Sproule David 4
4 · INFINITY NATURAL RESOURCES, INC. · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
Infinity Natural Resources CFO David Sproule Converts 275,000 Units
What Happened
David Sproule, Executive Vice President and Chief Financial Officer of Infinity Natural Resources, converted 275,000 common units of INR LLC into 275,000 newly issued Class A common shares of Infinity Natural Resources, Inc. on March 13, 2026. The filing shows a disposition to the issuer of the common units (cancellation) and an acquisition of the same number of Class A shares on a one-for-one basis. No cash price or dollar value is reported for the transaction.
Key Details
- Transaction date: March 13, 2026.
- Transaction types reported: conversion of a derivative security (C) — acquisition of 275,000 Class A shares — and disposition to issuer (D) — cancellation of 275,000 INR LLC common units.
- Price/consideration: N/A (one-for-one conversion; no cash reported).
- Shares owned after transaction: Not specified in the Form 4.
- Footnotes: Under INR LLC’s agreement, a holder can request redemption of INR LLC common units for newly issued Class A shares on a one-for-one basis (with cancellation of an equal number of Class B shares for no consideration). Class B shares do not represent economic interests. The reporting person exchanged 275,000 common units for 275,000 Class A shares.
- Filing timeliness: Reported and filed for the period ending March 13, 2026 (no late-filing indication).
Context
This was not an open-market purchase or sale; it was a conversion/restructuring of membership units into issuer common stock. Such conversions change the form of the holder’s interest (units → Class A shares) rather than reflect a market-driven buy or sell. As always, conversions and internal restructurings are factual events and do not by themselves indicate the insider’s view on the company’s future performance.
Insider Transaction Report
- Disposition to Issuer
Class B Common Stock
[F1][F2]2026-03-13−275,000→ 1,521,581 total - Conversion
Class A Common Stock
[F2][F1]2026-03-13+275,000→ 275,000 total - Conversion
Common Units of Infinity Natural Resources, LLC
[F1][F2]2026-03-13−275,000→ 1,521,581 total→ Class A Common Stock (275,000 underlying)
Footnotes (2)
- [F1]Pursuant to the Second Amended and Restated Limited Liability Company Agreement of Infinity Natural Resources, LLC ("INR LLC"), at the request of a holder, each Common Unit of INR LLC (together with the cancellation for no consideration of an equal number of shares of Class B Common Stock, par value $0.01 per share, of the Issuer) may be redeemed at INR LLC's election for (a) newly-issued shares of Class A Common Stock, par value $0.01 per share, of the Issuer on a one-for-one basis or (b) cash. The Common Units do not expire. Shares of Class B Common Stock do not represent economic interests in the Issuer.
- [F2]On March 13, 2026, the Reporting Person exchanged 275,000 Common Units of INR LLC (together with the cancellation for no consideration of an equal number of shares of Class B Common Stock of the Issuer) on a one-for-one basis for shares of Class A common stock of the Issuer.