Gieselman Scott 4

What Happened

• Scott Gieselman, a director of Infinity Natural Resources, had 13,929 restricted stock units (RSUs) vest and convert into 13,929 shares of Class A common stock on March 17, 2026. The Form 4 reports an acquisition via exercise/conversion (transaction code M) of 13,929 shares and a corresponding disposition of 13,929 shares at $0.00 — indicating settlement/conversion of the award rather than an open‑market sale. No cash proceeds were reported.

Key Details

• Transaction date: 2026-03-17 (reported on Form 4 filed 2026-03-19 — timely filing).
• Acquired: 13,929 shares via exercise/conversion (code M); price listed as N/A for acquisition.
• Disposed: 13,929 shares at $0.00 (derivative disposition), total proceeds $0.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes:
  • F1: Shares delivered upon vesting/settlement of previously awarded RSUs.
  • F2: Each RSU equals the right to one share of common stock.
  • F3: The 13,929 RSUs were granted on March 17, 2025 and vested in full on their first anniversary (Mar 17, 2026).

Context

• Transaction code M denotes exercise or conversion of a derivative security; here it reflects RSUs vesting and converting into shares, not a market sale. Because no sale proceeds are reported, this is generally a routine award settlement rather than a liquidity event indicating trading intent.