Ables Dorothy M 4

What Happened

• Dorothy M. Ables, a director of Coterra Energy (CTRA), reported two dispositions on 2026-05-07 totaling 106,009 CTRA shares (101,009 and 5,000). Both dispositions are reported at $0.00, for a reported cash value of $0.
• These were not open-market sales — the shares were turned in to the issuer pursuant to the merger with Devon Energy. Under the merger agreement, each CTRA share was converted into the right to receive 0.7 shares of Devon common stock.

Key Details

• Transaction dates and price: 2026-05-07 — 101,009 shares and 5,000 shares disposed at $0.00.
• Total CTRA shares affected: 106,009.
• Conversion: Each CTRA share converts to 0.7 Devon shares, implying a gross entitlement of 106,009 × 0.7 = 74,206.3 Devon shares (fractional-share treatment per the merger documents may apply).
• Filing: Form 4 was filed 2026-05-11 reporting the 05-07 transaction; this filing date meets the typical two business-day Form 4 reporting deadline.
• Transaction code: D (Disposition to the issuer); footnote confirms the transfer was in connection with the Agreement and Plan of Merger with Devon.

Context

• This filing reflects a corporate transaction (merger conversion), not a director-initiated sale or purchase that signals a change in sentiment. The reporting person surrendered CTRA shares in exchange for rights to Devon stock under the merger terms.