Johnston James David 4

What Happened
James D. Johnston, Executive Vice President, General Counsel, Chief Compliance Officer and Secretary of Summit Midstream Corporation (SMC), sold 2,600 common shares on July 2, 2026. The reported weighted-average price was $29.72 per share, for total proceeds of approximately $77,272. This was a sale (not a purchase) and appears to have been executed under a prearranged trading plan.

Key Details

• Transaction date: 2026-07-02; Form 4 filed: 2026-07-06. The filing reports the July 2 sale.
• Price: weighted average $29.72; sales occurred in multiple trades at prices ranging $29.42 to $30.13.
• Shares sold: 2,600; total proceeds ≈ $77,272.
• Shares owned after the transaction: not specified in the excerpt of the filing provided.
• Footnotes: sale executed under a Rule 10b5-1 qualified selling plan (prearranged schedule). The filer offers to provide per-trade price breakdowns upon request.
• Timeliness: the Form 4 was filed July 6 reporting the July 2 transaction; the filing itself does not indicate a late-report designation.

Context
A Rule 10b5-1 plan lets insiders sell shares according to a pre-set schedule and is often viewed as routine liquidity planning rather than a directional signal about company prospects. For retail investors, purchases typically carry more informational weight than scheduled sales; this report documents a planned disposition by a senior executive.