Magnolia CEO sells 119,954 shares in open market
Magnolia Oil & Gas Corp CEO & Chairman Christopher G. Stavros reported an open-market sale of Class A Common Stock.
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Rhea-AI Filing Summary
Magnolia Oil & Gas Corp CEO & Chairman Christopher G. Stavros reported an open-market sale of Class A Common Stock. He sold 119,954 shares on March 9, 2026 at a weighted-average price of $29.288 per share.
The shares were sold in multiple transactions at prices ranging from $29.04 to $29.345. After this sale, he directly owns 883,592 shares of Magnolia Oil & Gas Corp Class A Common Stock.
Insights
CEO completes open-market sale while retaining a substantial stake.
The CEO & Chairman, Christopher G. Stavros, executed an open-market sale of 119,954 Magnolia Oil & Gas Corp Class A shares at a weighted-average price of $29.288. The sale was carried out through multiple trades between $29.04 and $29.345 per share.
Following this transaction, he directly holds 883,592 Class A shares, indicating he maintains a significant equity position. The filing does not show any accompanying option exercises or derivative activity, as the derivative position table is empty in this report.
This pattern reflects a straightforward open-market disposition rather than a complex exercise-and-sell sequence. Future company filings may provide additional context on any subsequent transactions or changes in his overall ownership profile.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 119,954 | $29.288 | $3.51M |
Footnotes (1)
- F1. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.04 to $29.345, inclusive. The reported person undertakes to provide to the Company, any Company security holder, 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 ranges set forth in this footnote.
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