Olds Nicholas G 4

What Happened
Nicholas G. Olds, Executive Vice President of ConocoPhillips (COP), exercised stock options covering 12,150 shares and immediately sold those 12,150 shares on March 11, 2026. He paid $49.76 per share on exercise (total cost $604,523) and sold the shares at a weighted average price of $116.36 for total proceeds of $1,413,835 — roughly $809,312 in gross proceeds after the exercise cost (before taxes and fees). The filing also shows a $0.00 disposition of the derivative instrument, which reflects the cancellation/conversion of the option upon exercise.

Key Details

• Transaction date: March 11, 2026. Filing date: March 12, 2026 (appears timely).
• Exercise: 12,150 shares at $49.76/share = $604,523 (transaction code M).
• Sale: 12,150 shares sold in the open market at a weighted average $116.36/share = $1,413,835 (transaction code S).
• Sale price range: $116.00 to $116.73 (footnote F1; reporting person can provide per-price breakdown on request).
• The $0.00 derivative disposal indicates the option was converted/cancelled on exercise.
• Shares owned after the transaction are not specified in the excerpt; footnote F2 notes that reported holdings may include units from dividend reinvestment and a qualified plan.

Context
This is a common “exercise-and-sell” (cashless) transaction where an executive exercises vested options and immediately sells the resulting shares. Such transactions are often used to cover the exercise cost, taxes, and diversify holdings; they do not, by themselves, indicate the insider’s long-term view of the company.