Aristeia Capital (SM) discloses 13M-share position in SM Energy Company

Rhea-AI Filing Summary

Aristeia Capital, L.L.C. filed as a large shareholder of SM Energy Company, reporting beneficial ownership of 13,000,649 shares of SM Energy common stock. This represents 5.47% of the outstanding shares, based on 239,748,701 shares outstanding as of July 23, 2026, as reported by SM Energy.

Aristeia Capital has sole voting power and sole dispositive power over all 13,000,649 shares, with no shared voting or dispositive authority. The filing identifies Aristeia Capital as organized in Delaware and acting in an investment adviser capacity. The Schedule 13G is signed by Andrew B. David as Chief Operating Officer of Aristeia Capital.

Key Figures

Beneficial ownership: 13,000,649 shares Percent of class: 5.47% Shares outstanding: 239,748,701 shares +2 more

5 metrics

Beneficial ownership 13,000,649 shares Shares of SM Energy common stock beneficially owned by Aristeia Capital

Percent of class 5.47% Portion of SM Energy outstanding common stock held by Aristeia Capital

Shares outstanding 239,748,701 shares SM Energy shares outstanding as of July 23, 2026, used for ownership calculation

Sole voting power 13,000,649 shares Shares over which Aristeia Capital has sole power to vote or direct the vote

Sole dispositive power 13,000,649 shares Shares over which Aristeia Capital has sole power to dispose or direct disposition

Key Terms

beneficial owner, Sole Voting Power, Sole Dispositive Power, Schedule 13G, +1 more

5 terms

beneficial owner financial

"The Reporting Person may be deemed the beneficial owner of 13,000,649 shares"

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 Power financial

"5 | Sole Voting Power 13,000,649.00 6 | Shared Voting Power 0.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

Sole Dispositive Power financial

"7 | Sole Dispositive Power 13,000,649.00 8 | Shared Dispositive Power 0.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Schedule 13G regulatory

"This percentage was determined and reported on a Schedule 13G filing"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

Percent of class financial

"(b) | Percent of class: 5.47%"

Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.

FAQ

What percentage of SM (SM Energy Company) does Aristeia Capital report owning?

Aristeia Capital reports beneficial ownership of 5.47% of SM Energy’s common stock. This is based on owning 13,000,649 shares out of 239,748,701 shares outstanding as of July 23, 2026.

How many SM Energy (SM) shares does Aristeia Capital beneficially own?

Aristeia Capital beneficially owns 13,000,649 shares of SM Energy common stock. This position corresponds to 5.47% of the company’s outstanding shares, using the share count reported by SM Energy as of July 23, 2026.

Does Aristeia Capital have sole or shared voting power over its SM (SM Energy) shares?

Aristeia Capital has sole voting power over 13,000,649 shares of SM Energy and no shared voting power. It also holds sole dispositive power over the same number of shares, with zero shared dispositive power.

What is the basis for the 5.47% ownership calculation in SM (SM Energy)?

The 5.47% ownership is calculated by dividing 13,000,649 shares by 239,748,701 shares outstanding. The 239,748,701 outstanding shares figure comes from SM Energy’s report of shares outstanding as of July 23, 2026.

Who signed the Schedule 13G filing related to SM (SM Energy) for Aristeia Capital?

The Schedule 13G was signed by Andrew B. David, Chief Operating Officer of Aristeia Capital, L.L.C. His signature attests to the accuracy of the reported beneficial ownership and related information in the filing.

Where is Aristeia Capital, L.L.C., the SM (SM Energy) shareholder, organized and located?

Aristeia Capital, L.L.C. is organized in Delaware. Its principal business office is listed as One Greenwich Plaza, Suite 300, Greenwich, CT 06830 in the ownership report regarding SM Energy common stock.

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Available on EDGAR 08/14/2026 - 10:02 AM Accepted by SEC EDGAR 08/14/2026 - 10:02 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

SM Energy Company

(Name of Issuer)

Common stock, $0.01 par value

(Title of Class of Securities)

78454L100

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 78454L100

1

Names of Reporting Persons

Aristeia Capital, L.L.C.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 13,000,649.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 13,000,649.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

13,000,649.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.47 %

12

Type of Reporting Person (See Instructions)

IA, OO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: SM Energy Company
(b)	Address of issuer's principal executive offices: 1700 Lincoln Street, Suite 3200, Denver, Colorado 80203
Item 2.
(a)	Name of person filing: Aristeia Capital, L.L.C.
(b)	Address or principal business office or, if none, residence: One Greenwich Plaza, Suite 300, Greenwich, CT 06830
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common stock, $0.01 par value
(e)	CUSIP Number(s): 78454L100
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 13,000,649 The Reporting Person may be deemed the beneficial owner of 13,000,649 shares of Common stock, which is approximately 5.47% of the outstanding shares. This percentage was determined by dividing 13,000,649 by 239,748,701, which is the number of shares outstanding as of July 23, 2026, as reported in the Issuer's 10-Q filed with the SEC on August 6, 2026.
(b)	Percent of class: 5.47%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 13,000,649
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 13,000,649
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Aristeia Capital, L.L.C.

Signature:	/s/ Andrew B. David
Name/Title:	Andrew B. David / Chief Operating Officer, Aristeia Capital, L.L.C.
Date:	08/14/2026