Form 4: Pogo Royalty Sells Shares of EON Resources Inc.

Pogo Royalty, LLC, a 10% owner and director of EON Resources Inc., sold 429,125 shares of Class A Common Stock at a weighted average price of $1.5208 on January 8, 2025.

Summary

• On January 8, 2025, Pogo Royalty, LLC sold 429,125 shares of EON Resources Inc.'s Class A Common Stock.
• The shares were sold at a weighted average price of $1.5208, with individual transactions ranging from $1.50 to $1.59.
• Following the transaction, Pogo Royalty, LLC beneficially owns 1,571,897 shares of Class A Common Stock.
• This includes 1,071,897 shares of Class A Common Stock and 500,000 shares of Class B Common Stock, which are exchangeable for Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to a stock sale. It doesn't inherently convey positive or negative sentiment, but rather reports a factual transaction.

Industry Context

This transaction is a routine disclosure of stock sales by a major shareholder and director. It's common for such transactions to occur, and the market will interpret it in the context of the company's overall performance and outlook.

Stakeholder Impact

• The sale of shares by a significant shareholder like Pogo Royalty, LLC could potentially influence investor sentiment and, consequently, the stock price of EON Resources Inc.

Key Dates

Keywords

EON Resources Inc., Pogo Royalty, LLC, share sale, Class A Common Stock, beneficial ownership, Form 4, transaction