Every Form 4 that Battalion Oil Corporation (BATL) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow BATL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BATL filings page.
BATTALION OIL CORP (BATL) director Gregory S. Hinds reported an open-market purchase of common stock. On 2026-08-27, he bought 14,400 shares at $1.31 per share, increasing his directly held position to 26,001 shares of Battalion Oil Corp common stock. The Rule 10b5-1 trading plan box was not checked for this transaction.
BATTALION OIL CORP (BATL) director William D. Rogers reported an open-market purchase of 70,000 shares of common stock on 2026-08-26 at a weighted average price of $1.3024 per share, from $1.2950 to $1.3100. Following this transaction, he holds 72,000 shares directly and an additional 2,000 shares indirectly in an individual retirement account.
BATTALION OIL CORP (BATL) reported that Walter R. Mayer, SVP and General Counsel, sold 6,479 shares of common stock on August 26, 2026 in an open-market or private transaction at a weighted average price of $1.302 per share, with trade prices ranging from $1.3000 to $1.3050. These shares were acquired upon settlement of restricted stock units granted on February 20, 2020 under the company’s equity incentive plan, and were approved by the Board of Directors under Rule 16b-3. After this sale, Mayer directly holds 174 shares of BATL common stock.
Gen IV Investment Opportunities, LLC, a more-than-10% holder of Battalion Oil, entered into a Preferred Stock Repurchase and Conversion Agreement with the company on August 7, 2026. Battalion Oil repurchased 5,138 Series A and 6,578.11 Series A-1 Redeemable Convertible Preferred shares from Gen IV for an aggregate $19,000,000. In the same agreement, 1,231.89 Series A-1, 6,630 Series A-2, 3,789 Series A-3 and 3,789 Series A-4 preferred shares were converted into an aggregate of 3,494,259 common shares, with no additional consideration paid. LSP Generation IV, LSP Investment Advisors and Paul Segal report these transactions but disclaim beneficial ownership except to the extent of their pecuniary interest.
Battalion Oil Corp Chief Operating Officer Daniel P. Rohling reported equity compensation activity. On July 15, 2026 he received 256,887 restricted stock units (RSUs), each representing one share of common stock, vesting in four equal annual installments beginning July 15, 2027. On July 16, 2026, 6,468 common shares were withheld at $1.20 per share to cover tax obligations upon settlement of vested RSUs, leaving him with 20,096 directly held common shares.
Steele Matthew reported acquisition or exercise transactions in this Form 4 filing.
Battalion Oil Corp reported that Chief Executive Officer Matthew Steele received a grant of 283,100 restricted stock units on July 15, 2026. Each RSU represents a contingent right to receive one share of common stock. The award vests in four equal annual installments beginning July 15, 2027, and results in a directly held RSU position of 283,100 units.
Battalion Oil Corp SVP and General Counsel Walter R. Mayer reported two equity-related transactions. On July 16, 2026, 2,376 common shares were withheld at $1.20 per share to satisfy tax withholding obligations on vested RSUs, leaving 6,653 common shares held directly. On July 15, 2026, he received a grant of 83,880 restricted stock units, each representing a contingent right to one common share, vesting in four equal annual installments beginning July 15, 2027.
Martin Charles E reported acquisition or exercise transactions in this Form 4 filing.
Battalion Oil Corp reported that VP, Controller Charles E. Martin received a grant of 68,154 restricted stock units (RSUs) on July 15, 2026. Each RSU represents one share of common stock and vests in four equal annual installments beginning July 15, 2027. Following the award, Martin directly holds 68,154 RSUs.
Battalion Oil Corp’s Chief Operating Officer Daniel P. Rohling reported the vesting and exercise of a performance-based equity award. On June 18, 2026, 26,564 restricted stock units granted on February 21, 2020 vested after the board confirmed that required performance metrics were met.
Each RSU converts into one share of common stock, resulting in 26,564 shares of common stock reported as directly owned following the transaction. The footnote clarifies that the shares underlying the award had not yet been formally issued as of the filing date, and no open‑market buying or selling occurred.
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.
Battalion Oil Corp major holder restructures indirect holdings for certain fund investors. Luminus Energy Partners Master Fund, Ltd. reported an "other" transaction involving 379,559 shares of Battalion common stock on April 2, 2026, as part of a broader 5,200,000-share in-kind distribution among its feeder funds and affiliates. A portion of these shares, called Segregated Shares, is held by the Master Fund for the benefit of non-responding certificate holders, over which it retains voting and disposition power but no economic interest.
Battalion Oil Corp’s major holder Luminus Energy Partners Master Fund, Ltd., advised by Luminus Management LLC and associated with Jonathan Barrett, reported a series of conversions and open‑market sales in the company’s common stock and related instruments.
On March 30, 2026, the Master Fund converted 7,803 Series A‑2 Redeemable Convertible Preferred Shares into 1,800,000 common shares at a conversion price of $6.21, then sold 681,105 common shares at a weighted average price of about $5.59. It also sold cash‑settled total return swaps providing exposure to an aggregate of 144,621 notional common shares, relinquishing all rights under those swap agreements. On March 31, 2026, the Master Fund sold an additional 1,209,377 common shares in two series of transactions at weighted average prices around $3.85 and $4.33. After one of the large sales, an indirect position of 1,415,885 common shares remained. The Master Fund continues to hold certain “Segregated Shares” for the benefit of non‑responding certificate holders and has no economic interest in those particular shares. Each reporting person disclaims beneficial ownership except to the extent of its or his pecuniary interest.
Battalion Oil Corp insider entities led by Luminus reported an internal restructuring transaction rather than an open-market trade. On March 24, 2026, Luminus Energy Partners Master Fund, Ltd. effected a distribution in kind of Battalion common stock to affiliated feeder funds and certificate holders pursuant to previously issued illiquid certificates. A portion of shares, defined as Segregated Shares, remains in the Master Fund because certain certificate holders did not or could not receive their stock; the Master Fund retains voting and disposition power over these shares but no economic interest, holding them for the benefit of those investors. Following this non-derivative "J" code transaction, the Master Fund is reported as indirectly holding 2,096,990 Battalion common shares.
Luminus-affiliated funds reported administrative changes in how they hold Battalion Oil common stock for certain investors. The Master Fund previously set aside 1,145,542 “Segregated Shares” for certificate holders who had not completed requirements to receive them. Between April 9 and May 21, 2026, the Master Fund distributed 557,494 of these segregated shares in several tranches, including 384,282 shares on May 21, 2026, to investors who later provided information.
As of this filing, 208,489 segregated shares remain held by the Master Fund for the benefit of remaining non‑responding investors. The Master Fund retains voting and disposition power over these shares but no economic interest, and may either sell them on behalf of these investors or distribute them in kind once requirements are met. The reporting persons disclaim beneficial ownership except to the extent of their pecuniary interest.
Luminus Energy Partners Master Fund, Ltd., managed by Luminus Management LLC, reported an internal restructuring of its indirect holdings of Battalion Oil Corp common stock. On April 2, 2026, the Master Fund distributed 379,559 shares of common stock to certain certificate holders who belatedly provided information needed to receive their allocation.
The filing explains that an earlier 5,200,000‑share distribution in kind left 1,145,542 "Segregated Shares" still held by the Master Fund for non‑responding investors, over which it retains voting and disposition power but no economic interest. After the April 2 transaction, the Master Fund’s reported indirect holding stands at 1,626,949 shares, subject to disclaimers that each reporting person only admits beneficial ownership to the extent of its pecuniary interest.
Luminus Management LLC’s affiliated Master Fund reported sizable net sales and conversions in Battalion Oil common stock and related instruments. On March 30, 2026, the Master Fund converted 7,803 Series A-2 Redeemable Convertible Preferred Shares into 1,800,000 common shares at a conversion price of $6.21 per share, then sold 681,105 common shares at a weighted average price of $5.59.
On March 31, 2026, the Master Fund sold 872,586 common shares at a weighted average price of $3.85 and 336,791 common shares at $4.33. It also sold cash-settled total return swap positions referencing 144,621 notional common shares at $13.78 per share, relinquishing that economic exposure. Following these transactions, the Master Fund’s indirect holdings were 2,006,508 common shares and 9,408 Series A-2 Preferred Shares.
Battalion Oil Corp senior vice president and general counsel Walter R. Mayer reported an open-market sale of company common stock. On March 27, 2026, he sold 4,777 shares at $6.00 per share, and after this transaction he directly owned 174 shares of common stock.
Gen IV Investment Opportunities, LLC, listed as a director and 10% owner of Battalion Oil, reported an open-market sale of 2,369,769 shares of Common Stock at an average price of $5.8206 per share.
Following this Form 4 transaction, Gen IV reported holding no Battalion Oil shares. Related filers LSP Generation IV, LSP Investment Advisors, and Paul Segal note they can direct voting and disposition of Gen IV’s shares but disclaim beneficial ownership beyond any pecuniary interest.
Luminus Management LLC, as investment manager for Luminus Energy Partners Master Fund, Ltd., reported an internal restructuring of Battalion Oil common stock holdings. The filing shows an other-type transaction covering 4,054,458 shares of common stock as part of a broader in-kind distribution.
Footnotes explain that on March 24, 2026, the Master Fund distributed 5,200,000 shares of Battalion Oil common stock in kind to several feeder funds and affiliates, which in turn distributed shares to holders of previously issued illiquid certificates. After these distributions, the Master Fund held 2,096,990 shares, including 1,145,542 segregated shares retained for certificate holders who did not or could not receive their distribution.
The Master Fund keeps voting and disposition power over these segregated shares but has no economic interest in them, holding them for the benefit of those non-returning investors. The filing states that each reporting person disclaims beneficial ownership of the reported shares except to the extent of its or his pecuniary interest.
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.
BATTALION OIL CORP vice president and controller Charles E. Martin reported an open-market sale of 7,623 shares of common stock at $5.25 per share. This transaction reduced his directly held Battalion Oil common stock to zero shares following the sale.