Chord Energy (CHRD) CEO sells stock near $150 under 10b5-1 plan
Rhea-AI Filing Summary
Chord Energy Corp (CHRD) reported that President and CEO Daniel E. Brown sold a total of 13,704 shares of common stock in open-market transactions on August 20–21, 2026. The sales were made under a Rule 10b5-1 trading plan adopted on March 16, 2026 and executed at weighted average prices between roughly $150 and $152 per share, across multiple price intervals on those days.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Net Seller: 13,704 shares
Net Sell
4 txns
Insider
Brown Daniel E
Role
President and CEO
Sold
13,704 shs ($2.07M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F3, F6 | 656 | $150.12 | $98K |
| Sale | Common Stock F1, F2, F3 | 6,120 | $150.65 | $922K |
| Sale | Common Stock F1, F3, F4 | 4,102 | $151.66 | $622K |
| Sale | Common Stock F1, F3, F5 | 2,826 | $152.34 | $431K |
Holdings After Transaction:
Common Stock — 178,659 shares (Direct)
Footnotes (6)
- F1. The sales reported in this Form 4 were effected pursuant to a rule 10b5-1 trading plan adopted by the Reporting Person on March 16, 2026.
- F2. Represents a weighted average price of open market same day sales. Sales of shares took place in multiple transactions at actual prices ranging from $150.13 to $151.06 per share, inclusive.
- F3. Full information regarding the number of shares sold at each separate price will be provided upon request by the Commission staff, Chord Energy Corporation, or a Chord Energy Corporation shareholder.
- F4. Represents a weighted average price of open market same day sales. Sales of shares took place in multiple transactions at actual prices ranging from $151.17 to $152.15 per share, inclusive.
- F5. Represents a weighted average price of open market same day sales. Sales of shares took place in multiple transactions at actual prices ranging from $152.18 to $152.98 per share, inclusive.
- F6. Represents a weighted average price of open market same day sales. Sales of shares took place in multiple transactions at actual prices ranging from $150.00 to $150.58 per share, inclusive.
Key Figures
Total shares sold: 13,704 shares
Shares sold on 2026-08-20 at $150.65: 6,120 shares at $150.6500 per share
Shares sold on 2026-08-20 at $151.66: 4,102 shares at $151.6600 per share
+5 more
8 metrics
Total shares sold
13,704 shares
Aggregate of all reported sales by Daniel E. Brown
Shares sold on 2026-08-20 at $150.65
6,120 shares at $150.6500 per share
Open-market sale of common stock on August 20, 2026
Shares sold on 2026-08-20 at $151.66
4,102 shares at $151.6600 per share
Open-market sale of common stock on August 20, 2026
Shares sold on 2026-08-20 at $152.34
2,826 shares at $152.3400 per share
Open-market sale of common stock on August 20, 2026
Shares sold on 2026-08-21 at $150.12
656 shares at $150.1200 per share
Open-market sale of common stock on August 21, 2026
Rule 10b5-1 plan adoption date
March 16, 2026
Date Daniel E. Brown adopted the trading plan governing these sales
Price range footnote F2
$150.13 to $151.06 per share
Actual price range for sales covered by weighted average in one transaction
Price range footnote F5
$152.18 to $152.98 per share
Actual price range for sales covered by weighted average in one transaction
Key Terms
Rule 10b5-1 trading plan, weighted average price, open market same day sales
3 terms
Rule 10b5-1 trading plan regulatory
"The sales reported in this Form 4 were effected pursuant to a rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"Represents a weighted average price of open market same day sales."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open market same day sales market
"Represents a weighted average price of open market same day sales."
FAQ
What insider transactions did CHRD CEO Daniel E. Brown report on this Form 4?
Daniel E. Brown reported four open-market sales of Chord Energy Corp common stock on August 20–21, 2026, totaling 13,704 shares, all reported as dispositions of directly owned shares.
Were the August 2026 CHRD insider sales under a Rule 10b5-1 trading plan?
Yes. A footnote states the sales were effected under a Rule 10b5-1 trading plan adopted by Daniel E. Brown on March 16, 2026, indicating the trades were made pursuant to a pre-arranged plan.
Were Daniel E. Brown’s CHRD sales direct or through an indirect entity?
All four reported transactions are classified as direct ownership (code "D") in Chord Energy Corp common stock, meaning the sales relate to shares held directly by Daniel E. Brown rather than through an intermediary entity.
AI-generated analysis. How Rhea-AI works. Not financial advice.