GRAY STEVEN D 4
4 · INFINITY NATURAL RESOURCES, INC. · Filed Jun 12, 2026
Research Summary
AI-generated summary of this filing
Infinity Natural Resources (INR) Director Steven D. Gray Buys 25,000 Shares
What Happened
Steven D. Gray, a director of Infinity Natural Resources, purchased 25,000 shares of the company's Class A common stock in open-market transactions on June 12, 2026. The filing reports a weighted average price of $12.81 per share for a total reported purchase value of $320,175. This was a direct purchase (transaction code P), which is typically treated as a bullish indicator versus a sale.
Key Details
- Transaction date: 2026-06-12 (filed the same day).
- Reported weighted average price: $12.81 per share; actual trades ranged from $12.53 to $13.09 (footnote F1).
- Total reported acquisition value: $320,175.
- Shares owned after the transaction: not specified in this Form 4.
- Ownership notes: shares are held of record by The Gray Management Trust and Gray Family Partnership; Gray is trustee/beneficiary and has management/control roles (footnotes F2 and F3). He disclaims beneficial ownership except to the extent of any pecuniary interest.
- Filing timeliness: reported on the same date as the transaction (no late filing indicated).
Context
This was a straightforward open-market purchase (multiple executions at slightly varying prices). The footnotes clarify the weighted-average reporting and the reporting person’s relationships to entities that hold the securities; they do not provide additional trading conditions (e.g., 10b5-1 plan) or indicate sales accompanying an option exercise.
Insider Transaction Report
- Purchase
Class A Common Stock
[F1][F2]2026-06-12$12.81/sh+25,000$320,175→ 40,000 total(indirect: By Trust)
- 50,000(indirect: By Partnership)
Class A Common Stock
[F3] - 17,411
Class A Common Stock
Footnotes (3)
- [F1]The price reported in Column 4 is a weighted average price. These shares of Class A common stock were purchased in multiple transactions at prices ranging from $12.53 to $13.09, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote (1) to this Form 4.
- [F2]These securities are owned by The Gray Management Trust, of which the Reporting Person is a trustee and beneficiary. By virtue of the relationship, the Reporting Person may be deemed to have or share beneficial ownership of the securities held of record by The Gray Management Trust, but the Reporting Person disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
- [F3]The Reporting Person exercises 100% control over SD Gray Family Partnership LP ("Gray Family Partnership"). Gray Family Partnership is managed by its general partner, SD Gray Management Co., of which the Reporting Person is the chief executive. By virtue of the relationship, the Reporting Person may be deemed to have or share beneficial ownership of the securities held of record by Gray Family Partnership, but the Reporting Person disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein, directly or indirectly.