SM Energy (SM) Director Venkatraman Ashwin Sells 3,650 Shares

What Happened Venkatraman Ashwin, a director of SM Energy Co (SM), sold 3,650 shares in an open-market disposition on September 10, 2026. The reported average price was $38.28 per share, for an aggregate proceeds value of $139,722. This was a sale (S) rather than a purchase; sales are common insider transactions and do not by themselves indicate a change in sentiment.

Key Details

• Transaction date: 2026-09-10; Filing date (Form 4): 2026-09-11 (filed next day — within the SEC’s 2-business-day window).
• Transaction type/code: Sale (S) — open market or private sale reported.
• Shares sold: 3,650; Reported price: $38.28/share; Aggregate proceeds: $139,722.
• Shares owned after the transaction: Not specified in the provided filing details.
• Footnote (F1): The filing states the shares were purchased in multiple transactions at prices ranging from $38.14 to $38.46; the reporting person will provide a breakdown of the number of shares at each price upon request to the issuer, any security holder, or the SEC staff.
• Accession no.: 0000893538-26-000130.

Context Insider sales can be routine (for diversification, liquidity, or other personal reasons) and do not necessarily signal a negative view of the company. Purchases tend to be more informative about insider sentiment. This filing appears timely (filed the next business day) and contains a footnote offering more granular pricing details if requested.