ConocoPhillips (NYSE: COP) CEO exercises options and sells 506,800 shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

ConocoPhillips Chairman and CEO Ryan Lance exercised stock options for 506,800 shares of common stock at an exercise price of $49.755 per share and immediately sold the same 506,800 shares in open-market transactions at a weighted average price of $127.2565. This exercise-and-sell pattern converts options into cash without materially changing his direct share count, which remains at 6,835 shares. He also has indirect ownership of 463,221 shares through the Lance Family Trust, which includes a 31,000-share transfer, and 21,646.336 shares through the ConocoPhillips Savings Plan, including units accumulated via routine dividend and qualified plan transactions.

Insider Trade Summary

Net Seller: 506,800 shares ($64,493,594)

Net Sell 5 txns

Insider Lance Ryan Michael

Role Chairman and CEO

Sold 506,800 shs ($64.49M)

Type	Security	Shares	Price	Value
Exercise	Stock Options (Right to Buy)	506,800	$0.00	--
Exercise	Common Stock	506,800	$49.755	$25.22M
Sale	Common Stock	506,800	$127.2565	$64.49M
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Stock Options (Right to Buy) — 0 shares (Direct); Common Stock — 513,635 shares (Direct); Common Stock — 463,221 shares (Indirect, By Lance Family Trust)

Footnotes (1)

Amount reflects the transfer by the reporting person to the Lance Family Trust of 31,000 shares of common stock. The price is a weighted average price. These shares were sold in multiple transactions at prices from $126.24 to $127.95, inclusive. The reporting person undertakes to provide to 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 provided herein. Includes units acquired through routine dividend transactions that are ex4empt under rule 16a-11 and through a qualified plan that are exempt under rule 16b-3.

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Form 4 Insider Transactions: What Each Field Means →

03/23/2026 - 04:02 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^*

Lance Ryan Michael

(Last)

(First)

(Middle)

16930 PARK ROW DR.

(Street)

HOUSTON

TEXAS

77084

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CONOCOPHILLIPS [ COP ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/20/2026

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 Stock	03/20/2026		M		506,800	A	$49.755	513,635⁽¹⁾	D
Common Stock	03/20/2026		S		506,800	D	$127.2565⁽²⁾	6,835	D
Common Stock								463,221⁽¹⁾	I	By Lance Family Trust
Common Stock								21,646.336⁽³⁾	I	By ConocoPhillips Savings Plan

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 Options (Right to Buy)	$49.755	03/20/2026		M			506,800	02/14/2020	02/14/2027	Common Stock	506,800	$0.0000	0	D

Explanation of Responses:

1. Amount reflects the transfer by the reporting person to the Lance Family Trust of 31,000 shares of common stock.

2. The price is a weighted average price. These shares were sold in multiple transactions at prices from $126.24 to $127.95, inclusive. The reporting person undertakes to provide to 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 provided herein.

3. Includes units acquired through routine dividend transactions that are ex4empt under rule 16a-11 and through a qualified plan that are exempt under rule 16b-3.

	Kelly B. Rose, Attorney in Fact	03/23/2026
	** 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 did ConocoPhillips (COP) CEO Ryan Lance do in this Form 4 filing?

Ryan Lance exercised options for 506,800 ConocoPhillips shares at $49.755 and sold the same 506,800 shares at a weighted average of $127.2565. This sequence turned an option position into cash while leaving his direct share count essentially unchanged.

At what prices did the ConocoPhillips (COP) CEO’s transactions occur?

The options were exercised at $49.755 per share, and the 506,800 resulting shares were sold at a weighted average price of $127.2565. Individual sales occurred between $126.24 and $127.95, according to the disclosure’s detailed pricing footnote.

How many ConocoPhillips (COP) shares does Ryan Lance hold directly after the transactions?

After exercising options and selling 506,800 shares, Ryan Lance directly holds 6,835 ConocoPhillips common shares. This indicates the option exercise and sale were effectively offsetting, with no large net change in his directly owned share count from these specific transactions.

What indirect ConocoPhillips (COP) holdings are reported for Ryan Lance?

The filing reports 463,221 ConocoPhillips shares held indirectly through the Lance Family Trust, reflecting a transfer of 31,000 shares, and 21,646.336 shares through the ConocoPhillips Savings Plan. The savings plan amount includes units from routine dividend and qualified plan transactions.

Was the ConocoPhillips (COP) CEO’s Form 4 transaction an open-market sale?

Yes. The 506,800 ConocoPhillips shares acquired via option exercise were sold in open-market transactions. The filing notes a weighted average sale price of $127.2565, with individual sales executed between $126.24 and $127.95 per share on the transaction date.

Does the ConocoPhillips (COP) CEO still hold stock options after this Form 4?

No remaining options from this grant are shown. The filing indicates 506,800 stock options were exercised in full, with zero derivative shares following the transaction. This suggests that particular option award has been completely converted into common shares and sold.