Gallagher Katherine May 4

What Happened

• Katherine May Gallagher, a director of Infinity Natural Resources, converted/settled 13,059 restricted stock units (RSUs) into 13,059 shares of Class A common stock on March 17, 2026. The filing reports the derivative conversion (transaction code M) as an acquisition of 13,059 shares and a corresponding disposition at $0.00, reflecting settlement rather than a cash sale. No purchase price or cash proceeds are reported.

Key Details

• Transaction date: March 17, 2026; Form 4 filed March 19, 2026 (timely).
• Reported transactions: 13,059 shares acquired via exercise/conversion of derivative (code M) and 13,059 shares reported as disposed at $0.00 (reflecting conversion/settlement).
• Price / value: $0.00 reported on the disposition line; no cash was paid or received in the reported conversion.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1–F3 state these were Class A shares delivered upon vesting/settlement of RSUs; each RSU equals one share; the RSUs were granted on March 17, 2025 and vested in full one year later.

Context

• This is a compensation vesting event (RSU settlement), not an open-market buy or sale. Reporting shows a derivative conversion (M) and $0.00 disposition because the RSUs converted into underlying shares rather than being sold for cash. Such transactions reflect compensation being realized and are common for executives and directors; they do not necessarily indicate a change in the insider’s view of the stock.