Chord Energy (CHRD) CEO Daniel E. Brown Sells 13,704 Shares

What Happened
Daniel E. Brown, President, CEO and a director of Chord Energy Corp (CHRD), sold a total of 13,704 shares in open-market transactions on August 20–21, 2026, generating approximately $2,073,079 in proceeds. The sales were reported as four lots: 6,120 shares at $150.65 (≈ $921,978), 4,102 shares at $151.66 (≈ $622,109), 2,826 shares at $152.34 (≈ $430,513) on Aug 20, and 656 shares at $150.12 (≈ $98,479) on Aug 21. All transactions are coded as S (sale).

Key Details

• Transaction dates: Aug 20, 2026 (three lots) and Aug 21, 2026 (one lot).
• Prices and ranges: reported as weighted averages per lot; per-footnote ranges: $150.00–$152.98 across the transactions.
• Total shares sold: 13,704; total proceeds: about $2.07 million.
• Shares owned after transaction: not disclosed in the provided filing details.
• Notable footnotes: sales were effected under a Rule 10b5-1 trading plan adopted Mar 16, 2026 (F1). Footnotes F2–F6 give intra-day price ranges; F3 notes the precise per-price breakdown is available on request.
• Timeliness: Filing dated Aug 24, 2026 for trades on Aug 20–21, 2026; the Form 4 was filed within the standard 2-business-day window (timely).

Context
These were open-market sales executed under a pre-established 10b5-1 plan, which often indicates scheduled, non-discretionary selling rather than an ad hoc judgment about the company. Sales (S) are typically routine for executives and do not necessarily signal a change in view on the company; purchases would generally be more informative about insider sentiment.