Form 4: Chord Energy Corp Executive Richard N. Robuck Transfers Warrants as Gift

EVP, CFO, and Treasurer of Chord Energy Corp, Richard N. Robuck, reports transferring warrants to purchase shares of common stock as a gift to a donor advised fund on August 30, 2024.

Summary

• Richard N. Robuck, EVP, CFO, and Treasurer of Chord Energy Corp, filed a Form 4 on September 4, 2024.
• The form reports a transaction on August 30, 2024, where Robuck transferred 12 warrants as a gift to a donor advised fund.
• These warrants, originally issued on November 19, 2020, as part of the Joint Prepackaged Chapter 11 Plan of Reorganization of Oasis (Chord Energy's predecessor), allow the holder to purchase one share of Chord Energy's common stock per warrant.
• The exercise price of each warrant is $75.57.
• The warrants are exercisable from the date of issuance until 5:00 p.m., New York time, on the expiration date of November 19, 2024.
• The receipt of these warrants was involuntary, without additional consideration, and in accordance with the Plan approved by the U.S. Bankruptcy Court for the Southern District of Texas.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a gift of warrants. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider transactions, allowing investors to monitor the actions of company executives and potentially glean insights into their perspectives on the company's value and prospects.

Key Dates