Battalion Oil (BATL) Form 144: 1.8M common shares proposed for resale

Rhea-AI Filing Summary

Battalion Oil Corporation filed a Form 144 notice reporting proposed sales of 1,800,000 common shares tied to the conversion of 7,803 shares of Series A-2 Preferred Stock into common stock on 03/30/2026. The filing lists broker Height Securities LLC (doing business as Height Capital Markets) and shows selling activity by Luminus Management LLC on 03/30/2026 and 03/31/2026, with reported quantities of 681,105 and 1,027,775 common shares and corresponding gross proceeds of $3,793,705.38 and $4,116,011.98 respectively.

Insights

SEC filings analyst

Form 144 shows proposed resale of converted common shares and specific selling-holder transactions.

The filing documents a proposed resale of 1,800,000 common shares arising from a 03/30/2026 conversion of 7,803 Series A-2 Preferred shares into common stock. Broker-dealer involvement is listed as Height Securities LLC.

Two selling entries from Luminus Management LLC appear: 681,105 shares on 03/30/2026 and 1,027,775 shares on 03/31/2026, with gross proceeds reported. The notice is administrative: transaction timing, actual settlement, and any trading limitations are not stated in this excerpt.

Key Figures

Proposed shares to be sold: 1,800,000 shares Preferred-to-common conversion: 7,803 shares Luminus sale on 03/30/2026: 681,105 shares +2 more

5 metrics

Proposed shares to be sold 1,800,000 shares listed under 'Securities To Be Sold' tied to conversion on 03/30/2026

Preferred-to-common conversion 7,803 shares Conversion of Series A-2 Preferred Stock into Common Stock on 03/30/2026

Luminus sale on 03/30/2026 681,105 shares Selling-holder entry with gross proceeds of $3,793,705.38

Luminus sale on 03/31/2026 1,027,775 shares Selling-holder entry with gross proceeds of $4,116,011.98

Broker-dealer Height Securities LLC Broker listed as Height Capital Markets on the filing cover data

Key Terms

Form 144, Conversion of Series A-2 Preferred Stock, Gross proceeds, Broker-dealer (dba)

4 terms

Form 144 regulatory

"Filer Information | 144: Filer Information"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Conversion of Series A-2 Preferred Stock financial

"Conversion of 7,803 shares Series A-2 Preferred Stock into Common Stock"

Gross proceeds financial

"681105 | 3793705.38"

The total amount of cash a company receives from a financing event or sale before any fees, expenses, taxes or deductions are taken out. Investors watch gross proceeds because it shows the raw scale of new capital being raised—think of it as the paycheck amount before withholdings—which helps assess how much funding is available for operations, growth, debt payoff or how much shareholder dilution might occur once costs are removed.

Broker-dealer (dba) regulatory

"Height Securities LLC dba Height Capital Markets"

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
commond	Height Securities LLC dba Height Capital Markets 1401 New York Ave NW Ste 700 WASHINGTON DC 20005	1800000	7020000.00	18256563	03/31/2026	OTCX

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	03/30/2026	Conversion of 7,803 shares Series A-2 Preferred Stock into Common Stock	Battalion Oil Corporation			1800000	03/30/2026	Conversion of Series A-2 Preferred Stock

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Luminus Management LLC 1811 BERING DRIVE Suite 400 HOUSTON TX 77057	common	03/30/2026	681105	3793705.38
Luminus Management LLC 1811 BERING DRIVE SUITE 400 HOUSTON TX 77507	common	03/31/2026	1027775	4116011.98

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does Battalion Oil (BATL) report in this Form 144?

The filing reports a proposed resale of 1,800,000 common shares following a conversion on 03/30/2026. It lists broker Height Securities LLC and selling-holder activity by Luminus Management LLC on two dates with stated share counts and gross proceeds.

How many shares did Luminus Management LLC show for sale in BATL's filing?

The filing lists 681,105 shares offered on 03/30/2026 and 1,027,775 shares on 03/31/2026. Each row includes the gross proceeds reported alongside the share amounts for those dates.

What triggered the share availability in the BATL Form 144?

Share availability arose from the conversion of 7,803 Series A-2 Preferred Stock into common stock on 03/30/2026. The filing ties the reported common share amount to that conversion event.

Which broker-dealer is listed in the BATL Form 144?

The filing names Height Securities LLC dba Height Capital Markets at a Washington, D.C. address as the broker-dealer associated with the proposed sales. No execution details are provided in the excerpt.