Putman Luke Stevens 4/A
4/A · Black Stone Minerals, L.P. · Filed May 6, 2026
Research Summary
AI-generated summary of this filing
Black Stone Minerals (BSM) GC Putman Luke Stevens Sells 29,386 Shares
What Happened
Putman Luke Stevens, Senior Vice President, General Counsel and Secretary of Black Stone Minerals (BSM), sold 29,386 common units on April 6, 2026. The sales generated approximately $424,678 at a weighted average price of $14.45 per share (individual trade prices ranged $14.31–$14.64). This was a sale (routine disposition) executed under a pre-established Rule 10b5-1 trading plan.
Key Details
- Transaction date: April 6, 2026 (reported via an amended Form 4 filed May 6, 2026).
- Price: weighted average $14.45; range $14.31 to $14.64 (multiple transactions).
- Proceeds: ~$424,678 for 29,386 shares (disposed).
- Shares owned after the transaction: not disclosed in this filing.
- Footnotes: Sales were effected pursuant to a Rule 10b5-1 plan adopted December 4, 2025 (the April 7, 2026 Form 4 omitted the 10b5-1 checkbox and plan date; this filing corrects that).
- Timeliness: Initial Form 4 was filed April 7, 2026; this is an amendment to add omitted plan details.
Context
Sales made under 10b5-1 plans are pre-arranged and typically viewed as routine rather than a contemporaneous signal about insider sentiment. As always, a single insider sale does not alone indicate a change in company prospects; retail investors should weigh this against broader insider activity and fundamental factors.
Insider Transaction Report
- Sale
Common units representing limited partner interests
[F1][F2]2026-04-06$14.45/sh−29,386$424,678→ 732,031 total
Footnotes (2)
- [F1]On April 7, 2026, the reporting person filed a Form 4 that inadvertently omitted the 10b5-1 checkbox and plan adoption date. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on December 4, 2025.
- [F2]The price reported in Column 4 is a weighted average price. These common units were sold in multiple transactions at prices ranging from $14.31 to 14.64, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of common units sold at each separate price within the ranges set forth in this footnote.