Maddox Mark D

Maddox Mark D, Executive Vice President – Administration at APA (ticker: APA), has filed 41 Form 4 transactions over the covered period, all in the same company. The aggregate pattern is unambiguous: zero open-market purchases, total sales of roughly $3.97 million, and total acquired value of about $650,700. That acquired value came almost entirely from option exercises (code M) and equity awards (code A) — compensation mechanics rather than discretionary buying. In other words, aside from the automatic conversion of options into shares, every discretionary transaction in the file is aimed at reducing his position. The recent trades follow the same direction. On May 20, 2026, Maddox reported an open-market sale (code S) of $392,392, along with a separate transaction coded "I" valued at $609,460 on the same day. Earlier in 2026, his Form 4s show a recurring pattern of option-exercise and tax-withholding events, with shares sold back to the issuer (code D) to cover the exercise cost. Those issuer buybacks were substantial: $525,687.44 on January 2, 2026, $389,884.64 on January 28, $81,488.44 on January 8, and $57,770.08 on January 4, alongside the associated option exercises and tax withholding (code F). The most recent open-market sale is the May S-filing; the prior "S" trades, if any, are not listed, but the overall record shows a steady liquidation pattern across the recent window, including several large issuer-redemption tranches in early 2026.