4//SEC Filing
WARD TOM L. 4
Accession 0001213900-23-081832
CIK 0001980088other
Filed
Oct 30, 8:00 PM ET
Accepted
Oct 31, 4:30 PM ET
Size
10.4 KB
Accession
0001213900-23-081832
Insider Transaction Report
Form 4
Ward Tom L.
DirectorSee Remarks10% OwnerOther
Transactions
- Disposition to Issuer
Common Units
2023-10-27$17.67/sh−583,165$10,304,526→ 13,218,411 total(indirect: By Trust) - Disposition to Issuer
Common Units
2023-10-27$17.67/sh−18,578$328,273→ 421,100 total(indirect: By LLC) - Award
Common Units
2023-10-27+110,526→ 13,750,037 total
Footnotes (4)
- [F1]On October 27, 2023, the Issuer used a portion of the net proceeds from the closing of its initial public offering ("IPO") of common units to purchase common units from certain of the Issuer's pre-IPO unitholders, including the Reporting Person, at a price of $17.67 per unit (such price per unit being the price that the Issuer received from the underwriters in the IPO, net of the underwriting discounts and commissions).
- [F2]The Reporting Person is the Trustee of the Tom L. Ward 1992 Revocable Trust (the "Trust"). By virtue of the relationship, the Reporting Person may be deemed to have or share beneficial ownership of the securities held of record by the Trust, but the Reporting Person disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
- [F3]The Reporting Person exercises control over Mach Resources LLC ("Mach Resources"). Mach Resources is owned 50.5% by Tom L. Ward through the Trust and 49.5% by WCT Resources LLC which is owned by certain trusts affiliated with Mr. Ward for which an employee of Mach Resources is trustee. By virtue of the relationship, the Reporting Person may be deemed to have or share beneficial ownership of the securities held of record by Mach Resources, but the Reporting Person disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
- [F4]The reported securities represent phantom units. Each phantom unit represents the contingent right to receive one common unit of the Issuer upon vesting. The phantom units will vest in three equal installments on each of the first three anniversaries of the grant date, subject in each case to the continued service through such dates.
Documents
Issuer
MACH NATURAL RESOURCES LP
CIK 0001980088
Entity typeother
Related Parties
1- filerCIK 0001038276
Filing Metadata
- Form type
- 4
- Filed
- Oct 30, 8:00 PM ET
- Accepted
- Oct 31, 4:30 PM ET
- Size
- 10.4 KB