What are William N. Thorndike Jr’s CNX (CNX) share holdings after these transactions?

Following the transactions, he directly owns 426,585 CNX common shares, including 2,100 deferred stock units. He also has indirect interests in 35,000 shares held by a trust and 50,000 shares in an account where he has a pecuniary interest, as reported in the filing.

CNX Resources (NYSE: CNX) director exercises 83,097 options and sells shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

CNX Resources director William N. Thorndike Jr. exercised stock options to acquire 83,097 common shares at $13.1857 per share and sold 28,800 shares in an open-market transaction at a weighted average price of $38.2481. After these transactions, he holds 426,585 shares directly, including 2,100 deferred stock units, plus 35,000 shares held by a trust and 50,000 shares through a third-party account, both as indirect interests.

Insider Trade Summary

Net Seller: 28,800 shares ($1,101,545)

Net Sell 5 txns

Insider Thorndike William N Jr

Role null

Sold 28,800 shs ($1.10M)

Type	Security	Shares	Price	Value
Exercise	Stock Option (right to buy)	83,097	$0.00	--
Exercise	Common shares, $0.01 par value per share	83,097	$13.1857	$1.10M
Sale	Common shares, $0.01 par value per share	28,800	$38.2481	$1.10M
holding	Common shares, $0.01 par value per share	--	--	--
holding	Common shares, $0.01 par value per share	--	--	--

Holdings After Transaction: Stock Option (right to buy) — 0 shares (Direct, null); Common shares, $0.01 par value per share — 455,385 shares (Direct, null); Common shares, $0.01 par value per share — 50,000 shares (Indirect, Pecuniary interest in third party account)

Footnotes (1)

Of the shares owned directly, 2,100 are deferred stock units. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.9900 to $38.4500, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. This stock option, including share amount and exercise price, reflects an exempt anti-dilution adjustment to such award in connection with the 2017 spin-off of the Issuer from CONSOL Energy Inc. This stock option vested on May 9, 2017.

Key Figures

Shares sold: 28,800 shares Sale price (weighted average): $38.2481 per share Shares acquired via option exercise: 83,097 shares +5 more

8 metrics

Shares sold 28,800 shares Open-market sale of CNX common shares on May 4, 2026

Sale price (weighted average) $38.2481 per share Weighted average price for 28,800 CNX shares sold

Shares acquired via option exercise 83,097 shares Common shares received from exercising stock option on May 4, 2026

Option exercise price $13.1857 per share Exercise price of stock option covering 83,097 CNX shares

Direct holdings after transactions 426,585 shares CNX common shares directly owned after May 4, 2026 transactions

Deferred stock units 2,100 units Included within directly owned CNX shares

Trust-held indirect shares 35,000 shares Indirect CNX holdings reported as “By Trust”

Third-party account shares 50,000 shares Indirect CNX holdings via third-party account with pecuniary interest

Key Terms

deferred stock units, weighted average price, Stock Option (right to buy), anti-dilution adjustment, +1 more

5 terms

deferred stock units financial

"Of the shares owned directly, 2,100 are deferred stock units."

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

weighted average price financial

"The price reported in Column 4 is a weighted average price."

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.

Stock Option (right to buy) financial

"Stock Option (right to buy)"

anti-dilution adjustment financial

"reflects an exempt anti-dilution adjustment to such award"

pecuniary interest financial

"Pecuniary interest in third party account"

Form 4 Insider Transactions: What Each Field Means →

05/06/2026 - 04:46 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^*

Thorndike William N Jr

(Last)

(First)

(Middle)

1000 HORIZON VUE DRIVE

(Street)

CANONSBURG

PENNSYLVANIA

15317

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CNX Resources Corp [ CNX ]

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

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/04/2026

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)
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 shares, $0.01 par value per share	05/04/2026		M		83,097	A	$13.1857	455,385⁽¹⁾	D
Common shares, $0.01 par value per share	05/04/2026		S		28,800	D	$38.2481⁽²⁾	426,585⁽¹⁾	D
Common shares, $0.01 par value per share								50,000	I	Pecuniary interest in third party account
Common shares, $0.01 par value per share								35,000	I	By Trust

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)
Stock Option (right to buy)	$13.1857⁽³⁾	05/04/2026		M			83,097	⁽⁴⁾	05/11/2026	Common shares, $0.01 par value per share	83,097⁽³⁾	$0	0	D

Explanation of Responses:

1. Of the shares owned directly, 2,100 are deferred stock units.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.9900 to $38.4500, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

3. This stock option, including share amount and exercise price, reflects an exempt anti-dilution adjustment to such award in connection with the 2017 spin-off of the Issuer from CONSOL Energy Inc.

4. This stock option vested on May 9, 2017.

Remarks:

	/s/ William N. Thorndike Jr., by Sarah Molinero, his attorney-in-fact	05/06/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did CNX (CNX) director William N. Thorndike Jr report?

He reported exercising stock options for common shares and selling a portion of his holdings. The filing shows an option exercise for 83,097 shares and an open-market sale of 28,800 shares, both dated May 4, 2026, involving CNX Resources common stock.

How many CNX (CNX) shares did the director sell and at what price?

He sold 28,800 CNX common shares in an open-market transaction. The weighted average sale price was $38.2481 per share, with individual trades executed between $37.99 and $38.45, according to the detailed pricing range disclosed in the footnotes to the Form 4.

How many CNX (CNX) shares did the director acquire through option exercise?

He exercised stock options covering 83,097 CNX common shares at an exercise price of $13.1857 per share. The related option, described as a “Stock Option (right to buy),” was fully exercised, leaving zero derivative shares remaining after the transaction date of May 4, 2026.

Were any of the CNX (CNX) director’s shares held indirectly through trusts or other accounts?

Yes. The filing shows 35,000 CNX shares held indirectly “By Trust” and 50,000 shares held through a third-party account in which he has a pecuniary interest. These indirect holdings are separate from his directly owned and deferred stock unit positions.

What do the footnotes reveal about the CNX (CNX) director’s stock options and pricing?

Footnotes state the reported sale price is a weighted average of trades between $37.99 and $38.45. They also note the stock option terms reflect an anti-dilution adjustment from a 2017 spin-off and that the option vested on May 9, 2017 before being exercised.