Mach Natural Resources: Ward trust buys 110K units
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Form Type
4
Rhea-AI Filing Summary
Mach Natural Resources LP common units were purchased by the Tom L. Ward 1992 Revocable Living Trust: 55,000 on November 9, 2026, at a weighted average price of $9.21 per unit, and 55,000 on November 10, 2026, at $9.13 per unit. Tom L. Ward, a director and ten percent owner, is Chief Executive Officer of Mach Natural Resources GP LLC, the general partner. Ward may be deemed to share beneficial ownership of the trust's units but disclaims it except to the extent of any direct or indirect pecuniary interest; no Rule 10b5-1 plan is reported.
Insider Trade Summary
Net Buyer: 110,000 shares
Net Buy
2 txns
Insider
WARD TOM L.
Role
See Remarks
Bought
110,000 shs ($1.01M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Units F2, F3 | 55,000 | $9.13 | $502K |
| Purchase | Common Units F1, F3 | 55,000 | $9.21 | $507K |
| Holding | Common Units F4 | -- | -- | -- |
| Holding | Common Units F5 | -- | -- | -- |
| Holding | Common Units F6 | -- | -- | -- |
| Holding | Common Units | -- | -- | -- |
Holdings After Transaction:
Common Units — 13,577,452 units (Indirect, Held by Tom L. Ward 1992 Revocable Living Trust);
Common Units — 421,100 units (Indirect, Held by Mach Resources LLC);
Common Units — 167,030 units (Indirect, Held by Tom L. Ward Family Foundation);
Common Units — 76,628 units (Indirect, Held by WCT Resources LLC);
Common Units — 14,315,136 units (Direct)
Footnotes (6)
- F1. The price reported in Column 4 is a weighted average price. These common units were purchased by the Tom L. Ward 1992 Revocable Living Trust (the "Trust") in multiple transactions at prices ranging from $9.14 to $9.27, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of common units purchased at each separate price within the ranges set forth in this footnote (1) to this Form 4.
- F2. The price reported in Column 4 is a weighted average price. These common units were purchased by the Trust in multiple transactions at prices ranging from $9.05 to $9.24, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of common units purchased at each separate price within the ranges set forth in this footnote (2) to this Form 4.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. 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.
Key Figures
Common units purchased: 55,000 units
Weighted average purchase price: $9.21 per unit
Common units purchased: 55,000 units
+5 more
8 metrics
Common units purchased
55,000 units
By the Tom L. Ward 1992 Revocable Living Trust on November 9, 2026
Weighted average purchase price
$9.21 per unit
Trust purchase on November 9, 2026
Common units purchased
55,000 units
By the Tom L. Ward 1992 Revocable Living Trust on November 10, 2026
Weighted average purchase price
$9.13 per unit
Trust purchase on November 10, 2026
Direct common-unit holdings
14,315,136 units
Tom L. Ward, reported November 9, 2026
Common units held by Mach Resources LLC
421,100 units
Reported November 9, 2026
Common units held by Tom L. Ward Family Foundation
167,030 units
Reported November 9, 2026
Common units held by WCT Resources LLC
76,628 units
Reported November 9, 2026
Key Terms
weighted average price, beneficial ownership, pecuniary interest
3 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
beneficial ownership financial
"may be deemed to have or share beneficial ownership"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"other than to the extent of any pecuniary interest"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many MNR common units did Tom L. Ward's trust buy, and at what prices?
The Tom L. Ward 1992 Revocable Living Trust purchased 55,000 common units on November 9, 2026, at a weighted average of $9.21 per unit, with individual prices ranging from $9.14 to $9.27. It purchased another 55,000 common units on November 10, 2026, at a weighted average of $9.13 per unit, with individual prices ranging from $9.05 to $9.24. No Rule 10b5-1 plan is reported.
What other MNR common-unit holdings did Tom L. Ward report?
As of November 9, 2026, the ownership table reports 14,315,136 common units held directly by Tom L. Ward, plus 421,100 held by Mach Resources LLC, 167,030 by the Tom L. Ward Family Foundation, and 76,628 by WCT Resources LLC. Ward may be deemed to share beneficial ownership of the entity-held units but disclaims it except to the extent of any direct or indirect pecuniary interest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
