Staebler Brian A 4

What Happened
Brian A. Staebler (Director; President & CEO of the Managing Member of the GP) reported multiple transactions on June 30, 2026. The filing shows:

• Exercise/conversion of derivatives and related acquisitions: 10,000 shares acquired at $1.35 (M) and an additional 10,000 shares acquired at $0.00 (M), plus a grant/award of 10,000 derivative shares at $0.00 (A).
• Paired market trades: 10,000 shares were sold at $1.35 (S) and 10,000 shares were bought at $1.35 (P). Each $1.35 transaction equals $13,500 in gross value.
  These moves include both purchases (potentially bullish signals) and a sale (often routine); the filing itself does not state motives.

Key Details

• Transaction date: 2026-06-30. Prices: $1.35 for the market exercise/sale/purchase lines; two derivative items reported at $0.00.
• Share counts and values: 10,000 shares at $1.35 (acquired) = $13,500; 10,000 shares at $1.35 (sold) = $13,500; 10,000 shares at $1.35 (purchased) = $13,500; 10,000-share award (A) and 10,000-share conversion (M) reported at $0.00 (derivative).
• Shares owned after transaction: Not specified in the provided summary of the filing.
• Footnotes: F1–F3 indicate Staebler’s proportionate interests in securities held by Everflow Management Limited, LLC; Wahoo Energy LLC; and Spot Energy LLC. F4 notes the sale was to the Tracie R. Staebler Revocable Trust.
• Filing timeliness: No late-filing flag provided in the data supplied.

Context

• Derivative/exercise pattern: The filing shows exercise/conversion entries and an immediate sale and repurchase of the same 10,000-share amount at the same price. That pattern is commonly used to cover exercise costs or taxes (a cashless-like sequence), though the filing does not state the reason.
• For retail investors: purchases by insiders can be more indicative than routine disposals, but this report mixes acquisition and disposition. Consider this activity alongside other filings and company fundamentals rather than as a standalone buy/sell signal.