Form 4: Wexford Capital LP Reports In-Kind Distribution of Mammoth Energy Services Shares

Wexford Capital LP reports a pro rata, in-kind distribution of 535,366 common stock shares of Mammoth Energy Services, Inc. to a member of MEH SUB LLC.

Summary

• Wexford Capital LP filed a Form 4 detailing changes in beneficial ownership of Mammoth Energy Services, Inc. (TUSK) shares on March 12, 2024.
• The report indicates a pro rata, in-kind distribution of 535,366 shares of common stock by MEH SUB LLC (MEH) to one of its members.
• This distribution did not involve a purchase, sale, or any additional consideration.
• Following the transaction, the Wexford Entities (Wexford Spectrum Trading Limited, Wexford Catalyst Trading Limited, Wexford Focused Trading Limited, and MEH) collectively hold 21,690,075 shares of Mammoth Energy Services, Inc.
• Wexford Capital LP, Wexford GP LLC, Charles E. Davidson, and Joseph M. Jacobs may be deemed to beneficially own these shares due to their relationships with the Wexford Entities, but they disclaim beneficial ownership except to the extent of any pecuniary interests.
• 340,797 shares of common stock are also listed in the report.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't inherently indicate positive or negative sentiment, but rather reports a transaction.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the ownership positions of significant shareholders and insiders. This filing indicates changes in Wexford Capital's holdings in Mammoth Energy Services.

Stakeholder Impact

• The distribution of shares could have a minor impact on shareholders, potentially affecting the stock's supply and demand dynamics.
• The filing provides transparency to stakeholders regarding the ownership structure of Mammoth Energy Services.

Key Dates