CNX Resources (CNX) director exercises options and sells 46,119 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CNX Resources director Bernard Lanigan Jr exercised a stock option for 46,119 shares on February 19, 2026, converting it into common stock at an exercise price of 13.1857 per share. He then sold 46,119 common shares in an open-market transaction at a weighted average price of 40.5955 per share, with individual sale prices ranging from 40.3100 to 40.7100. After these trades, he held 177,180 common shares directly, including 6,762 restricted stock units, and reported additional indirect ownership of CNX shares through several entities, including 401,820 shares by Conifer Partners IV, LLC, 30,600 shares by Lanigan Family Holdings, LLC, 669,806 shares by Conifer Partners III, LLC, 82,600 shares by Conifer Partners II, LLC, and 58,845 shares by Teton Pines Capital, LLC.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 46,119 shares ($1,872,224)
Net Sell
8 txns
Insider
LANIGAN BERNARD JR
Role
Director
Sold
46,119 shs ($1.87M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 46,119 | $0.00 | -- |
| Exercise | Common shares, $0.01 par value per share | 46,119 | $13.1857 | $608K |
| Sale | Common shares, $0.01 par value per share | 46,119 | $40.5955 | $1.87M |
| holding | Common shares, $0.01 par value per share | -- | -- | -- |
| holding | Common shares, $0.01 par value per share | -- | -- | -- |
| holding | Common shares, $0.01 par value per share | -- | -- | -- |
| 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);
Common shares, $0.01 par value per share — 223,299 shares (Direct);
Common shares, $0.01 par value per share — 401,820 shares (Indirect, By Conifer Partners IV, LLC)
Footnotes (1)
- Of the shares owned directly, 6,762 are restricted stock units. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.3100 to $40.7100, 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. Shares held in Conifer Partners, IV, LLC, of which Mr. Lanigan is part owner of the managing member. Shares held in Lanigan Family Holdings, LLC (f/k/a Lanigan Family Limited Partnership), of which Mr. Lanigan is a member. Shares held in Conifer Partners III, LLC, of which Mr. Lanigan is part owner of the managing member. Shares held in Conifer Partners II, LLC, of which Mr. Lanigan is part owner of the managing member. Shares held in Teton Pines Capital, LLC, of which Mr. Lanigan controls the managing member. Mr. Lanigan disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that he is the beneficial owner of such securities for Section 16 or any other purpose. 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.
FAQ
What insider transactions did CNX director Bernard Lanigan Jr report?
Bernard Lanigan Jr reported exercising a stock option for 46,119 CNX shares at an exercise price of $13.1857, then selling 46,119 common shares in an open-market transaction at a weighted average price of $40.5955 per share, all on February 19, 2026.
What type of derivative security did Bernard Lanigan Jr exercise at CNX Resources?
He exercised a stock option, described as a “Stock Option (right to buy),” covering 46,119 CNX shares. The option had an exercise price of $13.1857 per share and had vested on May 9, 2017, following an anti-dilution adjustment related to the 2017 spin-off.
How is the Teton Pines Capital LLC CNX holding described for Bernard Lanigan Jr?
The 58,845 CNX shares held by Teton Pines Capital, LLC are reported as indirectly owned. The filing states Mr. Lanigan controls the managing member but disclaims beneficial ownership except for any pecuniary interest, clarifying the extent of his economic stake in those securities.