SM Energy counsel sells 17,500 shares at $37

Rhea-AI Filing Summary

SM Energy Co (SM) executive James Barker Lebeck, EVP, GC & Corp Secretary, reported selling 17,500 shares of common stock on 2026-08-21 in an open-market or private transaction at a weighted average price of $37.02 per share, with individual trade prices ranging from $36.85 to $37.15. Following these sales, he directly held 14,705 shares of SM Energy common stock. The filing’s Rule 10b5-1 checkbox was not marked as an affirmatively adopted trading plan.

Insider Trade Summary

Net Seller: 17,500 shares

Net Sell 1 txn

Insider Lebeck James Barker

Role EVP, GC & Corp Secretary

Sold 17,500 shs ($648K)

Type	Security	Shares	Price	Value
Sale	Common Stock, $.01 Par Value F1	17,500	$37.02	$648K

Holdings After Transaction: Common Stock, $.01 Par Value — 14,705 shares (Direct)

Footnotes (1)

1. F1. The shares were purchased in multiple transactions at prices ranging from $36.85 to $37.15, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth herein.

Key Figures

Shares sold: 17,500 shares Weighted average sale price: $37.02 per share Price range of individual trades: $36.85–$37.15 per share +1 more

4 metrics

Shares sold 17,500 shares Sale of common stock on 2026-08-21

Weighted average sale price $37.02 per share Open-market or private sale on 2026-08-21

Price range of individual trades $36.85–$37.15 per share Multiple transactions comprising the reported sale

Shares held after transaction 14,705 shares Direct ownership by James Barker Lebeck following the sale

Key Terms

Common Stock, $.01 Par Value, open market or private transaction, weighted average price

3 terms

Common Stock, $.01 Par Value financial

"security_title: "Common Stock, $.01 Par Value""

open market or private transaction financial

"transaction_code_description: "Sale in open market or private transaction""

weighted average price financial

"prices ranging from $36.85 to $37.15, inclusive"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

FAQ

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

What insider transaction did SM (SM Energy Co) report for James Barker Lebeck?

James Barker Lebeck reported a sale of 17,500 shares of SM Energy common stock on 2026-08-21 in an open-market or private transaction, as disclosed in a Form 4.

At what price did James Barker Lebeck sell SM (SM Energy Co) shares?

He sold the shares at a weighted average price of $37.02 per share, with individual trades executed at prices ranging from $36.85 to $37.15 per share.

How many SM (SM Energy Co) shares does James Barker Lebeck hold after this transaction?

After the reported sale, James Barker Lebeck directly held 14,705 shares of SM Energy common stock.

Was the SM (SM Energy Co) insider sale under a Rule 10b5-1 trading plan?

The filing’s Rule 10b5-1 checkbox was not affirmatively checked, and there is no footnote stating that the transactions were made pursuant to a Rule 10b5-1 trading plan.

What type of security did James Barker Lebeck trade in SM (SM Energy Co)?

He traded Common Stock, $.01 Par Value of SM Energy Co in a reported sale transaction.

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

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Available on EDGAR 08/24/2026 - 04:16 PM Accepted by SEC EDGAR 08/24/2026 - 04:16 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Lebeck James Barker

(Last) (First) (Middle)

1700 LINCOLN STREET

SUITE 3200

(Street)

DENVER COLORADO 80203

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SM Energy Co [ SM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, GC & Corp Secretary

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $.01 Par Value	08/21/2026		S		17,500	D	$37.02(1)	14,705	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The shares were purchased in multiple transactions at prices ranging from $36.85 to $37.15, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth herein.

Remarks:

	Andrew T. Fiske (Attorney-in-Fact)	08/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)