Sproule David 4

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.