Talos Energy (TALO) major holder sells 434K shares, keeps 40.8M

Filing Impact

(Very High)

Filing Sentiment

(Very Negative)

Form Type

Rhea-AI Filing Summary

Control Empresarial de Capitales S.A. de C.V., a more than ten percent owner of TALOS ENERGY INC., reported open-market sales of a total of 434,000 common shares on May 18–19, 2026.

The shares were sold in multiple transactions at weighted average prices of $16.3793 and $16.3801, within disclosed intraday price ranges. After these sales, the reporting person still directly owns 40,799,604 common shares, indicating it remains a large shareholder of Talos Energy.

Insider Trade Summary

Net Seller: 434,000 shares ($7,108,736)

Net Sell 2 txns

Insider Control Empresarial de Capitales S.A. de C.V.

Role null

Sold 434,000 shs ($7.11M)

Type	Security	Shares	Price	Value
Sale	Common Shares (as defined in Exhibit 99.1 hereto)	150,000	$16.3801	$2.46M
Sale	Common Shares (as defined in Exhibit 99.1 hereto)	284,000	$16.3793	$4.65M

Holdings After Transaction: Common Shares (as defined in Exhibit 99.1 hereto) — 40,799,604 shares (Direct, null)

Footnotes (1)

Weighted average price. These shares were sold in multiple transactions at prices ranging from $16.35 to $16.4685 inclusive. The reporting persons undertake to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the shares sold at each separate price within the range set forth in this footnote (1) to this Form 4. Weighted average price. These shares were sold in multiple transactions at prices ranging from $16.28 to $16.45 inclusive. The reporting persons undertake to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the shares sold at each separate price within the range set forth in this footnote (2) to this Form 4. See attached Exhibit 99.1 to this Form 4, which is hereby incorporated herein by reference.

Key Figures

Shares sold May 18, 2026: 284,000 shares Shares sold May 19, 2026: 150,000 shares Total shares sold: 434,000 shares +1 more

4 metrics

Shares sold May 18, 2026 284,000 shares Open-market sale at $16.3793 weighted average price

Shares sold May 19, 2026 150,000 shares Open-market sale at $16.3801 weighted average price

Total shares sold 434,000 shares Net shares sold across both transaction dates

Shares held after transactions 40,799,604 shares Direct ownership after May 19, 2026 sale

Key Terms

open-market sale, weighted average price, more than ten percent owner, Common Shares

4 terms

open-market sale financial

"transaction_action: "open-market sale" for both non-derivative transactions"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

weighted average price financial

"Weighted average price. These shares were sold in multiple transactions at prices ranging"

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.

more than ten percent owner financial

""is_ten_percent_owner": 1 for the reporting person in the insider data"

Common Shares financial

"security_title: "Common Shares (as defined in Exhibit 99.1 hereto)""

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

Form 4 Insider Transactions: What Each Field Means →

05/20/2026 - 04:29 PM

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^*

Control Empresarial de Capitales S.A. de C.V.

(Last)

(First)

(Middle)

PASEO DE LAS PALMAS 781, PISO 3

LOMAS DE CHAPULTEPEC

(Street)

CIUDAD DE MEXICO

11000

(City)

(State)

(Zip)

MEXICO

(Country)

2. Issuer Name and Ticker or Trading Symbol
TALOS ENERGY INC. [ TALO ]

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

Director	X	10% Owner
Officer (give title below)	X	Other (specify below)
		Add'l Rep. Persons-see Ex.99-1

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/18/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares (as defined in Exhibit 99.1 hereto)	05/18/2026		S		284,000	D	$16.3793⁽¹⁾	40,949,604	D⁽³⁾
Common Shares (as defined in Exhibit 99.1 hereto)	05/19/2026		S		150,000	D	$16.3801⁽²⁾	40,799,604	D⁽³⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Weighted average price. These shares were sold in multiple transactions at prices ranging from $16.35 to $16.4685 inclusive. The reporting persons undertake to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the shares sold at each separate price within the range set forth in this footnote (1) to this Form 4.

2. Weighted average price. These shares were sold in multiple transactions at prices ranging from $16.28 to $16.45 inclusive. The reporting persons undertake to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the shares sold at each separate price within the range set forth in this footnote (2) to this Form 4.

3. See attached Exhibit 99.1 to this Form 4, which is hereby incorporated herein by reference.

	/s/ MARCO ANTONIO SLIM DOMIT, ATTORNEY-IN-FACT	05/20/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did Talos Energy (TALO) disclose in this Form 4?

Talos Energy disclosed that a major shareholder, Control Empresarial de Capitales S.A. de C.V., sold 434,000 common shares in open-market transactions. These trades occurred over two days while the shareholder retained a sizable remaining position in the company.

How many Talos Energy (TALO) shares were sold and at what prices?

The reporting shareholder sold 434,000 Talos Energy common shares. Weighted average prices were $16.3793 on May 18, 2026 and $16.3801 on May 19, 2026, with individual trades executed within narrow intraday ranges around those levels.

How many Talos Energy (TALO) shares does the reporting person still hold?

Following the reported sales, the shareholder directly holds 40,799,604 Talos Energy common shares. This post-transaction balance shows the entity continues to own a large equity stake even after disposing of 434,000 shares in recent open-market transactions.

Were the Talos Energy (TALO) insider sales single trades or multiple transactions?

The sales were executed as multiple transactions on each day at different prices. Footnotes state the May 18 trades ranged from $16.28 to $16.45, and May 19 trades ranged from $16.35 to $16.4685, with weighted average prices reported for each date.

Who is the reporting person in this Talos Energy (TALO) Form 4?

The reporting person is Control Empresarial de Capitales S.A. de C.V., identified as a more than ten percent owner of Talos Energy common shares. The filing notes additional reporting persons in an attached Exhibit 99.1 referenced in the footnotes.