SMITH DAN F 4

What Happened
Dan F. Smith, a director of Magnolia Oil & Gas Corp (MGY), sold 18,000 shares in open-market transactions on March 9, 2026. The weighted average price reported was $29.01, for aggregate proceeds of approximately $522,216. This was a sale (disposition), which is often routine insider selling and not itself a clear signal of company prospects.

Key Details

• Transaction date: 2026-03-09; Form 4 filed: 2026-03-11 (timely filing).
• Reported price: weighted average $29.01; trades occurred at prices ranging $29.01–$29.03 (footnote F1).
• Shares sold: 18,000; gross proceeds ≈ $522,216.
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Notable footnote: F1 explains the reported price is a weighted average and that the shares were sold in multiple transactions across the $29.01–$29.03 range; the insider offers to provide a breakdown on request.
• No 10b5‑1 plan, tax‑withholding, or option exercise noted in the provided data.

Context
Sales by directors can be for many personal reasons (liquidity, diversification, taxes) and do not necessarily indicate a change in company outlook. Because this is an open‑market sale (code S) with no additional disclosures here, treat it as a routine insider disposition unless further filings or company news provide more context.