[144] Devon Energy Corporation SEC Filing
Devon Energy insider sale notice: The filing reports that Kelt Kindick intends to sell 7,685 shares of common stock through B of A Securities, Inc. at an aggregate market value of $255,756.80. The securities were originally acquired as board of directors compensation on 06/09/2022 and the filing lists an approximate sale date of 08/11/2025. The issuer's total shares outstanding are listed as 634,800,000, and the filer reports "Nothing to Report" for sales during the past three months. The notice includes the required representation that the seller is not aware of undisclosed material adverse information about the issuer.
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Insights
TL;DR: A board member plans a routine sale of previously granted shares; the position size reported is small relative to total outstanding stock.
The filing documents an intended sale by Kelt Kindick of 7,685 shares received as board compensation on 06/09/2022, executed via B of A Securities for $255,756.80 aggregate value with an approximate sale date of 08/11/2025. The disclosure includes no other recent insider sales. For governance review, this is a standard Section 144 notice that meets disclosure requirements; it contains the insider representation about material information. Given the absolute and relative size implied by the reported outstanding shares, the transaction appears routine rather than a signal of governance distress.
TL;DR: Small-dollar insider sale reported; not materially likely to affect market capitalization based on disclosed figures.
The filing shows 7,685 shares marked for sale with an aggregate market value of $255,756.80, brokered by B of A Securities. The shares were granted as board compensation and were acquired on 06/09/2022. The filing states 634,800,000 shares outstanding and records no sales in the past three months. From a market-impact perspective, the disclosed lot size is minimal relative to the outstanding share count and therefore unlikely to be market-moving by itself. The disclosure complies with Rule 144 notice requirements.