EnerVest, Ltd.'s Form 4 filing
Magnolia Oil & Gas Corp (MGY) · filed Sep 30, 2021
- Accession no.
- 0001104659-21-121368
- Filed
- Sep 30, 2021, 6:32 PM ET
- Trade date
- Sep 28, 2021
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 2 non-derivative transactions and 2 derivative transactions. Open-market sales total $122.8M. It was filed 2 days after the trade.
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 |
|---|---|
| EnerVest, Ltd.CIK 0001375345 | Director, 10% Owner |
| EnerVest Energy Institutional Fund XIV-A, L.P.CIK 0001634806 | 10% Owner |
| EnerVest Energy Institutional Fund XIV-C, L.P.CIK 0001634809 | 10% Owner |
| EnerVest Energy Institutional Fund XIV-2A, L.P.CIK 0001674589 | 10% Owner |
| EnerVest Energy Institutional Fund XIV-3A, L.P.CIK 0001677997 | 10% Owner |
| EnerVest Energy Institutional Fund XIV-WIC, L.P.CIK 0001749857 | 10% Owner |
| EnerVest Investment Services, L.L.C.CIK 0001749921 | 10% Owner |
| EnerVest Management GP, L.C.CIK 0001749934 | 10% Owner |
| EnerVest Energy Institutional Fund XIV-C-AIV, L.P.CIK 0001749935 | 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 |
|---|---|---|---|---|---|---|---|---|
| Sep 28, 2021 | Class A Common Stock | CConversionAcquired | +4,608,218 | –F1 | – | 27,612,444 | Direct | Duplicate filing |
| Sep 28, 2021 | Class A Common Stock | SSaleDisposed | −7,500,000 | $16.38F7 | −$122,850,000 | 20,112,444 | Direct | Duplicate filing |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Sep 28, 2021 | Class A Common Stock | CConversionDisposed | −4,608,218 | $0.00F1 | $0 | 55,915,438 | Direct | Duplicate filing |
| Sep 28, 2021 | Class A Common Stock | SSaleDisposed | −3,000,000 | $16.38F7 | −$49,140,000 | 52,915,438 | Direct | Duplicate filing |
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
Shares of the Issuer's Class B Common Stock ("Class B Common Stock"), when combined with an equal number of units ("Units") of Magnolia Oil & Gas Parent LLC, a Delaware limited liability company of which the Issuer is the managing member, are exchangeable from time to time at the option of the holders thereof for shares of the Issuer's Class A Common Stock ("Class A Common Stock") on a one-for-one basis (or, at the Issuer's option, for cash).
Referenced by the price of 1 transaction in Table I and 1 transaction in Table II.
- F7
This amount represents the purchase price in the Block Trade (as defined below). The Record Holders, other than EV XIV-C, also used this price per share for the purchase price of the shares of Class B Common Stock under the September 2021 Transfer.
Referenced by the price of 1 transaction in Table I and 1 transaction in Table II.