MURPHY USA (MUSA): Insider Sale of 1,859 Shares ($717,986) via NYSE

Transaction summary: The Form 144 shows an insider of Murphy USA Inc. (MUSA) acquired and immediately sold 1,859 common shares via a stock option exercise.

Rhea-AI Filing Summary

Transaction summary: The Form 144 shows an insider of Murphy USA Inc. (MUSA) acquired and immediately sold 1,859 common shares via a stock option exercise. The sale was executed through Fidelity Brokerage Services LLC on the NYSE for an aggregate market value of $717,986.20. The filer reports 19,292,355 shares outstanding for the issuer, so the blocks represent about 0.01% of outstanding stock.

Context and implications: The filing indicates payment in cash and that there were no other sales in the past three months for the reporting person. This appears to be a routine option exercise followed by an immediate sale through an institutional broker, with no additional disclosures or remarks raising material concerns in the form itself.

Insights

Securities Analyst

TL;DR: Small, routine insider option exercise and sale; immaterial to market capitalization.

The reported sale of 1,859 shares totaling $717,986.20 is negligible relative to the issuer's reported 19,292,355 shares outstanding (about 0.01%). Executed through a major broker on the NYSE and paid in cash, the transaction reads as a routine liquidity event following an option exercise rather than a strategic change in ownership. The filer also reports no other dispositions in the prior three months, supporting the view that this is not part of a steady selling pattern.

Corporate Governance Expert

TL;DR: Disclosure is standard and complete for a Rule 144 sale; no governance red flags in the filing.

The Form 144 lists the nature of acquisition as a stock option exercise and provides broker, share count, aggregate value, and exchange details, meeting typical disclosure expectations. The representation that the signer is not aware of undisclosed material adverse information is included as required. Given the small size of the sale and the absence of other recent sales, there is no immediate governance concern evident from this notice alone.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did the Murphy USA (MUSA) Form 144 report?

The filing reports an insider acquired and sold 1,859 common shares following a stock option exercise, executed through Fidelity on the NYSE.

How much was the sale worth in the MUSA Form 144?

The aggregate market value reported for the 1,859 shares was $717,986.20.

When was the MUSA transaction executed and how was it paid?

The acquisition and approximate sale date are listed as 08/12/2025, and the filing states payment was made in cash.

What portion of Murphy USA's outstanding shares does this sale represent?

Based on the filing's 19,292,355 shares outstanding, the 1,859-share sale represents about 0.01% of outstanding common stock.

Were there other sales by this person in the past three months?

The Form 144 indicates Nothing to Report for securities sold during the past three months by the reporting person.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/12/2025 - 12:49 PM EDT Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001381734
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Murphy USA Inc.
SEC File Number	001-35914
Address of Issuer	200 PEACH STREET EL DORADO ARKANSAS 71730-5836
Phone	(870) 875-7600
Name of Person for Whose Account the Securities are To Be Sold	West Malynda K
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	1859	717986.20	19292355	08/12/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	08/12/2025	Stock Option Exercise	Issuer			1859	08/12/2025	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	08/12/2025
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Jennifer Ruchti, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Malynda West
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)