Ward-related entities add MACH NATURAL (NYSE: MNR) units in $13.05 offering
Rhea-AI Filing Summary
MACH NATURAL RESOURCES LP insider-related entities increased their holdings through open-market purchases tied to a recent secondary offering. The Tom L. Ward 1992 Revocable Living Trust and WCT Resources LLC each purchased 76,628 common units at $13.05 per unit in a public underwritten offering completed by certain selling unitholders. Following these purchases, the Trust held 13,295,039 common units and WCT Resources held 76,628 common units. Additional indirect holdings reported include 421,100 common units held by Mach Resources LLC and 167,030 common units held by the Tom L. Ward Family Foundation, while 14,048,879 common units were reported as held directly as of April 8, 2026. Tom L. Ward may be deemed to share beneficial ownership of these securities through his control or trustee roles but disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Units | 76,628 | $13.05 | $1000K |
| Purchase | Common Units | 76,628 | $13.05 | $1000K |
| holding | Common Units | -- | -- | -- |
| holding | Common Units | -- | -- | -- |
| holding | Common Units | -- | -- | -- |
Footnotes (1)
- As previously disclosed in the Issuer's prospectus supplement dated April 6, 2026, filed with the U.S. Securities and Exchange Commission on April 8, 2026, certain selling unitholders completed a public underwritten offering of the Issuer's common units. The Tom L. Ward 1992 Revocable Living Trust (the "Trust") and WCT Resources LLC ("WCT Resources") each purchased 76,628 common units at a price to the public of $13.05 per unit. The Reporting Person is the Trustee of the Trust. By virtue of the relationship, the Reporting Person may be deemed to have or share beneficial ownership of the securities held of record by the Trust, but the Reporting Person disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein, directly, or indirectly. The Reporting Person exercises control over Mach Resources LLC ("Mach Resources"). Mach Resources is owned 50.5% by Tom L. Ward through the Trust and 49.5% by WCT Resources which is owned by certain trusts affiliated with Mr. Ward. By virtue of the relationship, the Reporting Person may be deemed to have or share beneficial ownership of the securities held of record by Mach Resources, but the Reporting Person disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein, directly or indirectly. The Reporting Person exercises control over the Tom L. Ward Family Foundation (the "Foundation"). By virtue of the relationship, the Reporting Person may be deemed to have or share beneficial ownership of the securities held of record by the Foundation, but the Reporting Person disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein, directly, or indirectly. The Reporting Person exercises control over WCT Resources which is owned by certain trusts affiliated with Mr. Ward. By virtue of the relationship, the Reporting Person may be deemed to have or share beneficial ownership of the securities held of record by WCT Resources, but the Reporting Person disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein, directly or indirectly.