WARD TOM L. 4
Research Summary
AI-generated summary
Mach Natural Resources (MNR) 10% Owner Tom L. Ward Buys 153,256 Units
What Happened
Tom L. Ward, reported as a 10% owner and CEO of Mach Natural Resources GP LLC, acquired a total of 153,256 common units of Mach Natural Resources LP. The filings show two purchases of 76,628 units each at $13.05 per unit on April 13, 2026, for aggregate proceeds of $1,999,990. The transactions are reported as purchases (code P), executed in connection with a public underwritten offering.
Key Details
- Transaction dates and prices: April 13, 2026 — 2 purchases of 76,628 units at $13.05 each.
- Total acquired: 153,256 units; total cost ≈ $1,999,990 ($999,995 each).
- Shares/units owned after transaction: not disclosed in this filing.
- Footnotes: purchases occurred in a public underwritten offering per the issuer’s prospectus supplement (Apr 6, 2026); the Tom L. Ward 1992 Revocable Living Trust and WCT Resources LLC each purchased 76,628 units. The reporting person is trustee and exercises control over related entities (Mach Resources, WCT Resources, Foundation) and disclaims beneficial ownership except to the extent of any pecuniary interest.
- Filing/timeliness: Form filed April 13, 2026 reporting April 13 transactions; no late-filing indication in the provided data.
- Transaction code: P = Purchase (not a sale, award, gift, or option exercise).
Context
These purchases were made through a public underwritten offering (per the prospectus supplement) rather than an open-market buy; the units were bought by entities tied to Mr. Ward (Trust and WCT Resources). As a 10% owner and GP CEO, reported purchases by or for affiliated trusts are common for ownership structuring and can reflect continued investment, but they do not by themselves explain personal motives.