Form 4: LSB Industries Director Sells Shares via 10b5-1 Plans

LSB Industries director Barry H. Golsen reported sales of common stock totaling 118,980 shares across multiple trusts and an LLC through pre-arranged 10b5-1 trading plans.

Summary

• Barry H. Golsen, a Director of LSB Industries, Inc. (LXU), reported sales of common stock.
• Transactions occurred on January 21, 2026, January 22, 2026, and January 23, 2026.
• A total of 118,980 shares of common stock were sold across these dates.
• The sales were executed pursuant to Rule 10b5-1 trading plans adopted by the Irrevocable Family Trusts and BGG Family LLC on September 4, 2025.
• On January 21, 2026, 24,001 shares were sold by Irrevocable Family Trusts at a weighted average price of $10.06, and 72,553 shares were sold by BGG Family LLC at a weighted average price of $10.06.
• On January 22, 2026, 1,616 shares were sold by Irrevocable Family Trusts at a weighted average price of $10.02, and 4,884 shares were sold by BGG Family LLC at a weighted average price of $10.02.
• On January 23, 2026, 3,959 shares were sold by Irrevocable Family Trusts at a weighted average price of $10.03, and 11,967 shares were sold by BGG Family LLC at a weighted average price of $10.03.
• Following these transactions, the beneficial ownership includes 58,211 shares held by Irrevocable Family Trusts, 35,043 shares by BGG Family LLC, 44,029 shares by a Revocable Trust, 693 shares by a spouse, and 3,568 shares held directly.

Sentiment

Score: 5

Explanation: The sales by a director, while significant in volume, were conducted under pre-arranged 10b5-1 trading plans. This typically indicates a planned diversification or liquidity event rather than a reaction to new, adverse company-specific information, thus mitigating the negative sentiment often associated with insider selling.

Positives

• The sales were conducted under pre-arranged 10b5-1 trading plans, which indicates a planned diversification or liquidity event rather than a reaction to new, adverse company-specific information, mitigating potential negative market interpretation.

Negatives

• Insider selling, even if pre-scheduled, can sometimes be perceived negatively by the market as it indicates a director reducing their stake in the company.

Risks

• Market perception of insider selling, even when pre-scheduled, could lead to short-term negative sentiment or downward pressure on the stock price.

Future Outlook

na

Management Comments

• The reporting person undertakes to provide to LSB Industries, Inc., any security holder of the Issuer, or the staff of Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in the footnotes.

Industry Context

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Related Party Transactions

• Sales of common stock by Irrevocable Family Trusts, for which Barry H. Golsen is the trustee and deemed to have a pecuniary interest.
• Sales of common stock by BGG Family LLC, where Barry H. Golsen and his spouse are managers and each hold a 50% ownership interest.

Stakeholder Impact

• Shareholders may perceive insider selling, even if pre-scheduled, as a slight negative signal, potentially leading to short-term price pressure.

Next Steps

• The reporting person undertakes to provide full information regarding the number of shares sold at each separate price within the range set forth in the footnotes, upon request.

Key Dates

Recommendation

The director's sales were executed under pre-arranged 10b5-1 trading plans, which are typically for personal financial planning or diversification and do not necessarily reflect a change in the company's fundamental outlook. While insider selling can sometimes be viewed negatively, the pre-scheduled nature mitigates this concern. Without additional company-specific news, a 'hold' recommendation is appropriate as this filing alone does not provide a strong signal for either buying or selling.

Keywords

LSB Industries, LXU, Form 4, Insider Selling, Director Stock Sale, Barry H. Golsen, 10b5-1 Plan, Beneficial Ownership, Common Stock