Sabinal (NYSE: MNR) returns 227,547 units under purchase deal
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mach Natural Resources reported an insider ownership adjustment tied to its purchase and sale agreement with Sabinal Energy Operating, LLC. On February 9, 2026, Sabinal agreed to deliver 227,547 Common Units back to Mach as a final purchase price adjustment under the PSA.
After this transfer, Sabinal, a portfolio company of a fund managed by Kayne Anderson Capital Advisors, L.P., is shown as indirectly holding 18,960,034 Common Units of Mach Natural Resources.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
KAYNE ANDERSON CAPITAL ADVISORS LP, Sabinal Energy Operating, LLC
Role
10% Owner | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Units | 227,547 | $14.56 | $3.31M |
Holdings After Transaction:
Common Units — 18,960,034 shares (Indirect, Sabinal Energy Operating, LLC)
Footnotes (1)
- As part of the purchase and sale agreement between Mach Natural Resources ("MNR") and Sabinal Energy Operating, LLC ("Sabinal") (the "PSA"), MNR issued Sabinal 19,187,581 Common Units (the "Sabinal Common Units"), as previously disclosed in the Form 3 filed on 9/22/25. In accordance with the final purchase price adjustment mechanics contained in the PSA, Sabinal has agreed to deliver to MNR 227,547 Sabinal Common Units. The reported units are held by Sabinal Energy Operating, LLC, a portfolio company of a private investment fund managed by Kayne Anderson Capital Advisors, L.P.
FAQ
What insider transaction did MNR report in this Form 4?
Mach Natural Resources reported that Sabinal Energy Operating, LLC agreed to deliver 227,547 Common Units back to the company. This adjustment stems from final purchase price mechanics in their purchase and sale agreement, rather than an open-market trade or discretionary sale.
Who is the reporting owner in the MNR Form 4 filing?
The filing lists Kayne Anderson Capital Advisors, L.P. and Sabinal Energy Operating, LLC as reporting persons, each identified as a 10% owner. The reported Common Units are held by Sabinal, which is a portfolio company of a private investment fund managed by Kayne Anderson.
How many MNR units did Sabinal return under the purchase agreement?
Sabinal agreed to deliver 227,547 Mach Natural Resources Common Units back to the company. This delivery was required under the final purchase price adjustment mechanics in the purchase and sale agreement, refining the original equity consideration MNR issued to Sabinal.
What is Sabinal’s MNR ownership after the reported transaction?
Following the reported adjustment, Sabinal Energy Operating, LLC is shown as indirectly beneficially owning 18,960,034 Common Units of Mach Natural Resources. These units reflect Sabinal’s remaining equity stake after delivering 227,547 units back to Mach under the purchase price adjustment.
What price per unit is shown for the MNR Form 4 transaction?
The Form 4 lists a price of $14.56 per Common Unit for the 227,547 units delivered by Sabinal. This price is part of the transaction reporting structure and does not change that the transfer arises from purchase price adjustment terms in the purchase and sale agreement.
How many MNR units did Sabinal originally receive under the PSA?
Under the purchase and sale agreement, Mach Natural Resources issued Sabinal 19,187,581 Common Units, described as the Sabinal Common Units. The reported 227,547-unit delivery back to Mach reflects a final adjustment to that original equity consideration based on the agreement’s pricing mechanics.