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PrimeEnergy (NASDAQ: PNRG) director moves to sell decades-old stake

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

PRIMEENERGY RESOURCES CORP (PNRG) has a notice of proposed sale of restricted or control securities filed under Rule 144 for the account of director Clint Hurt. The filing covers a proposed sale of 10,000 shares of PNRG common stock through RBC Capital Markets LLC on NASDAQ.

The shares have an indicated aggregate market value of $2,080,000, and the class of common stock has 1,582,600 shares outstanding. The securities listed for sale were originally acquired on October 7, 1987 in connection with the merger of Sterling Drilling & KRM. The notice is signed on behalf of the seller by POA Jeff Kapala dated August 25, 2026.

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Shares proposed for sale 10,000 shares of common stock Number of PRIMEENERGY RESOURCES CORP shares covered by the Rule 144 notice
Aggregate market value of shares $2,080,000 Value of the 10,000 PRIMEENERGY RESOURCES CORP shares listed for sale
Shares outstanding 1,582,600 shares PRIMEENERGY RESOURCES CORP common stock outstanding for this class
Acquisition date of shares October 7, 1987 Date the 10,000 shares were acquired via merger of Sterling Drilling & KRM
Signature date August 25, 2026 Date POA Jeff Kapala signed the Rule 144 notice
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.
Form 144 regulatory
"144: Filer Information"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
restricted or control securities regulatory
"notice of proposed sale of restricted or control securities filed under Rule 144"
aggregate market value financial
"10000 | 2080000.00 | 1582600"
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.
merger financial
"MERGER OF STERLING DRILLING & KRM"
A merger is when two companies combine into a single business, with ownership and control reorganized so they operate as one entity. For investors it matters because mergers can change the value and risk of holdings—shares may be exchanged, diluted, or rise if the combined company saves costs or gains market power, and the deal often depends on regulatory approval and successful integration like two households joining resources and routines.

FAQ

What sale is being proposed in this Form 144 for PNRG?

The notice covers a proposed sale of 10,000 shares of PRIMEENERGY RESOURCES CORP common stock for the account of director Clint Hurt, to be executed through RBC Capital Markets LLC on NASDAQ under Rule 144.

What is the aggregate market value of the PNRG shares in this Form 144?

The filing states an aggregate market value of $2,080,000 for the 10,000 PRIMEENERGY RESOURCES CORP common shares covered by this Rule 144 notice.

How many PNRG common shares are outstanding according to this filing?

The Rule 144 notice reports that the class of PRIMEENERGY RESOURCES CORP common stock has 1,582,600 shares outstanding, providing context for the size of the proposed 10,000‑share sale.

Who is the beneficial owner in this PNRG Form 144 and what is their role?

The securities are to be sold for the account of Clint Hurt, who is identified in the notice as a Director of PRIMEENERGY RESOURCES CORP.

When and how were the PNRG shares proposed for sale originally acquired?

The filing states the 10,000 PRIMEENERGY RESOURCES CORP common shares were acquired on October 7, 1987 through the merger of Sterling Drilling & KRM.

Who signed the PNRG Form 144 notice and on what date?

The notice is signed by POA Jeff Kapala on behalf of the seller, with a signature date of August 25, 2026.

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

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature