CNX Director Nicholas DeIuliis Gifts 528,000 Shares

What Happened Nicholas J. DeIuliis, a director of CNX Resources Corp (CNX), reported gifts of 528,000 CNX shares on 2026-09-02. The Form 4 records both a disposition and an acquisition of 528,000 shares at $0.00 (transaction code G — gift), indicating a transfer of shares without cash consideration. Because the filing shows equal acquired and disposed amounts, there is no net change in reported beneficial ownership on the face of the transactions.

Key Details

• Transaction date: 2026-09-02; transaction type: Gift (code G); price reported: $0.00 (no cash exchanged).
• Reporting/filing date: Form filed 2026-09-04 for the 2026-09-02 transaction (file appears timely).
• Net effect: The matched acquire/dispose entries result in no net change in beneficial ownership in this filing.
• Shares owned directly (per footnote): includes 5,568 restricted stock units and 2,784 deferred stock units.
• Footnotes: (F2/F3) The gifted shares are held in trusts established for the reporting person’s descendants/children; the reporting person disclaims beneficial ownership of those trust-held shares.
• No indication in the filing that this is a 10% owner transaction or part of a 10b5-1 plan.

Context Gifts to family trusts are commonly used for estate or family planning and do not necessarily reflect an insider’s view of the company’s stock. The filing’s disclaimer of beneficial ownership for trust-held shares further indicates the transfers are trust-related rather than open-market trading.