LSB Industries (LXU) major holder sells 4.9M common shares

Rhea-AI Filing Summary

LSB Industries’ major shareholder entities associated with Todd L. Boehly sold 4,889,159 shares of Common Stock in open-market transactions at $14.85 per share. After the sale, one LLC associated with him held 10,374,334 shares indirectly, and another LLC held 43,434 shares indirectly.

Insights

Insider trading and governance analyst

Large open-market sale by a 10% owner, but with sizable holdings retained.

A ten percent owner of LSB Industries, through LLCs associated with Todd L. Boehly, executed an open-market sale of 4,889,159 Common Stock shares at $14.85 per share. The transaction is classified as a non-derivative sale, not tied to option exercises or other derivatives.

Following the sale, one LLC still held 10,374,334 shares indirectly, and another LLC held 43,434 shares indirectly, indicating that a substantial stake remains. The filing attributes the shares to entities that Boehly either solely owns or may be deemed to control, which is important for understanding where voting and investment power reside.

This kind of large disposition by a major holder can be viewed as notable, but the continued, sizable indirect ownership means the overall alignment between the holder and other shareholders remains significant. Future company filings may clarify any further changes in this position.

Insider Trade Summary

Net Seller: 4,889,159 shares ($72,604,011)

Net Sell 2 txns

Insider Boehly Todd L

Role 10% Owner

Sold 4,889,159 shs ($72.60M)

Type	Security	Shares	Price	Value
Sale	Common Stock	4,889,159	$14.85	$72.60M
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 10,374,334 shares (Indirect, See footnote)

Footnotes (1)

1. Represents shares of common stock of the Issuer directly held by TLB-LSB, LLC, of which Todd L. Boehly is the sole member. Represents shares of common stock of the Issuer directly held by a limited liability company over which Todd L. Boehly may be deemed to have investment control.

Key Figures

Shares sold: 4,889,159 shares Sale price per share: $14.85 per share Indirect shares held by one LLC: 10,374,334 shares +2 more

5 metrics

Shares sold 4,889,159 shares Common Stock sold in open-market transaction on 2026-03-26

Sale price per share $14.85 per share Price for the 4,889,159 Common Stock shares sold

Indirect shares held by one LLC 10,374,334 shares Total Common Stock indirectly held after sale by one LLC

Additional indirect holding 43,434 shares Common Stock indirectly held after transaction by another LLC

Net shares sold 4,889,159 shares Net selling activity across reported transactions

Key Terms

ten percent owner, open-market sale, indirect ownership, non-derivative, +1 more

5 terms

ten percent owner financial

"a ten percent owner of LSB Industries, through LLCs associated with Todd L. Boehly"

open-market sale financial

"executed an open-market sale of 4,889,159 Common Stock shares at $14.85 per share"

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.

indirect ownership financial

"one LLC associated with him held 10,374,334 shares indirectly, and another LLC held 43,434 shares indirectly"

non-derivative financial

"The transaction is classified as a non-derivative sale, not tied to option exercises"

investment control financial

"held by a limited liability company over which Todd L. Boehly may be deemed to have investment control"

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^*

Boehly Todd L

(Last) (First) (Middle)

701 BRICKELL AVENUE, SUITE 860

(Street)

MIAMI FLORIDA 33131

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
LSB INDUSTRIES, INC. [ LXU ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/26/2026

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	03/26/2026		S		4,889,159	D	$14.85	10,374,334	I	See footnote(1)
Common Stock								43,434	I	See footnote(2)

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. Represents shares of common stock of the Issuer directly held by TLB-LSB, LLC, of which Todd L. Boehly is the sole member.

2. Represents shares of common stock of the Issuer directly held by a limited liability company over which Todd L. Boehly may be deemed to have investment control.

	/s/ Todd L. Boehly	03/30/2026
	** 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 insider transaction did LSB Industries (LXU) disclose in this Form 4?

LSB Industries disclosed that entities associated with major holder Todd L. Boehly sold 4,889,159 shares of Common Stock at $14.85 per share. These were open-market sales reported as non-derivative transactions, meaning they involved ordinary shares rather than options or other derivatives.

How many LSB Industries (LXU) shares were sold and at what price?

Entities linked to Todd L. Boehly sold 4,889,159 LSB Industries Common Stock shares at a price of $14.85 per share. The sale was reported as an open-market or private transaction, indicating it occurred at prevailing market levels rather than via option exercises.

How many LSB Industries (LXU) shares does the major holder retain after this sale?

After the reported sale, one LLC associated with Todd L. Boehly held 10,374,334 LSB Industries shares indirectly. A separate LLC over which he may have investment control held an additional 43,434 shares indirectly, indicating that a substantial aggregate position remains outstanding following the transaction.

How is Todd L. Boehly’s ownership in LSB Industries (LXU) structured?

The filing states that certain shares are directly held by TLB-LSB, LLC, of which Todd L. Boehly is the sole member. Additional shares are held by another limited liability company over which he may be deemed to have investment control, reflecting indirect ownership through these entities.

Was the LSB Industries (LXU) insider transaction a buy or a sell?

The Form 4 reports a sell transaction. Entities associated with Todd L. Boehly executed an open-market sale of 4,889,159 shares of LSB Industries Common Stock, with the transaction coded as an "S" sale and described as a sale in the open market or a private transaction.