ConocoPhillips (NYSE: COP) CEO family trust sells 113,221 shares at $132.71

Rhea-AI Filing Summary

ConocoPhillips Chairman and CEO Ryan Lance’s family trust sold 113,221 shares of common stock in an open‑market transaction at a weighted average price of $132.7085 per share. The sale was executed on March 31, 2026 and is reported as an indirect transaction by the Lance Family Trust.

After this sale, the trust still holds 350,000 shares of ConocoPhillips common stock. Separate from the trust, Ryan Lance holds 6,835 shares directly and has an additional 21,646.336 units reported through the ConocoPhillips Savings Plan, reflecting remaining equity exposure following the transaction.

Insights

Insider trading and governance analyst

CEO‑related trust executes sizable open‑market sale but retains a large remaining stake.

The filing shows a Lance Family Trust sale of 113,221 ConocoPhillips shares at a weighted average price of $132.7085 per share on March 31, 2026. This is an open‑market disposition attributed to the trust associated with Chairman and CEO Ryan Lance, not a derivative exercise or tax event.

Post‑transaction, the trust continues to hold 350,000 shares, while Ryan Lance also has 6,835 direct shares and 21,646.336 units in the ConocoPhillips Savings Plan. The sale reduces indirect holdings but leaves a substantial ongoing position, suggesting a notable yet not thesis‑defining liquidity event based solely on this disclosure.

Insider Trade Summary

Net Seller: 113,221 shares ($15,025,389)

Net Sell 3 txns

Insider Lance Ryan Michael

Role Chairman and CEO

Sold 113,221 shs ($15.03M)

Type	Security	Shares	Price	Value
Sale	Common Stock	113,221	$132.7085	$15.03M
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 350,000 shares (Indirect, By Lance Family Trust); Common Stock — 6,835 shares (Direct)

Footnotes (1)

1. The price is a weighted average price. These shares were sold in multiple transactions at prices from $131.54 to $133.84, 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 exempt under rule 16a-11 and through a qualified plan that are exempt under rule 16b-3.

Key Figures

Shares sold: 113,221 shares Weighted average sale price: $132.7085 per share Trust holdings after sale: 350,000 shares +3 more

6 metrics

Shares sold 113,221 shares Open-market sale by Lance Family Trust on March 31, 2026

Weighted average sale price $132.7085 per share Common stock sale across multiple trades

Trust holdings after sale 350,000 shares Indirect ownership by Lance Family Trust post-transaction

Direct holdings after transaction 6,835 shares Shares held directly by Ryan Lance

Savings Plan units 21,646.336 units Reported under ConocoPhillips Savings Plan

Price range of trades $131.54–$133.84 per share Footnote disclosing trade price range within sale

Key Terms

weighted average price, Rule 16a-11, Rule 16b-3, ConocoPhillips Savings Plan, +1 more

5 terms

weighted average price financial

"The price is a weighted average price. These shares were sold in multiple transactions at prices from $131.54 to $133.84, inclusive."

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.

Rule 16a-11 regulatory

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

Rule 16b-3 regulatory

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

Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.

ConocoPhillips Savings Plan financial

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

open-market sale financial

"transaction_action: "open-market sale" with transaction_code_description "Sale in open market or private transaction""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Form 4 Insider Transactions: What Each Field Means →

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)
03/31/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock								6,835	D
Common Stock	03/31/2026		S		113,221	D	$132.7085(1)	350,000	I	By Lance Family Trust
Common Stock								21,646.336(2)	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price is a weighted average price. These shares were sold in multiple transactions at prices from $131.54 to $133.84, 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.

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

	Kelly B. Rose, Attorney in Fact	03/31/2026
	** 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)

FAQ

What did ConocoPhillips (COP) report in Ryan Lance’s latest Form 4?

The Form 4 reports that a Lance family trust sold 113,221 ConocoPhillips common shares in an open‑market transaction at a weighted average price of $132.7085 on March 31, 2026. The transaction is reported as indirect ownership through the Lance Family Trust.

How many ConocoPhillips shares did Ryan Lance’s family trust sell and at what price?

The Lance Family Trust sold 113,221 ConocoPhillips common shares. The filing lists a weighted average sale price of $132.7085 per share, with individual trades executed between $131.54 and $133.84, according to the disclosed pricing footnote in the document.

How many ConocoPhillips shares does the Lance Family Trust hold after this sale?

After the March 31, 2026 transaction, the Lance Family Trust holds 350,000 ConocoPhillips common shares. This figure reflects the indirect ownership position following the 113,221‑share open‑market sale disclosed in the Form 4 filing for Chairman and CEO Ryan Lance.

What are Ryan Lance’s remaining direct and plan‑related holdings in ConocoPhillips?

Beyond the Lance Family Trust, Ryan Lance holds 6,835 ConocoPhillips shares directly. The filing also reports 21,646.336 units associated with the ConocoPhillips Savings Plan, which includes units acquired through routine dividend transactions and qualified plan contributions described in the footnotes.

Was the ConocoPhillips CEO’s transaction an open‑market sale or another type of event?

The filing characterizes the 113,221‑share transaction as an open‑market sale of ConocoPhillips common stock. The weighted average price disclosure and noted price range from $131.54 to $133.84 further confirm that the shares were sold across multiple market trades on March 31, 2026.

What does the weighted average price range in the ConocoPhillips Form 4 mean?

The weighted average price of $132.7085 reflects multiple trades executed between $131.54 and $133.84 per share. The Form 4 notes that detailed trade‑by‑trade pricing is available upon request, as required when reporting aggregated insider transactions across a price range.