Form 4: SM Energy Senior VP Sells Over 7,700 Shares in Pre-Arranged Transaction

Richard A. Jenkins, Senior Vice President of SM Energy Co, reported the sale of 7,726 shares of common stock for approximately $28.49 per share, executed under a Rule 10b5-1 plan.

Summary

• Richard A. Jenkins, Senior Vice President Utah of SM Energy Co (SM), reported a transaction on June 17, 2025.
• He disposed of 7,726 shares of SM Energy Co common stock.
• The shares were sold at an average price of $28.49 per share, with prices ranging from $28.45 to $28.50.
• The transaction was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
• Following this transaction, Mr. Jenkins beneficially owns 23,668 shares of SM Energy Co common stock.

Sentiment

Score: 5

Explanation: The document is a standard Form 4 filing reporting an insider stock sale. While insider sales can sometimes be viewed negatively, the filing indicates the transaction was made pursuant to a Rule 10b5-1 plan, which suggests a pre-scheduled sale rather than a reaction to new, material information, thus leading to a neutral sentiment.

Negatives

• An insider, Richard A. Jenkins, Senior Vice President Utah, sold 7,726 shares of common stock.
• While the sale was part of a pre-arranged plan, insider sales can sometimes be interpreted by the market as a signal, though this is mitigated by the 10b5-1 disclosure.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: May interpret the insider sale as a signal, though its impact is mitigated by the disclosure that it was part of a Rule 10b5-1 plan, suggesting a pre-scheduled transaction for personal financial planning.

Key Dates

Keywords

SM Energy, SM, Insider Trading, Form 4, Stock Sale, Richard A. Jenkins, Senior Vice President, Equity Transaction, SEC Filing, Rule 10b5-1