CF Industries (CF) director and ex-CEO sells 111,890 shares in market

Filing Impact

(Very High)

Filing Sentiment

(Very Negative)

Form Type

Rhea-AI Filing Summary

CF Industries Holdings, Inc. director and former President & CEO Will W. Anthony reported an open-market sale of 111,890 shares of common stock. The shares were sold at a weighted average price of $100.2486 per share in multiple transactions.

According to the disclosure, the sale prices ranged from $100.00 to $100.70 per share. After this sale, Anthony directly owned 473,059 shares of CF Industries common stock.

Insider Trade Summary

Net Seller: 111,890 shares ($11,216,816)

Net Sell 1 txn

Insider Will W Anthony

Role Director

Sold 111,890 shs ($11.22M)

Type	Security	Shares	Price	Value
Sale	Common stock, par value $0.01 per share	111,890	$100.2486	$11.22M

Holdings After Transaction: Common stock, par value $0.01 per share — 473,059 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 02/24/2026 - 05:05 PM

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^*

Will W Anthony

(Last)

(First)

(Middle)

C/O CF INDUSTRIES HOLDINGS, INC.

2375 WATERVIEW DRIVE

(Street)

NORTHBROOK

60062

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
CF Industries Holdings, Inc. [ CF ]

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

X	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Former President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common stock, par value $0.01 per share	02/20/2026		S		111,890	D	$100.2486⁽¹⁾	473,059	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $100.0000 to $100.7000, inclusive. The reporting person undertakes to provide to CF Industries Holdings, Inc., any security holder of CF Industries Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within that range.

	/s/ Michael P. McGrane, by power of attorney	02/24/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did CF (CF Industries Holdings, Inc.) report on this Form 4?

CF Industries reported that director and former President & CEO Will W. Anthony sold 111,890 shares of common stock in an open-market transaction. The filing classifies the trade with code “S,” indicating a sale in the market.

At what price did Will W. Anthony sell CF Industries (CF) shares?

The shares were sold at a weighted average price of $100.2486 per share. The Form 4 notes that individual trades occurred in a price range from $100.00 to $100.70, reflecting multiple executions during the same trading date.

How many CF Industries (CF) shares does Will W. Anthony hold after this sale?

After the reported sale, Will W. Anthony directly owned 473,059 shares of CF Industries common stock. This figure reflects his remaining direct holdings following the 111,890-share open-market disposition disclosed in the Form 4 filing.

What does transaction code “S” mean in the CF (CF Industries) Form 4 filing?

Transaction code “S” in the Form 4 indicates a sale in the open market or in a private transaction. In this case, it confirms that Will W. Anthony’s 111,890-share trade was a selling transaction rather than a purchase or stock option exercise.

Who is the insider involved in this CF Industries (CF) Form 4 transaction?

The insider is Will W. Anthony, identified as a director and former President & CEO of CF Industries Holdings, Inc. He is the reporting person for the 111,890-share open-market sale of the company’s common stock.

How were the CF Industries (CF) shares sold according to the Form 4 footnote?

The footnote explains the price is a weighted average and that the shares were sold in multiple transactions. Those individual trades took place at prices between $100.00 and $100.70 per share, all executed on the same reported transaction date.