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[Form 4] Devon Energy Corporation Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Devon Energy director Kelt Kindick reported the sale of 7,685 Devon Energy common shares at a weighted average price of $33.46 per share, with individual trades ranging from $33.28 to $33.55. After the reported transactions, Kindick directly beneficially owns 31,801 shares and indirectly owns 42,590 shares through the 2019 Kelt Kindick Irrevocable Trust. The filing is a Form 4 disclosure of changes in beneficial ownership and notes the reported price is a weighted average from multiple transactions, with the filer offering to provide transaction-level details on request.

Il membro del consiglio di amministrazione di Devon Energy, Kelt Kindick, ha dichiarato la vendita di 7,685 azioni ordinarie di Devon Energy a un prezzo medio ponderato di $33.46 per azione, con singole operazioni comprese tra $33.28 e $33.55. Dopo le transazioni dichiarate, Kindick detiene direttamente in proprietà effettiva 31,801 azioni e ne possiede indirettamente 42,590 tramite la 2019 Kelt Kindick Irrevocable Trust. La comunicazione è un modulo Form 4 che segnala variazioni nella titolarità beneficiaria; il prezzo riportato è una media ponderata di più operazioni e il dichiarante si offre di fornire i dettagli operazione per operazione su richiesta.

El miembro del consejo de Devon Energy, Kelt Kindick, informó la venta de 7,685 acciones ordinarias de Devon Energy a un precio medio ponderado de $33.46 por acción, con transacciones individuales entre $33.28 y $33.55. Tras las operaciones informadas, Kindick posee directamente 31,801 acciones y 42,590 acciones de forma indirecta mediante la 2019 Kelt Kindick Irrevocable Trust. La presentación es un Formulario 4 que revela cambios en la propiedad beneficiaria; indica que el precio informado es un promedio ponderado de varias transacciones y que el declarante puede facilitar detalles por operación a solicitud.

Devon Energy의 이사 Kelt Kindick은 7,685주의 Devon Energy 보통주를 주당 가중평균 $33.46에 매각했으며, 개별 거래는 $33.28에서 $33.55 사이였다고 보고했습니다. 보고된 거래 이후 Kindick은 직접적으로 31,801주를 보유하고 있으며 2019 Kelt Kindick Irrevocable Trust를 통해 간접적으로 42,590주를 보유하고 있습니다. 해당 서류는 실소유권 변동을 보고하는 Form 4 신고서로, 보고된 가격이 여러 거래의 가중평균임을 명시하고 있으며 요청 시 거래별 세부 내역을 제공하겠다고 밝혔습니다.

Le membre du conseil d'administration de Devon Energy, Kelt Kindick, a déclaré la vente de 7,685 actions ordinaires de Devon Energy au prix moyen pondéré de $33.46 par action, avec des transactions individuelles allant de $33.28 à $33.55. Après les opérations déclarées, Kindick détient directement 31,801 actions et en possède indirectement 42,590 via la 2019 Kelt Kindick Irrevocable Trust. Le dossier est une déclaration Form 4 de modifications de la propriété bénéficiaire ; il précise que le prix indiqué est une moyenne pondérée de plusieurs transactions et que le déclarant peut fournir les détails par transaction sur demande.

Der Direktor von Devon Energy, Kelt Kindick, meldete den Verkauf von 7,685 Stammaktien von Devon Energy zu einem gewichteten Durchschnittspreis von $33.46 je Aktie; einzelne Transaktionen lagen zwischen $33.28 und $33.55. Nach den gemeldeten Transaktionen besitzt Kindick direkt wirtschaftlich 31,801 Aktien und indirekt 42,590 Aktien über den 2019 Kelt Kindick Irrevocable Trust. Die Einreichung ist eine Form 4-Offenlegung von Änderungen im wirtschaftlichen Eigentum; sie weist darauf hin, dass der gemeldete Preis ein gewichteter Durchschnitt mehrerer Transaktionen ist und der Melder auf Anfrage Transaktionsdetails zur Verfügung stellt.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Director sale of 7,685 shares at a weighted $33.46, leaving both direct and material indirect holdings intact.

The transaction disclosed is a routine insider sale consisting of multiple trades aggregated into a weighted average price of $33.46. The seller remains a significant holder when combining direct (31,801) and indirect (42,590) positions, which the filing documents explicitly. From a market-impact perspective, the disclosed sale size and value are modest relative to a large-cap issuer and the document provides transparency by offering to supply trade-level detail if requested.

TL;DR: Disclosure is standard and complete: sale details, weighted average price, and indirect trust holdings are all reported.

The Form 4 clearly identifies the reporting person as a director and distinguishes between direct and indirect beneficial ownership, citing the 2019 Kelt Kindick Irrevocable Trust as the vehicle for indirect holdings. The filing includes an explanatory note about the weighted average price and an attorney-in-fact signature block, indicating procedural compliance. No additional governance issues or unusual instruments are disclosed.

Il membro del consiglio di amministrazione di Devon Energy, Kelt Kindick, ha dichiarato la vendita di 7,685 azioni ordinarie di Devon Energy a un prezzo medio ponderato di $33.46 per azione, con singole operazioni comprese tra $33.28 e $33.55. Dopo le transazioni dichiarate, Kindick detiene direttamente in proprietà effettiva 31,801 azioni e ne possiede indirettamente 42,590 tramite la 2019 Kelt Kindick Irrevocable Trust. La comunicazione è un modulo Form 4 che segnala variazioni nella titolarità beneficiaria; il prezzo riportato è una media ponderata di più operazioni e il dichiarante si offre di fornire i dettagli operazione per operazione su richiesta.

El miembro del consejo de Devon Energy, Kelt Kindick, informó la venta de 7,685 acciones ordinarias de Devon Energy a un precio medio ponderado de $33.46 por acción, con transacciones individuales entre $33.28 y $33.55. Tras las operaciones informadas, Kindick posee directamente 31,801 acciones y 42,590 acciones de forma indirecta mediante la 2019 Kelt Kindick Irrevocable Trust. La presentación es un Formulario 4 que revela cambios en la propiedad beneficiaria; indica que el precio informado es un promedio ponderado de varias transacciones y que el declarante puede facilitar detalles por operación a solicitud.

Devon Energy의 이사 Kelt Kindick은 7,685주의 Devon Energy 보통주를 주당 가중평균 $33.46에 매각했으며, 개별 거래는 $33.28에서 $33.55 사이였다고 보고했습니다. 보고된 거래 이후 Kindick은 직접적으로 31,801주를 보유하고 있으며 2019 Kelt Kindick Irrevocable Trust를 통해 간접적으로 42,590주를 보유하고 있습니다. 해당 서류는 실소유권 변동을 보고하는 Form 4 신고서로, 보고된 가격이 여러 거래의 가중평균임을 명시하고 있으며 요청 시 거래별 세부 내역을 제공하겠다고 밝혔습니다.

Le membre du conseil d'administration de Devon Energy, Kelt Kindick, a déclaré la vente de 7,685 actions ordinaires de Devon Energy au prix moyen pondéré de $33.46 par action, avec des transactions individuelles allant de $33.28 à $33.55. Après les opérations déclarées, Kindick détient directement 31,801 actions et en possède indirectement 42,590 via la 2019 Kelt Kindick Irrevocable Trust. Le dossier est une déclaration Form 4 de modifications de la propriété bénéficiaire ; il précise que le prix indiqué est une moyenne pondérée de plusieurs transactions et que le déclarant peut fournir les détails par transaction sur demande.

Der Direktor von Devon Energy, Kelt Kindick, meldete den Verkauf von 7,685 Stammaktien von Devon Energy zu einem gewichteten Durchschnittspreis von $33.46 je Aktie; einzelne Transaktionen lagen zwischen $33.28 und $33.55. Nach den gemeldeten Transaktionen besitzt Kindick direkt wirtschaftlich 31,801 Aktien und indirekt 42,590 Aktien über den 2019 Kelt Kindick Irrevocable Trust. Die Einreichung ist eine Form 4-Offenlegung von Änderungen im wirtschaftlichen Eigentum; sie weist darauf hin, dass der gemeldete Preis ein gewichteter Durchschnitt mehrerer Transaktionen ist und der Melder auf Anfrage Transaktionsdetails zur Verfügung stellt.

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*
KINDICK KELT

(Last) (First) (Middle)
333 W SHERIDAN AVE

(Street)
OKLAHOMA CITY OK 73102

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
DEVON ENERGY CORP/DE [ DVN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/11/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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 08/11/2025 S 7,685 D $33.46(1) 31,801 D
Common Stock 42,590 I By 2019 Kelt Kindick Irrevocable 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $33.28 to $33.55 per share. The reporting person undertakes to provide Devon Energy Corporation, any security holder of Devon Energy Corporation or the staff of the Securities and Exchange commission, upon request, full information regarding the number of shares sold at each separate price.
/s/ Edward T. Highberger, Attorney-in-Fact for Kelt Kindick 08/11/2025
** 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.

FAQ

What did Devon Energy director Kelt Kindick sell (DVN)?

The filing shows a sale of 7,685 Devon Energy common shares at a weighted average price of $33.46 per share.

How many Devon Energy shares does Kelt Kindick own after the reported transaction (DVN)?

After the sale, Kindick directly beneficially owns 31,801 shares and indirectly owns 42,590 shares via the 2019 Kelt Kindick Irrevocable Trust.

What prices were the shares sold at in the Form 4 for DVN?

The filing reports a weighted average price of $33.46, with individual trade prices ranging from $33.28 to $33.55.

Does the filing provide transaction-level pricing for the DVN sale?

The filing states the reported price is a weighted average from multiple transactions and offers to provide full transaction-level details on request.

Who signed the Form 4 reporting Kelt Kindick's DVN sale?

The Form 4 is signed by an attorney-in-fact, identified in the filing as Edward T. Highberger.
Devon Energy Corp

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United States
OKLAHOMA CITY