Affiliate sale notice for SM (NYSE: SM) — 100,000 shares proposed

Rhea-AI Filing Summary

SM Energy affiliate filed a Form 144 notifying a proposed sale of 100,000 shares. The filing lists a sale date of 03/26/2026 with a reported gross proceeds figure of $3,267,067.53. The notice also lists multiple previously issued stock awards: 600 shares (06/09/2015), 69,043 shares (07/01/2022), and 31,106 shares (07/12/2024).

Insights

Securities Attorney

Form 144 is a regulatory notice of a proposed resale by an affiliate, not proof of a completed sale.

Form 144 provides the issuer and broker details and the proposed sale quantity of 100,000 shares with a sale date of 03/26/2026. This document is procedural under Rule 144 and signals an affiliate intends to sell, subject to the transfer rules in that rule.

Whether shares are sold, the timing, and net proceeds depend on execution in the market and any applicable holding‑period or volume limitations; subsequent filings (Form 4 or a trade report) would confirm completion.

Key Figures

Proposed sale: 100,000 shares Reported gross proceeds: $3,267,067.53 Stock award (2015): 600 shares +2 more

5 metrics

Proposed sale 100,000 shares sale date 03/26/2026

Reported gross proceeds $3,267,067.53 associated with 100,000-share entry dated 03/26/2026

Stock award (2015) 600 shares award date 06/09/2015

Stock award (2022) 69,043 shares award date 07/01/2022

Stock award (2024) 31,106 shares award date 07/12/2024

Key Terms

Form 144, Stock Award, Open Market

3 terms

Form 144 regulatory

"144: Securities To Be Sold"

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.

Stock Award financial

"Common | 06/09/2015 | Stock Award | Issuer"

Open Market market

"600 | 06/09/2015 | Open Market Common"

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.

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
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

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

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	100749	2946908.25	238359166	04/27/2026	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	06/09/2015	Stock Award	Issuer			600	06/09/2015	Open Market
Common	07/01/2022	Stock Award	Issuer			69043	07/01/2022	Compensation
Common	07/01/2024	Stock Award	Issuer			31106	07/12/2024	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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Herbert S. Vogel 1700 Lincoln St, Suite 3200 Denver CO 80203	SM Energy Co	03/26/2026	100000	3267067.53

144: Remarks and Signature

Remarks

Date of Notice

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

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does SM's Form 144 report?

It reports a proposed sale of 100,000 shares with a listed sale date of 03/26/2026. The form is a notice required when affiliates plan resales; actual sale execution and net proceeds are confirmed only by subsequent trade reports.

Who is the named seller in the SM Form 144?

The filing names Herbert S. Vogel at a Denver address as the reporting person connected to the sale. The broker listed is Fidelity Brokerage Services LLC in Boston, per the filing details.

How much gross proceeds are shown on the filing?

The filing lists gross proceeds of $3,267,067.53 associated with the 100,000-share entry dated 03/26/2026. Form 144 shows the reported proceeds figure but not net proceeds after commissions or taxes.

Does Form 144 mean the shares were sold?

No—Form 144 is a notice of intent to sell by an affiliate and does not prove a completed transaction. Confirmation requires later trade reporting or a Form 4 if applicable.