Battalion Oil (BATL) COO sells 22,258 shares, reducing direct stake to zero

Rhea-AI Filing Summary

Battalion Oil Corp’s Chief Operating Officer Daniel P. Rohling reported selling a total of 22,258 shares of common stock in open-market transactions. On March 24, 2026, he sold 7,837 shares at a weighted average price of $9.04, with trade prices ranging from $9.03 to $9.27. On March 25, 2026, he sold 14,421 shares at a weighted average price of $5.99, with trade prices between $5.90 and $6.02. These were direct holdings, and following the transactions his reported common stock holdings were 0 shares, with no remaining derivative positions listed.

Insights

Equity governance analyst

COO executes open-market sales totaling 22,258 shares, reducing reported direct holdings to zero.

Daniel P. Rohling, Chief Operating Officer of Battalion Oil Corp, reported two open-market stock sales. He sold 7,837 shares of common stock at a weighted average price of $9.04 on March 24, 2026, then 14,421 shares at a weighted average of $5.99 on March 25, 2026.

The footnotes note that each day’s transactions were executed in multiple trades within specified price ranges, indicating normal brokerage execution rather than a single block trade. After these sales, his reported direct common stock ownership is 0 shares, and no remaining options or other derivatives are shown in the derivative summary.

Because the filing does not state his prior overall exposure or any trading plan, it is hard to gauge broader significance from this document alone. Future company filings may provide additional context on management’s equity incentives and any new awards that could rebuild insider ownership over time.

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^*

Rohling Daniel P

(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)
	Chief Operating Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/24/2026

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	03/24/2026		S		7,837	D	$9.04(1)	14,421	D
Common Stock	03/25/2026		S		14,421	D	$5.99(2)	0	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

Explanation of Responses:

1. The sales were executed in multiple trades at prices ranging from $9.03 to $9.27. The price reported reflects the weighted average sale price.

2. The sales were executed in multiple trades at prices ranging from $5.90 to $6.02. The price reported reflects the weighted average sale price.

	/s/ Walter R. Mayer, Attorney-in-fact	03/26/2026
	** 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)

FAQ

What insider transactions did Battalion Oil (BATL) report for COO Daniel P. Rohling?

Battalion Oil’s COO Daniel P. Rohling reported two open-market sales of common stock totaling 22,258 shares. He sold shares on March 24, 2026 and March 25, 2026, fully liquidating his reported direct common stock position according to this Form 4.

How many Battalion Oil (BATL) shares did the COO sell and at what prices?

Daniel P. Rohling sold 22,258 shares of Battalion Oil common stock. He sold 7,837 shares at a weighted average of $9.04 and 14,421 shares at a weighted average of $5.99, with each day’s trades executed across narrow price ranges.

Did the Battalion Oil (BATL) COO retain any shares after these Form 4 sales?

According to the Form 4, after selling 22,258 shares in two transactions, COO Daniel P. Rohling’s reported direct common stock holdings were 0 shares. The filing’s derivative section also shows no remaining options or other derivative securities for him.

Were the Battalion Oil (BATL) COO’s stock sales part of open-market transactions?

Yes. Both transactions are coded as “S” for open-market or private sales of non-derivative common stock. Footnotes state the shares were sold in multiple trades each day within specified price ranges, typical of open-market brokerage executions.

Does the Battalion Oil (BATL) Form 4 mention any trading plan for the COO’s sales?

The Form 4 describes the COO’s activity as open-market sales with weighted average prices and price ranges. It does not state that the transactions were executed under a Rule 10b5-1 trading plan or similar pre-arranged program in the provided text.