Murphy USA (MUSA) director James W. Keyes sells 2,339 shares in open-market trade

Rhea-AI Filing Summary

Murphy USA Inc. director James W. Keyes reported an open-market sale of Common Stock. On June 1, 2026, he sold 2,339 shares at a price of $511.00 per share.

After this transaction, Keyes directly holds 15,366 shares of Murphy USA Inc. Common Stock, so he maintains a significant ongoing ownership position in the company even after the sale.

Insider Trade Summary

Net Seller: 2,339 shares ($1,195,229)

Net Sell 1 txn

Insider Keyes James W

Role null

Sold 2,339 shs ($1.20M)

Type	Security	Shares	Price	Value
Sale	Common Stock	2,339	$511.00	$1.20M

Holdings After Transaction: Common Stock — 15,366 shares (Direct, null)

Footnotes (1)

Key Figures

Shares sold: 2,339 shares Sale price: $511.00 per share Shares held after transaction: 15,366 shares

3 metrics

Shares sold 2,339 shares Open-market sale on June 1, 2026

Sale price $511.00 per share Common Stock transaction price

Shares held after transaction 15,366 shares Post-transaction direct ownership

Key Terms

open-market sale, Common Stock, Form 4

3 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.

Common Stock financial

"security_title: "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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.

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Form 4 Insider Transactions: What Each Field Means →

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^*

Keyes James W

(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)
06/01/2026

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	06/01/2026		S		2,339	D	$511	15,366	D

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	06/03/2026
	** 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)

FAQ

What insider transaction did Murphy USA (MUSA) disclose for James W. Keyes?

Murphy USA director James W. Keyes disclosed an open-market sale of Common Stock. He sold 2,339 shares on June 1, 2026 at $511.00 per share, as reported in a Form 4 insider trading filing.

How many Murphy USA (MUSA) shares did James W. Keyes sell and at what price?

James W. Keyes sold 2,339 shares of Murphy USA Common Stock. The reported transaction price was $511.00 per share, reflecting an open-market sale recorded in the Form 4 insider trading report.

How many Murphy USA (MUSA) shares does James W. Keyes hold after the sale?

After the June 1, 2026 transaction, James W. Keyes holds 15,366 shares of Murphy USA Common Stock directly. This post-transaction figure comes from the Form 4 and represents his remaining reported ownership position.

Was the Murphy USA (MUSA) insider trade by James W. Keyes a purchase or a sale?

The insider trade reported by James W. Keyes was a sale. The Form 4 lists transaction code “S,” indicating an open-market or private sale of 2,339 Murphy USA Common Stock shares at $511.00 per share.

What does transaction code "S" mean in the Murphy USA (MUSA) Form 4 filing?

In the Murphy USA Form 4, transaction code “S” denotes a sale of securities. For James W. Keyes, it indicates an open-market sale of 2,339 shares of Common Stock at a reported price of $511.00 per share.