[Form 4] Devon Energy Corporation Insider Trading Activity

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.

Insights

Financial Analyst

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.

Corporate Governance Expert

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.

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
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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.