Control Empresarial trims Talos Energy (TALO) stake with 2.31M-share sale

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., sold a total of 2,312,000 common shares in open-market transactions over two days. On March 26, 2026, it sold 960,000 shares at a weighted average price of $16.6545 per share in trades ranging from $16.50 to $16.895. On March 27, 2026, it sold 1,352,000 shares at a weighted average price of $16.6802 per share in trades ranging from $16.5506 to $16.81. Following these transactions, it reported holding 41,233,604 common shares directly.

Insider Trade Summary

Net Seller: 2,312,000 shares ($38,539,950)

Net Sell 2 txns

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

Role 10% Owner

Sold 2,312,000 shs ($38.54M)

Type	Security	Shares	Price	Value
Sale	Common Shares (as defined in Exhibit 99.1 hereto)	1,352,000	$16.6802	$22.55M
Sale	Common Shares (as defined in Exhibit 99.1 hereto)	960,000	$16.6545	$15.99M

Holdings After Transaction: Common Shares (as defined in Exhibit 99.1 hereto) — 41,233,604 shares (Direct)

Footnotes (1)

1. Weighted average price. These shares were sold in multiple transactions at prices ranging from $16.5506 to $16.81 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 $16.50 to $16.895 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

Total shares sold: 2,312,000 shares Shares sold on March 26, 2026: 960,000 shares Weighted average price on March 26, 2026: $16.6545 per share +3 more

6 metrics

Total shares sold 2,312,000 shares Combined open-market sales on March 26–27, 2026

Shares sold on March 26, 2026 960,000 shares Non-derivative common shares, open-market sale

Weighted average price on March 26, 2026 $16.6545 per share Trades ranged from $16.50 to $16.895

Shares sold on March 27, 2026 1,352,000 shares Non-derivative common shares, open-market sale

Weighted average price on March 27, 2026 $16.6802 per share Trades ranged from $16.5506 to $16.81

Shares held after latest sale 41,233,604 shares Common shares directly owned after March 27, 2026 transaction

Key Terms

open-market sale, weighted average price, non-derivative, ten percent owner

4 terms

open-market sale financial

"transaction_action": "open-market sale"

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"

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.

non-derivative financial

"transaction_type": "non-derivative"

ten percent owner financial

"is_ten_percent_owner": 1"

Form 4 Insider Transactions: What Each Field Means →

03/30/2026 - 08:47 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

05 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)
03/26/2026

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)	03/26/2026		S		960,000	D	$16.6545⁽¹⁾	42,585,604	D⁽³⁾
Common Shares (as defined in Exhibit 99.1 hereto)	03/27/2026		S		1,352,000	D	$16.6802⁽²⁾	41,233,604	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. 1. Weighted average price. These shares were sold in multiple transactions at prices ranging from $16.5506 to $16.81 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 $16.50 to $16.895 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	03/30/2026
	** 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 transactions did Control Empresarial report for TALOS ENERGY INC. (TALO)?

Control Empresarial reported selling 2,312,000 Talos common shares in open-market transactions over two days. It sold 960,000 shares on March 26, 2026 and 1,352,000 shares on March 27, 2026, according to the Form 4 filing.

At what prices did Control Empresarial sell its Talos Energy (TALO) shares?

The shares were sold at weighted average prices near $16.66 per share. Sales on March 26, 2026 averaged $16.6545 within a $16.50–$16.895 range, while March 27, 2026 sales averaged $16.6802 within a $16.5506–$16.81 price range.

How many Talos Energy (TALO) shares does Control Empresarial hold after these sales?

After the reported transactions, Control Empresarial reported holding 41,233,604 Talos common shares directly. This post-transaction holding reflects its remaining position following the combined sale of 2,312,000 shares disclosed in the Form 4.

Were the Talos Energy (TALO) insider sales open-market transactions?

Yes. The Form 4 describes both transactions as open-market sales of non-derivative common shares. The filing notes they were executed at multiple prices within specified ranges, with weighted average prices disclosed for each trading date.

Did the Talos Energy (TALO) Form 4 involve any derivative securities?

No. The disclosed transactions involve non-derivative common shares only. The derivative section of the filing shows no remaining derivative positions, and both entries are classified as open-market sales of common shares, not option or warrant exercises.