Form 4: Former COO Disgorges Short-Swing Profit to Phoenix Energy One
Insider Transaction Report
Brandon K. Allen, former COO of Phoenix Energy One, LLC, paid $283.77 to the company for short-swing profits realized from preferred share transactions.
Summary
- Brandon K. Allen, former Chief Operating Officer of Phoenix Energy One, LLC, reported sales of Series A Cumulative Redeemable Preferred Shares.
- On November 20, 2025, Allen sold 2,159 shares at $20.11 per share and an additional 341 shares at $20.1357 per share.
- These sales were identified as 'matchable' under Section 16(b) of the Securities Exchange Act of 1934 with a prior purchase of 2,500 shares at $20.00 per share on September 29, 2025.
- Allen paid Phoenix Energy One, LLC $283.77, representing the full profit realized from this short-swing transaction.
- Following these reported transactions, Allen beneficially owns 0 Series A Cumulative Redeemable Preferred Shares.
Sentiment
Score: 4
Explanation: The filing indicates a compliance issue for the former COO, requiring disgorgement of profits. While the amount is small, it reflects a regulatory violation. For the company, it's a minor positive to receive the disgorged funds, but the underlying event is a compliance breach by a former executive.
Positives
- Phoenix Energy One, LLC received $283.77 from the former COO, representing disgorged short-swing profits, demonstrating enforcement of regulatory compliance.
Negatives
- Brandon K. Allen was required to disgorge $283.77 in profits due to a short-swing transaction violation under Section 16(b) of the Securities Exchange Act of 1934.
- The former COO no longer holds any Series A Cumulative Redeemable Preferred Shares following these transactions.
Future Outlook
NA
Industry Context
This filing is a routine insider transaction report and does not provide broader industry context. It specifically addresses a compliance matter related to a former executive's share dealings.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Chief Operating Officer | Brandon K. Allen | NA | NA | The filing identifies Brandon K. Allen as a 'Former Chief Operating Officer', indicating a prior change in management, though the filing itself does not detail the change date or reason. |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Compliance Enforcement | Enforcement of Section 16(b) of the Securities Exchange Act of 1934, requiring a former officer to disgorge short-swing profits. | 11/20/2025 | Demonstrates the company's adherence to SEC regulations regarding insider trading, as the profits were paid to the Issuer. This reinforces corporate governance standards by ensuring compliance with short-swing profit rules. |
Stakeholder Impact
- Shareholders: Minor positive impact as the company received $283.77. Reinforces confidence in regulatory compliance.
- Former Officer (Brandon K. Allen): Negative impact due to the requirement to disgorge profits and the public disclosure of a Section 16(b) violation.
Key Dates
| Date | Description |
|---|---|
| 09/29/2025 | Reporting Person's purchase of 2,500 Series A Cumulative Redeemable Preferred Shares at $20.00 per share. |
| 11/20/2025 | Date of sales of Series A Cumulative Redeemable Preferred Shares by the Reporting Person. |
| 11/21/2025 | Signature date of the Form 4 filing. |
Recommendation
holdThis Form 4 filing details a routine compliance matter where a former executive disgorged a small short-swing profit. It does not provide any new information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. The event is minor and has negligible financial impact on the company.
Keywords
Phoenix Energy One, PHXE.P, Brandon K. Allen, SEC Form 4, Beneficial Ownership, Short-Swing Profit, Section 16(b), Preferred Shares, Insider Trading, Corporate Governance
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