859.699 shares (Indirect, Held by Trustee of NQ Plan); Common Stock — 2,886.724 shares (Indirect, Held by Trustee of 401(k) Plan)

Footnotes (4)

1. F1. RSU vesting under 2023 Performance Program under 2016 Omnibus Compensation Plan to be settled in cash only.
2. F2. 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. F3. With tandem tax withholding right.
4. F4. 2023 Performance Program under 2016 Omnibus Compensation Plan with performance period ended 12/31/2025. Final number of RSUs determined on 01/28/2026.

FAQ

What insider transactions did APA (APA) CEO John J. Christmann report?

Christmann reported RSU awards, an RSU exercise, and a share sale. He received 144,342 cash-settled RSUs, exercised 72,170 RSUs into common stock at $0, then sold 72,170 common shares at $25.36 per share on January 28, 2026.

How many APA Corp RSUs were granted to the CEO in this Form 4?

The CEO was granted 144,342 restricted stock units (RSUs). These RSUs were issued under APA’s 2023 Performance Program in the 2016 Omnibus Compensation Plan and are economically equivalent to common shares but are required to be settled in cash only, not stock.

Were the APA CEO’s restricted stock units settled in shares or cash?

The reported restricted stock units can only be settled in cash. Each RSU represents the economic value of one APA common share, but the filing states explicitly that vesting under the 2023 Performance Program will be settled in cash rather than issuing actual shares.

How many APA common shares did the CEO sell and at what price?

The CEO sold 72,170 APA common shares at $25.36 per share. These shares came from the exercise of 72,170 restricted stock units at $0 per share on January 28, 2026, and were then disposed of in a same-day sale transaction.

What is the APA CEO’s direct common stock holding after these transactions?

After the reported transactions, Christmann directly held 627,359.95 common shares. This reflects the effect of both the acquisition of 72,170 shares via RSU exercise at $0 and the subsequent sale of the same 72,170 shares at $25.36 per share.

Does the APA CEO have additional indirect holdings reported in this Form 4?

Yes, the Form 4 lists several indirect holdings. These include common shares held by multiple family trusts, as well as shares held by trustees of a nonqualified (NQ) plan and a 401(k) plan, each shown with specific fractional share amounts outstanding.

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Accepted by SEC EDGAR 01/29/2026 - 04:21 PM Learn about SEC filing dates

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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)
01/28/2026

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	01/28/2026		M(1)		72,170	A	$0	699,529.95	D
Common Stock	01/28/2026		D(2)		72,170	D	$25.36	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(3)	$0(2)	01/28/2026		A		144,342		(4)	(4)	Common Stock	144,342	$0	338,443	D
Restricted Stock / Units(3)	$0(2)	01/28/2026		M			72,170	(1)	(1)	Common Stock	72,170	$0	266,273	D

Explanation of Responses:

1. RSU vesting under 2023 Performance Program under 2016 Omnibus 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. With tandem tax withholding right.

4. 2023 Performance Program under 2016 Omnibus Compensation Plan with performance period ended 12/31/2025. Final number of RSUs determined on 01/28/2026.

Remarks:

	Kyle W. Funderburk, Attorney-in-Fact for John J. Christmann	01/29/2026
	** 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).
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