HELMERICH HANS 4

What Happened
Hans Helmerich, a director of Coterra Energy Inc. (CTRA), reported dispositions of a total 1,865,644 CTRA shares on 2026-05-07. Each disposition is reported at $0.00 (total proceeds $0) because the shares were converted under the merger agreement into shares of Devon Energy rather than sold for cash. Per the filing footnote, each Coterra share was converted into the right to receive 0.7 shares of Devon common stock — equal to approximately 1,305,951 Devon shares in aggregate (1,865,644 × 0.7). This was a merger conversion/transfer, not an open-market sale.

Key Details

• Transaction date: 2026-05-07 (filed with SEC on 2026-05-11).
• Transaction type/code: Disposition to issuer (D); price reported $0.00 per share; total CTRA shares disposed: 1,865,644.
• Conversion ratio (footnote): 0.7 Devon shares per CTRA share → ~1,305,951 Devon shares received in aggregate.
• Shares owned after transaction: not specified in the provided data.
• Filing timeliness: Filed 2026-05-11 for a 2026-05-07 transaction — within the standard two business days filing window (timely).
• Note: The $0 reported proceeds reflect conversion into Devon stock under the merger agreement, not a cash sale or tax-withholding event.

Context
This filing documents an automatic conversion of Coterra common stock into Devon common stock under the merger agreement dated February 1, 2026. Such dispositions are administrative consequences of a merger and do not necessarily reflect the insider’s buying or selling sentiment. The economic value received depends on Devon’s market price at the effective time; that value is not stated in this Form 4.