Daniel T Jr. Reineke - 27 Oct 2023 Form 4 Insider Report for MACH NATURAL RESOURCES LP (MNR)

Role
Officer, Other*
Signature
/s/ Michael E. Reel, as attorney-in-fact for the Reporting Person
Issuer symbol
MNR
Transactions as of
27 Oct 2023
Transactions value $
-$544,360
Form type
4
Filing time
31 Oct 2023, 16:30:32 UTC
Previous filing
24 Oct 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MNR Common Units Disposed to Issuer -$544K -30.8K -4.23% $17.67 698K 27 Oct 2023 Direct F1
transaction MNR Common Units Award $0 +68.8K +9.85% $0.00 767K 27 Oct 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On October 27, 2023, the Issuer used a portion of the net proceeds from the closing of its initial public offering ("IPO") of common units to purchase common units from certain of the Issuer's pre-IPO unitholders, including the Reporting Person, at a price of $17.67 per unit (such price per unit being the price that the Issuer received from the underwriters in the IPO, net of the underwriting discounts and commissions).
F2 The reported securities represent phantom units. Each phantom unit represents the contingent right to receive one common unit of the Issuer upon vesting. The phantom units will vest in three equal installments on each of the first three anniversaries of the grant date, subject in each case to the continued service through such dates.

Remarks:

The Reporting Person is Executive Vice President, Business Development of Mach Natural Resources GP LLC, the general partner of the Issuer (the "General Partner"). The Issuer is managed by the directors and executive officers of the General Partner.