DORCHESTER MINERALS OPERATING LP 4

What Happened
Dorchester Minerals Operating LP (an entity under common control with Dorchester Minerals, L.P.) reported purchases of DMLP common units totaling 20,000 shares. The purchases were: 10,000 shares at $25.29 on 2026-02-11 ($252,900), 5,000 shares at $25.08 on 2026-02-12 ($125,400), and 5,000 shares at $25.29 on 2026-02-13 ($126,450). Total consideration was $504,750 and the weighted average price was about $25.24 per share. These were purchases (code P), which are generally interpreted as a buy signal rather than a sale.

Key Details

• Transaction dates/prices: 02-11-2026 — 10,000 @ $25.29; 02-12-2026 — 5,000 @ $25.08; 02-13-2026 — 5,000 @ $25.29.
• Total acquired: 20,000 shares for $504,750 (avg ~$25.24/share).
• Shares owned after transaction: Not specified in the filing.
• Footnote: Trades were made under a prearranged Rule 10b5-1 trading plan adopted 11-12-2025.
• Timeliness: Filing dated 2026-02-13 for trades on 02-11–02-13 — reported within the standard Form 4 window (no late filing noted).

Context
This filing is from an entity under common control rather than an individual executive; trades under a 10b5-1 plan are prearranged and can occur regardless of short-term company developments. Purchases can be informative to investors, but 10b5-1 trades are scheduled in advance, so they don’t necessarily reflect contemporaneous management views.