Obsidian director plans sale of 40,200 shares

A director of Obsidian Energy Ltd. filed to sell 40,200 NYSE-listed common shares under Rule 144, valued at about $485,616 against 67.3 million shares outstanding.

Rhea-AI Filing Summary

OBSIDIAN ENERGY LTD. (OBE) director Michael Faust filed a notice of proposed sale under Rule 144 for up to 40,200 common shares of the company. The shares are held through Charles Schwab and are associated with an aggregate market value of $485,616.00, with 67,274,326 shares outstanding cited for the issuer.

The common shares were acquired on August 6, 2024 in an open market purchase for cash and are listed on the NYSE.

Key Figures

Shares proposed to be sold: 40,200 shares Aggregate market value of shares: $485,616.00 Shares outstanding: 67,274,326 shares +1 more

4 metrics

Shares proposed to be sold 40,200 shares Common shares covered by the Rule 144 notice for Michael Faust

Aggregate market value of shares $485,616.00 Value associated with 40,200 Obsidian Energy common shares in the notice

Shares outstanding 67,274,326 shares Issuer share count cited for Obsidian Energy Ltd.

Acquisition date of shares August 6, 2024 Date the common shares were acquired via open market purchase for cash

Key Terms

Rule 144, Open Market Purchase, aggregate market value

3 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Open Market Purchase financial

"Common | 08/06/2024 | Open Market Purchase | Open Market"

An open market purchase is when a company buys its own shares on public stock exchanges the same way any investor would, rather than through a private deal. Investors care because these purchases reduce the number of shares available, can boost earnings per share and share price, signal that management thinks the stock is undervalued, and use company cash that might otherwise go to reinvestment or dividends — like a business quietly buying back its own tickets at the box office.

aggregate market value financial

"40200 | 485616.00 | 67274326 | 09/03/2026 | NYSE"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

FAQ

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

What does the Form 144 filed for OBE disclose about planned share sales?

The Form 144 states that director Michael Faust may sell up to 40,200 common shares of Obsidian Energy Ltd. under Rule 144. The filing lists an aggregate market value of $485,616.00 for these shares and cites 67,274,326 shares outstanding for the issuer.

How many Obsidian Energy (OBE) shares are covered by Michael Faust’s Form 144?

The notice covers a proposed sale of up to 40,200 common shares of Obsidian Energy Ltd. These shares are to be sold for the account of director Michael Faust through a brokerage account at Charles Schwab, according to the filing.

What is the reported market value of the Obsidian Energy (OBE) shares on the Form 144?

The filing reports an aggregate market value of $485,616.00 for the 40,200 common shares covered by the notice. This figure is used in the Rule 144 disclosure for the proposed sale of Obsidian Energy Ltd. stock.

How many Obsidian Energy (OBE) shares were outstanding as cited in the Form 144?

The Form 144 cites 67,274,326 shares outstanding for Obsidian Energy Ltd. This figure provides context for the proposed sale of 40,200 common shares under Rule 144 by director Michael Faust.

When and how were the Obsidian Energy (OBE) shares to be sold under the Form 144 acquired?

The common shares covered by the Form 144 were acquired on August 6, 2024 via an open market purchase for cash. The filing describes the transaction as an open market purchase of Obsidian Energy Ltd. common stock.

On which exchange are the Obsidian Energy (OBE) shares in the Form 144 listed?

The filing states that the common shares subject to the Form 144 are listed on the NYSE. The shares are held in an account at Charles Schwab and relate to Obsidian Energy Ltd., ticker symbol OBE.

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

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Available on EDGAR 09/03/2026 - 10:10 AM EDT Accepted by SEC EDGAR 09/03/2026 - 10:09 AM 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	0001695291
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	OBSIDIAN ENERGY LTD.
SEC File Number	001-32895
Address of Issuer	207 - 9TH AVENUE S.W. SUITE 200 CALGARY ALBERTA, CANADA T2P 1K3
Phone	403-777-2500
Name of Person for Whose Account the Securities are To Be Sold	Faust Michael
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	Director

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	Chalres Schwab Corp 3000 Schwab Way Westlake TX 76262	40200	485616.00	67274326	09/03/2026	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	08/06/2024	Open Market Purchase	Open Market			40200	08/06/2024	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	09/03/2026
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	Michael Faust
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)