SM Energy (NYSE: SM) insider plans sale of 17,500 shares

Rhea-AI Filing Summary

SM Energy Co (SM) received a notice on Form 144 indicating that officer James Barker Lebeck plans to sell 17,500 shares of common stock through Morgan Stanley Smith Barney LLC. The proposed sale has an aggregate market value of $647,876.25, with 237,854,068 shares of common stock stated as outstanding. The shares relate to awards identified as restricted stock and performance shares acquired on various dates.

Key Figures

Shares proposed to be sold: 17,500 shares of common stock Aggregate market value of shares to be sold: $647,876.25 Securities outstanding: 237,854,068 shares of common stock +3 more

6 metrics

Shares proposed to be sold 17,500 shares of common stock Notice of proposed sale under Rule 144

Aggregate market value of shares to be sold $647,876.25 For 17,500 shares of SM Energy common stock

Securities outstanding 237,854,068 shares of common stock Shares of SM Energy common stock stated as outstanding

Restricted Stock acquired 07/01/2026 12,517 shares Listed as Restricted Stock from Issuer in securities to be sold

Performance Shares acquired 07/01/2026 4,229 shares Listed as Performance Shares from Issuer in securities to be sold

Restricted Stock acquired 07/01/2025 754 shares Listed as Restricted Stock from Issuer in securities to be sold

Key Terms

Rule 144, Restricted Stock, Performance Shares, Form 144

4 terms

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.

Restricted Stock financial

"Common | 07/01/2026 | Restricted Stock | Issuer"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

Performance Shares financial

"Common | 07/01/2026 | Performance Shares | Issuer"

Performance shares are a type of company stock given to executives or employees that only become theirs if the company meets specific goals, like hitting certain profits or growth targets. They motivate leaders to work toward the company’s success, because their additional shares depend on achieving these results.

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.

FAQ

What does the Form 144 filing by SM (SM Energy Co) disclose?

It discloses that officer James Barker Lebeck has filed a notice of intent to sell 17,500 shares of SM Energy common stock, with an aggregate market value of $647,876.25, in accordance with Rule 144 resale requirements.

How many SM Energy (SM) shares are covered by this Form 144 notice?

The notice covers a proposed sale of 17,500 shares of SM Energy common stock. Supporting detail shows these shares tied to 12,517 restricted stock shares and 4,229 performance shares from 07/01/2026 and 754 restricted stock shares from 07/01/2025.

What is the stated market value of the SM Energy (SM) shares in the Form 144?

The filing states an aggregate market value of $647,876.25 for the 17,500 shares of SM Energy common stock covered by the Form 144 notice of proposed sale.

How many SM Energy (SM) shares are outstanding according to the Form 144?

The Form 144 lists 237,854,068 shares of SM Energy common stock as securities outstanding, providing context for the size of the proposed 17,500-share sale.

Who is the broker named in the SM Energy (SM) Form 144 filing?

The broker listed is Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, 8th Floor, New York, NY 10004, which is identified in connection with the proposed sale of 17,500 SM Energy common shares.

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Available on EDGAR 08/21/2026 - 05:12 PM Accepted by SEC EDGAR 08/21/2026 - 05:11 PM 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	0001963802
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 COMPANY
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	JAMES LEBECK
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	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	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	17500	647876.25	237854068	08/21/2026	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	07/01/2026	Restricted Stock	Issuer			12517	07/01/2026	Not Applicable
Common	07/01/2026	Performance Shares	Issuer			4229	07/01/2026	Not Applicable
Common	07/01/2025	Restricted Stock	Issuer			754	07/01/2025	Not Applicable

* 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	08/21/2026
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/ James Barker Lebeck
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)