Quinn William J 4

What Happened
William J. Quinn, a reported 10% owner of Infinity Natural Resources, Inc. (INR), purchased 44,000 shares of the company's Class A common stock on June 5, 2026. The reported weighted-average purchase price was $13.19 per share (range $13.15–$13.20), for a total transaction value of approximately $580,206. This was a purchase (P), which is generally considered a more informative—often bullish—signal than a sale.

Key Details

• Transaction date: June 5, 2026; Form 4 filed June 8, 2026 (timely filing).
• Shares bought: 44,000; weighted-average price: $13.19; price range across trades: $13.15–$13.20.
• Total value: ~$580,206.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnotes of note:
  • F1: $13.19 is a weighted-average — purchases occurred in multiple trades; Quinn will provide a full breakdown on request.
  • F2: Reported securities are held directly by several Pearl Energy/PEI entities controlled by William J. Quinn (the "Pearl Funds").
  • F3: The reporting persons disclaim beneficial ownership except to the extent of pecuniary interest.
• Transaction code: P = Purchase.

Context
This filing reflects purchases by a 10% owner via entities he controls, rather than a simple executive open-market trade. While purchases can be a positive signal, the structure here (fund-held shares and disclaimers of beneficial ownership) means the transaction reflects institutional/manager-level activity rather than necessarily a personal endorsement.