Arkoma Drilling, L.P.'s Form 4 filing
Comstock Resources Inc (CRK) · filed Mar 25, 2024
- Accession no.
- 0000950170-24-036131
- Filed
- Mar 25, 2024, 9:04 PM ET
- Trade date
- Mar 25, 2024
- Filing delay
- Same day
- Rule 10b5-1 plan
- Not checked
This filing lists 1 non-derivative transaction. Open-market purchases total $100.5M. It was filed on the trade date.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Arkoma Drilling, L.P.CIK 0001750173 | 10% Owner |
| Jones Jerral W.CIK 0001750178 | 10% Owner |
| Williston Drilling, L.P.CIK 0001750240 | 10% Owner |
| Blue Star Exploration CorpCIK 0001750241 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Mar 25, 2024 | Common Stock | PPurchaseAcquired | +12,500,000 | $8.04F1 | +$100,450,000 | 194,821,429 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
On March 25, 2024, Arkoma Drilling, L.P., a Texas limited partnership ("Arkoma"), and Williston Drilling, L.P., a Texas limited partnership ("Williston"), purchased, and Comstock Resources, Inc., a Nevada corporation (the "Company"), issued and sold to Arkoma and Williston in the aggregate 12,500,000 shares of common stock, $0.50 par value per share ("Common Stock"), of the Company for total consideration of approximately $100.5 million, pursuant to the closing of the transactions contemplated by that certain Subscription Agreement, dated March 20, 2024, by and among the Company, Arkoma and Williston.
Referenced by the price of 1 transaction in Table I.