Lancaster Phillip 4

What Happened
Phillip Lancaster, a director of Mammoth Energy Services, Inc. (TUSK), acquired 68,152 shares on June 26, 2026. The shares were reported at $0.00 per share (total value $0) because the transaction was an in‑kind distribution rather than a purchase or sale.

Key Details

• Transaction date: 2026-06-26; Report filed: 2026-07-01. Filing occurred after the transaction (outside the usual 2-business-day Form 4 window), so the filing appears late.
• Transaction type/code: "Other acquisition or disposition (J)" — an in‑kind distribution, not an open‑market purchase.
• Price reported: $0.00 per share; reported total value: $0.
• Shares received: 68,152.
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnote: The shares "represent an in‑kind distribution from MEH SUB LLC, an entity managed by Wexford Capital LP, that does not involve (i) a purchase or a sale of securities or (ii) any additional consideration."

Context
An in‑kind distribution (like a gift or allocation from an entity) does not involve cash changing hands and should not be interpreted the same way as an outright purchase or sale by an insider. Such distributions can result from restructurings, entity distributions, or transfers within affiliated entities; the filing does not state the underlying reason. As always, these actions are factual disclosures and do not, by themselves, indicate the insider’s view of the company’s prospects.