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PrimeEnergy Resources (PNRG) insider details 56.7% beneficial stake

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

PrimeEnergy Resources Corp’s Chairman and CEO, Charles E. Drimal Jr., filed Amendment No. 11 to update his beneficial ownership in the company’s common stock.

He reports beneficial ownership of 1,323,070 shares, which includes 520,644 shares he directly holds, 697,500 options with strike prices between $1.00 and $1.25 that are presently exercisable, and 104,926 shares over which he has sole voting power through voting agreements.

Based on 1,635,000 shares outstanding as of November 12, 2025 plus the 697,500 exercisable options, he may be deemed to beneficially own 56.7% of the outstanding shares. No shares were bought or sold; the amendment mainly reflects the termination of certain prior voting agreements and the execution of new agreements with Jan K. Smeets and the William Nygren Revocable Trust, effective through December 31, 2026. Drimal states he has no dispositive power or pecuniary interest in the shares covered by these voting agreements and no current plans for major corporate changes.

Positive

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Negative

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Insights

Amended filing updates a controlling insider’s voting arrangements without new share purchases or sales.

Charles E. Drimal Jr., PrimeEnergy’s Chairman, CEO and President, updates his reported beneficial ownership to 1,323,070 shares, including 697,500 presently exercisable options and 104,926 shares covered by voting agreements. On this basis, he may be deemed to control 56.7% of outstanding shares.

The amendment clarifies that no shares were traded and that changes arise from replacing and expiring voting agreements. Drimal has sole voting but no dispositive power or pecuniary interest in the 104,926 agreement shares; dividends and sale proceeds remain with the record holders.

He also indicates no current plans for acquisitions, dispositions, or major corporate actions such as mergers, asset sales, governance changes, or listing status changes. Overall, this looks like an administrative update to reflect current voting arrangements rather than a new strategic move.






If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






SCHEDULE 13D




Comment for Type of Reporting Person:
(1) Includes 520,644 shares as to which Mr. Drimal has sole voting and dispositive power, 697,500 shares subject to options, all presently exercisable, and 104,926 shares as to which Mr. Drimal has sole voting power pursuant to voting agreements. (2) Includes 520,644 shares as to which Mr. Drimal has sole voting and dispositive power and 697,500 shares subject to options, all presently exercisable. (3) Based on (i) 1,635,000 shares of Common Stock outstanding as of November 12, 2025 as disclosed on the Issuer's Quarterly Report on Form 10-Q for the three months ended September 30, 2025, and (ii) 697,500 shares subject to options, all presently exercisable.


SCHEDULE 13D


DRIMAL CHARLES E JR
Signature:/s/ Charles E. Drimal, Jr.
Name/Title:Charles E. Drimal, Jr.
Date:02/12/2026

FAQ

What does the latest Schedule 13D/A for PNRG disclose about Charles E. Drimal Jr.’s ownership?

The amendment reports Charles E. Drimal Jr. beneficially owning 1,323,070 PrimeEnergy shares. This total includes directly held shares, presently exercisable options, and shares subject to voting agreements, representing 56.7% of outstanding common stock based on 1,635,000 shares plus those options.

How is Charles E. Drimal Jr.’s 1,323,070-share beneficial stake in PNRG structured?

His reported beneficial stake includes 520,644 shares with sole voting and dispositive power, 697,500 options with $1.00–$1.25 strike prices that are presently exercisable, and 104,926 shares where he holds sole voting power under specific voting agreements with two holders.

Did Charles E. Drimal Jr. buy or sell any PrimeEnergy (PNRG) shares in this Schedule 13D/A update?

No shares were bought or sold by Charles E. Drimal Jr. The amendment instead reflects changes in voting agreements that affect his beneficial ownership calculation, including terminations of certain prior agreements and new agreements signed on February 11, 2026 with two shareholders.

What voting agreements affecting PNRG shares does Charles E. Drimal Jr. currently have?

He holds sole voting power over 50,000 shares owned by Jan K. Smeets and 54,926 shares owned by the William Nygren Revocable Trust. These February 11, 2026 voting agreements run through December 31, 2026 and may be renewed by mutual written agreement between the parties.

How is the 56.7% beneficial ownership percentage for PNRG calculated in the filing?

The 56.7% figure is based on 1,635,000 PrimeEnergy common shares outstanding as of November 12, 2025, plus 697,500 shares subject to options that are presently exercisable. Applying these figures, the filing states that Charles E. Drimal Jr. may be deemed the beneficial owner of 56.7% of the issuer’s outstanding shares.

Does Charles E. Drimal Jr. have economic rights to the PNRG shares under the voting agreements?

He has no dispositive power or pecuniary interest in the 104,926 shares covered by the voting agreements. The respective holders retain rights to dividends and sale proceeds, while Drimal’s rights relate solely to voting those shares under the agreed terms until the agreements expire or are renewed.