Sproule David bought INR
March 13, 2026 · Form 4 insider transaction
Sproule David bought 275,000 shares of Infinity Natural Resources, Inc., a transaction worth N/A. The trade was recorded as conversion of a derivative and disclosed on an SEC Form 4, filed 0 days after the transaction.
Footnotes
On March 13, 2026, the Reporting Person exchanged 275,000 Common Units of INR LLC (together with the cancellation for no consideration of an equal number of shares of Class B Common Stock of the Issuer) on a one-for-one basis for shares of Class A common stock of the Issuer.; Pursuant to the Second Amended and Restated Limited Liability Company Agreement of Infinity Natural Resources, LLC ("INR LLC"), at the request of a holder, each Common Unit of INR LLC (together with the cancellation for no consideration of an equal number of shares of Class B Common Stock, par value $0.01 per share, of the Issuer) may be redeemed at INR LLC's election for (a) newly-issued shares of Class A Common Stock, par value $0.01 per share, of the Issuer on a one-for-one basis or (b) cash. The Common Units do not expire. Shares of Class B Common Stock do not represent economic interests in the Issuer.