Control Empresarial de Capitales S.A. de C.V. 4

What Happened
Control Empresarial de Capitales S.A. de C.V., reported as a >10% owner of Talos Energy (TALO), sold a total of 434,000 shares in two open-market transactions. On 2026-05-18 it disposed of 284,000 shares for a weighted average price of $16.38 (proceeds ≈ $4,651,721; price range $16.35–$16.4685 per footnote F1). On 2026-05-19 it disposed of 150,000 shares for a weighted average price of $16.38 (proceeds ≈ $2,457,015; price range $16.28–$16.45 per footnote F2). Total reported proceeds across both days were about $7,108,736. These were sales (not purchases), which are typically routine liquidity or portfolio-management transactions rather than a bullish signal.

Key Details

• Transaction dates: 2026-05-18 (284,000 shares) and 2026-05-19 (150,000 shares).
• Reported weighted average price: $16.38 for both days; see F1 and F2 for detailed price ranges and that shares were sold in multiple trades.
• Total shares sold: 434,000; total proceeds ≈ $7,108,736.
• Shares owned after the transactions: not disclosed in the provided filing details.
• Notable exhibits/notes: F1 and F2 explain weighted-average pricing and per-trade ranges; F3 incorporates Exhibit 99.1 into the filing.
• Filing timeliness: Reported Period of Report 2026-05-18 and filed 2026-05-20 — filed within the usual two-business-day Form 4 window (timely).

Context
This filing is by a reported 10%+ owner (an institutional/entity holder), not an individual officer or director. Such sales can reflect portfolio rebalancing or liquidity needs and do not, by themselves, indicate company prospects. The filing includes price-range footnotes and an incorporated exhibit (Exhibit 99.1) for more detail.