Putman Luke Stevens 4

What Happened

• Putman Luke Stevens, Senior Vice President, General Counsel and Secretary of Black Stone Minerals, sold 29,386 common units on May 5, 2026. The reported weighted-average price was $13.75 per unit for total proceeds of about $403,999. The filing lists the sale as an open market or private sale.

Key Details

• Transaction date: 2026-05-05; Form 4 filed: 2026-05-06 (timely filing).
• Transaction type/code: Sale (S) — open market or private sale.
• Amount sold: 29,386 units; weighted-average price: $13.75; total proceeds ≈ $403,999.
• Price range: units were sold in multiple transactions at prices from $13.56 to $14.11 (footnote indicates a weighted average; detailed breakdown available on request).
• Footnote: Sales were made pursuant to a Rule 10b5-1 trading plan adopted Dec 4, 2025 (pre-arranged trading program).
• Shares owned after transaction: not specified in the provided filing.

Context

• Sales executed under a 10b5-1 plan are pre-scheduled and are commonly used by insiders to avoid questions about timing; they are generally considered routine rather than a direct signal of sentiment. This was a straightforward sale of common units, not an option exercise, gift, or award.