SM files Form 144 to sell 100,000 shares

SM filed a Form 144 notifying the sale of 100,000 shares with an aggregate amount of $3,256,000.00.

Rhea-AI Filing Summary

SM filed a Form 144 notifying the sale of 100,000 shares with an aggregate amount of $3,256,000.00. The filing lists 238,359,166 (a related figure) with an associated date of 03/26/2026.

The notice itemizes prior acquisitions by date and source (stock awards, ESPP, open market purchases) including a 82,769-share stock award dated 09/01/2022. The filing is a routine affiliate resale notice under Form 144.

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Form 144 filed to effect an affiliate resale of 100,000 shares.

The filing explicitly identifies 100,000 shares and an aggregate amount of $3,256,000.00, and associates 238,359,166 with the date 03/26/2026. It lists historical acquisition entries by grant date and method (stock awards, ESPP, open‑market purchases).

As a compliance matter, this document serves as a notice of proposed sale by an affiliate; timing and distribution mechanics are not detailed in the excerpt. Subsequent Form 4 or broker reports may show executed transactions.

FAQ

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

What does SM's Form 144 report?

It reports a proposed sale of 100,000 shares with an aggregate amount of $3,256,000.00. The filing lists historical acquisitions by date and method, and shows the figure 238,359,166 tied to 03/26/2026.

Does the Form 144 show when the shares will be sold?

No specific sale timing is included in the excerpt. The filing lists the 100,000-share proposed amount and transaction history, but the exact execution date or distribution method is not provided in the provided content.

What acquisition history is shown in the filing for SM insiders?

The excerpt itemizes multiple grants and purchases by date and method, including a 82,769-share stock award on 09/01/2022 and numerous ESPP and open‑market purchases by earlier dates and amounts.

Will this Form 144 cause dilution to SM shareholders?

Form 144 itself notifies resale by an affiliate and does not create new shares. The excerpt lists 100,000 shares proposed for sale; any dilution would depend on whether shares sold are treasury or newly issued, which is not specified here.

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

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Accepted by SEC EDGAR 03/26/2026 - 03:09 PM 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	0001544288
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	SM Energy Co
SEC File Number	001-31539
Address of Issuer	1700 LINCOLN STREET SUITE 3200 DENVER COLORADO 80203
Phone	303-861-8140
Name of Person for Whose Account the Securities are To Be Sold	Vogel Herbert S
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	Policy-Making Officer

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	Fidelity Brokerage Services LLC 245 Summer Street Boston MA 02110	100000	3256000.00	238359166	03/26/2026	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	07/02/2012	Stock Award	Issuer			584	07/02/2012	Cash
Common	12/31/2012	ESPP	Issuer			148	12/31/2012	Cash
Common	06/28/2013	ESPP	Issuer			145	06/28/2013	Cash
Common	07/01/2013	Stock Award	Issuer			576	07/01/2013	Compensation
Common	07/01/2013	Stock Award	Issuer			530	07/01/2013	Compensation
Common	12/31/2013	ESPP	Issuer			135	12/31/2013	Cash
Common	02/25/2014	Open Market Purchase	Open Mkt			1000	02/25/2014	Cash
Common	06/30/2014	ESPP	Issuer			102	06/30/2014	Cash
Common	07/01/2014	Stock Award	Issuer			2322	07/01/2014	Compensation
Common	11/19/2014	Open Market Purchase	Open Mkt			1000	11/19/2014	Cash
Common	12/31/2014	ESPP	Issuer			195	12/31/2014	Cash
Common	06/08/2015	Open Market Purchase	Open Mkt			1000	06/08/2015	Cash
Common	06/09/2015	Open Market Purchase	Open Mkt			400	06/09/2015	Cash
Common	06/30/2015	ESPP	Issuer			618	06/30/2015	Cash
Common	07/01/2015	Stock Award	Issuer			6064	07/01/2015	Compensation
Common	09/01/2022	Stock Award	Issuer			82769	09/01/2022	Compensation
Common	07/01/2024	Stock Award	Issuer			2412	07/01/2024	Compensation

* 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	03/26/2026
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	/s/ Ariadna Gonzalez as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Vogel Herbert S
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)