KAYNE ANDERSON CAPITAL ADVISORS LP 4

What Happened

• Kayne Anderson Capital Advisors L.P. (reported as a 10% owner) recorded a disposition of 227,547 Mach Natural Resources common units on 2026-02-09 at $14.56 each, totaling $3,313,084. The form lists the transaction as code J (other acquisition/disposition) — these units were delivered back to MNR under a purchase and sale agreement rather than sold on the open market.

Key Details

• Transaction date and price: 2026-02-09 at $14.56 per unit (total $3,313,084).
• Transaction type/code: "J" — other acquisition/disposition (delivery under PSA).
• Shares/units acquired/disposed: 227,547 disposed (delivered to MNR).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes:
  • F1: Per the purchase and sale agreement, Sabinal Energy Operating, LLC agreed to deliver 227,547 Sabinal Common Units to MNR as a final purchase-price adjustment.
  • F2: The reported units are held by Sabinal Energy Operating, LLC, a portfolio company of a private fund managed by Kayne Anderson.
• Filing timeliness: Report filed 2026-02-11 for a 2026-02-09 transaction (appears timely).

Context

• This was an institutional disposition tied to a contractual purchase-price adjustment—not an open-market sale by a company insider. For retail investors, note that transfers under a purchase agreement are administrative adjustments and do not necessarily signal manager trading intent. Kayne Anderson here is reporting on behalf of a portfolio company, not as an individual executive.