PrimeEnergy director sells shares, reports 4.67% stake
The reported sales brought Hurt below the 5% beneficial-ownership threshold; he described this as his final amendment and exit filing.
Rhea-AI Filing Summary
PrimeEnergy Resources Corp (PNRG) director Clint Hurt reported open-market sales of 1,800 shares on September 2, 2026, at $230.92 per share and 6,000 shares on September 8, 2026, at $220.44 per share. He reported beneficial ownership of 73,937 shares, or 4.67% of the common stock, based on 1,582,600 shares outstanding as of August 14, 2026, and stated he was no longer a beneficial owner of more than 5%. He described this as his final amendment and exit filing.
Positive
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Negative
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Key Figures
Shares sold: 1,800 shares
Sale price: $230.92 per share
Shares sold: 6,000 shares
+4 more
7 metrics
Shares sold
1,800 shares
Open-market sale on September 2, 2026
Sale price
$230.92 per share
Open-market sale on September 2, 2026
Shares sold
6,000 shares
Open-market sale on September 8, 2026
Sale price
$220.44 per share
Open-market sale on September 8, 2026
Beneficial ownership
73,937 shares
Amount reported in the beneficial-ownership table
Beneficial ownership percentage
4.67%
Based on 1,582,600 shares outstanding as of August 14, 2026
Common shares outstanding
1,582,600 shares
As of August 14, 2026
Key Terms
beneficial owner, sole voting and investment power, open market, dispositive power
4 terms
beneficial owner financial
"may be deemed the beneficial owner of 4.67%"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
sole voting and investment power financial
"has sole voting and investment power over all 73,937 Shares"
open market financial
"effected on the open market"
An open market is a system where buying and selling of goods, services, or financial assets happen freely without restrictions or special controls. For investors, it means they can trade assets easily and quickly, which helps determine fair prices based on supply and demand. This environment encourages transparency and competition, making it easier to buy or sell with confidence.
dispositive power financial
"Sole Dispositive Power 73,937.00"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What percentage of PNRG did Clint Hurt report owning?
He reported beneficial ownership of 4.67% of PNRG's outstanding common stock, based on 1,582,600 shares outstanding as of August 14, 2026; he stated he was no longer above 5%.
AI-generated analysis. How Rhea-AI works. Not financial advice.