BATL SVP exercises 8,855 RSUs into common stock

BATTALION OIL CORP senior vice president and general counsel Walter R. Mayer reported the vesting and exercise of a performance-based equity award rather than an open-market trade.

Rhea-AI Filing Summary

BATTALION OIL CORP senior vice president and general counsel Walter R. Mayer reported the vesting and exercise of a performance-based equity award rather than an open-market trade. He exercised 8,855 restricted stock units into an equivalent number of common shares, bringing his direct holding to 9,029 common shares.

The RSUs were granted on February 21, 2020 and vested after the board determined that specified performance metrics were satisfied on June 18, 2026. According to the disclosure, the shares underlying the award had not yet been issued as of the filing date, highlighting this as a compensation-related equity conversion with no reported share sale.

Insider Trade Summary

8,855 shares exercised/converted

Exercise 2 txns

Insider Mayer Walter R

Role SVP, General Counsel

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	8,855	$0.00	$0.00
Exercise	Common Stock	8,855	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit — 0 contracts (Direct); Common Stock — 9,029 shares (Direct)

Footnotes (1)

1. F1. The Reporting Person received an award of restricted stock units ("RSUs") granted on February 21, 2020. Each RSU represents a contingent right to receive one share of Issuer's common stock. Vesting of the award was contingent upon satisfaction of specified performance metrics over the applicable performance period. On June 18, 2026, the Issuer's Board of Directors determined that the applicable performance conditions were satisfied, resulting in vesting of the award. The shares underlying the award have not yet been issued as of the date of this filing.

Key Figures

RSUs exercised: 8,855 shares Common shares after transaction: 9,029 shares Derivative positions remaining: 0 RSUs

3 metrics

RSUs exercised 8,855 shares Restricted stock units converted to common stock on June 18, 2026

Common shares after transaction 9,029 shares Direct holdings following RSU exercise

Derivative positions remaining 0 RSUs Restricted stock unit balance after reported vesting and exercise

Key Terms

Restricted Stock Unit, derivative security, performance metrics, vesting

4 terms

Restricted Stock Unit financial

"The Reporting Person received an award of restricted stock units ("RSUs") granted on February 21, 2020."

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

derivative security financial

"transaction_code_description: Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

performance metrics financial

"Vesting of the award was contingent upon satisfaction of specified performance metrics over the applicable performance period."

Performance metrics are concrete numbers or ratios that show how well a business, product, or investment is doing—like speed, fuel use and mileage on a car’s dashboard. They measure things investors care about, such as sales growth, profitability, cash flow, customer retention or efficiency, so readers can compare progress, spot strengths or problems, and make informed decisions about buying, holding or selling shares.

vesting financial

"On June 18, 2026, the Issuer's Board of Directors determined that the applicable performance conditions were satisfied, resulting in vesting of the award."

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did BATL executive Walter R. Mayer report?

Walter R. Mayer reported a compensation-related equity event, exercising 8,855 restricted stock units into common stock. This increased his direct holdings to 9,029 common shares, with no open-market purchase or sale disclosed in this filing.

Did the BATL Form 4 show any insider share sales by Walter R. Mayer?

The Form 4 does not show any share sales by Walter R. Mayer. It reports the vesting and exercise of 8,855 restricted stock units into common stock, a compensation-related conversion, with no sale transactions listed in the disclosure.

How many Battalion Oil (BATL) shares does Walter R. Mayer hold after this transaction?

After the restricted stock units vested and were exercised, Walter R. Mayer is shown holding 9,029 common shares directly. This total reflects the addition of 8,855 shares from the RSU award reported in the Form 4 filing.

What triggered the vesting of Walter R. Mayer’s restricted stock units at BATL?

The vesting was triggered when Battalion Oil’s board determined that specified performance conditions had been satisfied. On June 18, 2026, this decision caused 8,855 restricted stock units granted in 2020 to vest and convert into rights to receive common shares.

Were the shares from Walter R. Mayer’s RSU award issued as of the BATL filing date?

The filing states that shares underlying the RSU award had not yet been issued as of the filing date. The Form 4 records the vesting and exercise event, while actual share issuance remains pending according to the footnote disclosure.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 06/23/2026 - 07:32 PM EDT 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^*

Mayer Walter R

(Last) (First) (Middle)

820 GESSNER ROAD

SUITE 1100

(Street)

HOUSTON TEXAS 77024

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
BATTALION OIL CORP [ BATL ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, General Counsel

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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

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	06/18/2026		M		8,855	A	$0.00	9,029	D

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 Unit	(1)	06/18/2026		M			8,855	(1)	(1)	Common Stock	8,855	$0.00	0	D

Explanation of Responses:

1. The Reporting Person received an award of restricted stock units ("RSUs") granted on February 21, 2020. Each RSU represents a contingent right to receive one share of Issuer's common stock. Vesting of the award was contingent upon satisfaction of specified performance metrics over the applicable performance period. On June 18, 2026, the Issuer's Board of Directors determined that the applicable performance conditions were satisfied, resulting in vesting of the award. The shares underlying the award have not yet been issued as of the date of this filing.

	/s/ Walter Mayer	06/23/2026
	** 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.
* Form 4: SEC 1474 (03-26)