Copelyn John A 4

What Happened
John A. Copelyn, a director of Montauk Renewables, acquired 17,506 shares on May 11, 2026 via a purchase (Form 4 code P). The reported per-share price was $1.45, for a total transaction value of $25,384 (USD). The filing indicates the underlying trade was denominated in South African rand.

Key Details

• Transaction date: 2026-05-11; Filing date: 2026-05-13.
• Price: ZAR 23.86 per share (converted at 16.4093 ZAR = 1 USD) → $1.45 per share; total ≈ $25,384.
• Shares acquired: 17,506.
• Ownership note: The shares are owned directly by Rivetprops 47 (PTY) Ltd. and indirectly by Mr. Copelyn; he is deemed to have voting and investment power over those shares (footnote).
• Post-transaction holdings: Not disclosed in the provided filing excerpt.
• Timeliness: Filing shows transaction reported on Form 4 with standard timing (no late filing indicated in the provided data).

Context
This was a purchase (often viewed as a more informative signal than a sale), but it was executed through an entity (Rivetprops 47 (PTY) Ltd.), meaning the shares were not shown as directly held in Mr. Copelyn’s name. The trade size is modest (~$25k), so while it registers insider buying activity, the dollar amount is relatively small. The transaction was reported in USD after conversion from ZAR using the South African Reserve Bank rate in effect on the trade date.