Lance Ryan Michael 4

What Happened

• Lance Ryan Michael, Chairman and CEO of ConocoPhillips (COP), reported an open-market sale of 113,221 shares on 2026-03-31. The shares were disposed at a weighted-average price of $132.71, for total proceeds of approximately $15,025,389. This was a sale (not a purchase), which is often routine insider selling and does not by itself indicate a change in company outlook.

• The filing shows the transaction was reported on the same date (filed 2026-03-31). The Form 4 does not specify a 10b5-1 trading plan or tax-withholding sale in the disclosed text.

Key Details

• Transaction date: 2026-03-31 (open-market sale)
• Shares sold: 113,221; weighted-average price: $132.71; total value: $15,025,389
• Price range: shares sold in multiple trades at prices from $131.54 to $133.84 (footnote F1)
• Shares owned after the transaction: not disclosed in the excerpt provided on this filing
• Footnotes: F1 explains the weighted-average price and that the seller can provide the per-trade breakdown on request. F2 notes that reported holdings may include units from routine dividend reinvestment and qualified plan transactions (exempt under rules 16a-11 and 16b-3).
• Filing timeliness: transaction and filing share the same date (no late filing indicated in this record)

Context

• Sales by executives are common and may be for personal-liquidity or tax reasons; unlike purchases, they are less often interpreted as a bullish signal. No option exercise, gift, or award is indicated in this Form 4. If you track insider activity, combine this sale with other recent insider trades and company fundamentals before drawing conclusions.