LUMINUS MANAGEMENT LLC sold BATL

May 21, 2026 · Form 4 insider transaction

LUMINUS MANAGEMENT LLC sold 384,282 shares of Battalion Oil Corporation at $0.00 per share, a transaction worth N/A. The trade was recorded as j and disclosed on an SEC Form 4, filed 5 days after the transaction.

Direction
Disposed (sell-side)
Shares
384,282
Price
$0.00
Total value
N/A
Role
SecurityCommon Stock
Transaction codeJ: J
Transaction dateMay 21, 2026
Filing dateMay 26, 2026
Shares owned after1,069,455
OwnershipIndirect
10b5-1 planNo
AmendedNo

Footnotes

As previously disclosed, on March 24, 2026, Luminus Energy Partners Master Fund, Ltd. ("Master Fund") effected a distribution in kind of 5,200,000 shares (the "Shares") of common stock of the Issuer in the aggregate to: (i) its two feeder funds, Luminus Energy Partners QP, LP, a Delaware limited partnership ("LEP Onshore"), which received 2,117,140 Shares, and LEP Offshore (through LILP, an intermediary entity which received 2,641,189 Shares); and (ii) two affiliates that have economic interests in the Master Fund, namely LCP Onshore, which received 396,433 Shares, and LCP Offshore, which received 45,238 Shares. Each of the Funds had issued illiquid certificates to their respective investors on April 1, 2020.; In connection with the distribution in kind, the Manager planned to distribute 5,200,000 shares of common stock. As Certificate Holders entitled to receive 1,145,542 shares of common stock (the "Segregated Shares") in the aggregate did not either (i) respond or provide the requisite information to the Fund's administrator and the Manager to receive the Segregated Shares, (ii) were unable to accept delivery of the Segregated Shares or (iii) chose not to participate in the distribution (such Certificate Holders being referred to as the "Non Returners"), the Master Fund continues to hold the Segregated Shares and retains both voting and disposition power over the Segregated Shares. The Master Fund, however, has no economic interest in the Segregated Shares as the Master Fund is holding the Segregated Shares for the benefit of the Non Returners.; On April 9, 2026, the Master Fund distributed 14,003 shares of common stock, on April 10, 2026, the Master Fund distributed 148,286 shares of common stock, on April 13, the Master Fund distributed 2,372 shares of common stock on April 17, 2026 the Master Fund distributed 8,551 shares of common stock and on May 21, 2026, the Master Fund distributed 384,282 shares of common stock to certain Non Returners who provided their information.; As of the date of this filing, 208,489 Segregated Shares continue to be held by the Master Fund. The Master Fund can, in its discretion, sell the Segregated Shares on behalf of the Non Returners and/or make one or more distribution in kind of the Segregated Shares to the Non Returners who provide their requisite information.; Shares reported herein are held by the Master Fund for which Luminus Management, LLC serves as the investment manager. Jonathan Barrett is the ultimate beneficial owner of Luminus Management, LLC. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein.

View the original Form 4 on SEC EDGAR