Murphy USA director-related trust sells 41,500 shares

Murphy USA Inc. director Robert Madison Murphy reported indirect open-market sales of company common stock by a trust associated with him.

Rhea-AI Filing Summary

Murphy USA Inc. director Robert Madison Murphy reported indirect open-market sales of company common stock by a trust associated with him. On May 4, 2026, the trust sold 15,500 shares at $596.90 and 26,000 shares at $597.00, totaling 41,500 shares. Following these transactions, the trust held 342,212 shares of Murphy USA common stock. He also reported indirect holdings of 2,308 shares as trustee for his children and 41,379 shares held by his spouse.

Insights

Equity ownership analyst

Director-related trust sells 41,500 Murphy USA shares but retains a large stake.

The filing shows a trust associated with director Robert Madison Murphy executed open-market sales of 41,500 Murphy USA common shares at prices near $597 on May 4, 2026. These are explicit S-code open-market transactions.

After the sales, the trust still held 357,712 shares, indicating a substantial remaining indirect position. Additional indirect holdings include 2,308 shares held as trustee for his children and 41,379 shares held by his spouse, so the sales represent only part of his overall indirect exposure.

There is no derivative activity in this filing, and no reference to a Rule 10b5-1 trading plan in the provided data. The transactions therefore read as notable discretionary sales by an affiliated trust, but their broader significance depends on factors not described here, such as total company float and prior trading patterns.

Insider Trade Summary

Net Seller: 41,500 shares

Net Sell 4 txns

Insider MURPHY ROBERT MADISON

Role Director

Sold 41,500 shs ($24.77M)

Type	Security	Shares	Price	Value
Sale	Common Stock	26,000	$597.00	$15.52M
Sale	Common Stock	15,500	$596.90	$9.25M
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 342,212 shares (Indirect, By Trust); Common Stock — 41,379 shares (Indirect, By Spouse); Common Stock — 2,308 shares (Indirect, Trustee For My Children)

Key Figures

Shares sold tranche 1: 15,500 shares at $596.90 Shares sold tranche 2: 26,000 shares at $597.00 Trust holdings after sales: 357,712 shares +3 more

6 metrics

Shares sold tranche 1 15,500 shares at $596.90 Open-market sale on May 4, 2026 by trust

Shares sold tranche 2 26,000 shares at $597.00 Open-market sale on May 4, 2026 by trust

Trust holdings after sales 357,712 shares Indirect ownership by trust following transactions

Spouse indirect holdings 41,379 shares Indirect ownership classified as By Spouse

Children trust holdings 2,308 shares Indirect ownership as Trustee For My Children

Total shares sold 41,500 shares Sum of S-code open-market sales reported

Key Terms

open-market sale, indirect ownership, Form 4, By Trust, +2 more

6 terms

open-market sale financial

"transaction_action": "open-market sale""

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

""ownership_type": "indirect", "ownership_code": "I""

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

By Trust financial

""nature_of_ownership": "By Trust""

By Spouse financial

""nature_of_ownership": "By Spouse""

Trustee For My Children financial

""nature_of_ownership": "Trustee For My Children""

FAQ

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

What insider stock sales were reported for Murphy USA (MUSA) by Robert Madison Murphy?

Director Robert Madison Murphy reported indirect open-market sales by a related trust totaling 41,500 Murphy USA common shares on May 4, 2026, executed in two tranches at prices of $596.90 and $597.00 per share.

At what prices did the trust associated with Robert Madison Murphy sell Murphy USA (MUSA) shares?

A trust associated with director Robert Madison Murphy sold Murphy USA common stock at $596.90 per share for 15,500 shares and $597.00 per share for 26,000 shares, according to the reported Form 4 transactions.

How many Murphy USA (MUSA) shares does the related trust hold after the reported sales?

Following the reported open-market sales, the trust associated with director Robert Madison Murphy held 357,712 shares of Murphy USA common stock. This figure reflects the trust’s indirect ownership position after completing the two tranches totaling 41,500 shares sold.

What additional indirect Murphy USA (MUSA) holdings are reported for Robert Madison Murphy?

Beyond the trust, Robert Madison Murphy reported 2,308 Murphy USA shares held as trustee for his children and 41,379 shares held by his spouse, both classified as indirect ownership in the Form 4 filing data.

Does the Form 4 for Murphy USA (MUSA) show any option exercises or derivative transactions?

No, the provided Form 4 data shows no derivative transactions or option exercises. It only reports open-market sales of common stock by a trust, plus updated indirect holding balances for shares held for his children and by his spouse.

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

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Accepted by SEC EDGAR 05/06/2026 - 04:30 PM EDT Learn about SEC filing dates

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^*

MURPHY ROBERT MADISON

(Last) (First) (Middle)

200 PEACH STREET

(Street)

EL DORADO ARKANSAS 71730

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Murphy USA Inc. [ MUSA ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/04/2026

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	05/04/2026		S		26,000	D	$597	357,712	I	By Trust
Common Stock	05/04/2026		S		15,500	D	$596.9	342,212	I	By Trust
Common Stock								41,379	I	By Spouse
Common Stock								2,308	I	Trustee For My Children

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:

	/s/ Gregory L. Smith, attorney-in-fact	05/06/2026
	** 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)