Form 4: Civitas Resources Officer Sells Shares for Tax

Civitas Resources' SVP & Chief Accounting Officer, Kayla Baird, disposed of 241 shares of common stock to cover tax obligations.

Summary

• Kayla Baird, SVP & Chief Accounting Officer of Civitas Resources, Inc. (CIVI), reported a transaction involving the company's common stock.
• On January 3, 2026, Baird disposed of 241 shares of common stock.
• The transaction was coded 'F', indicating a payment of tax liability by withholding securities.
• The shares were disposed of at a price of $27.79 per share.
• Following this transaction, Baird directly beneficially owns 11,787 shares of Civitas Resources common stock.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, which is a pre-arranged trading plan.

Sentiment

Score: 5

Explanation: The transaction is a standard tax-related disposition of shares by an executive, not indicative of a change in company fundamentals or management's confidence.

Positives

• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-arranged sale and not a discretionary market timing decision.
• Kayla Baird retains a significant beneficial ownership of 11,787 shares of common stock after the transaction.

Negatives

• A reduction in direct beneficial ownership by 241 shares.

Future Outlook

NA

Industry Context

NA

Corporate Governance

Stakeholder Impact

• Shareholders: Minor dilution from the sale of 241 shares, which is negligible in the context of the company's overall outstanding shares.
• Employees: No direct impact on employees is indicated by this transaction.

Key Dates

Recommendation

The reported transaction is a routine disposition of shares by an executive to cover tax obligations, executed under a pre-arranged 10b5-1 plan. It does not reflect a change in the company's operational performance, strategic direction, or the executive's long-term confidence in the company, thus not warranting a change in investment recommendation.

Keywords

Civitas Resources, CIVI, Kayla Baird, Form 4, Insider Transaction, Stock Sale, Tax Withholding, SVP Chief Accounting Officer, Rule 10b5-1