Tom L. Ward, Chief Executive Officer and director of Mach Natural Resources GP LLC, filed a Form 4 on October 30, 2026, disclosing the disposition of 16,156 common units of Mach Natural Resources LP on October 28, 2026, to satisfy tax withholding obligations tied to the vesting of phantom units.

Key Highlights

  • Transaction: 16,156 common units were disposed of on October 28, 2026, at a price of $10.62 per unit, under transaction code F (tax withholding).
  • Purpose: According to the filing, the issuer withheld the units to satisfy tax withholding obligations associated with the vesting of phantom units.
  • Resulting direct ownership: Following the transaction, Ward directly holds 14,205,136 common units.
  • Indirect holdings: Ward also reports indirect beneficial ownership through the Tom L. Ward 1992 Revocable Living Trust (13,467,452 units), Mach Resources LLC (421,100 units), Tom L. Ward Family Foundation (167,030 units), and WCT Resources LLC (76,628 units).
  • Role: Ward is identified as Chief Executive Officer of Mach Natural Resources GP LLC, the general partner of the issuer, as well as a director and 10% owner.
  • Disclaimers: Ward disclaims beneficial ownership of securities held by each indirect vehicle except to the extent of any pecuniary interest he may have therein.

Ward's Phantom Unit Vesting Triggers Tax Withholding Transaction at Mach Natural Resources

According to the Form 4 filed with the SEC on October 30, 2026, Tom L. Ward reported a single non-derivative transaction involving common units of Mach Natural Resources LP (NASDAQ:MNR). On October 28, 2026, 16,156 common units were disposed of at $10.62 per unit under transaction code F, which the filing explains reflects units withheld by the issuer to cover tax withholding obligations arising from the vesting of phantom units. No open-market sale is indicated by this transaction code.

Following the reported transaction, Ward's direct beneficial ownership stands at 14,205,136 common units, according to the filing. In addition, the filing discloses four categories of indirect beneficial ownership: 13,467,452 units held by the Tom L. Ward 1992 Revocable Living Trust, for which Ward serves as trustee; 421,100 units held by Mach Resources LLC, which Ward controls and which is owned 50.5% by Ward through the Trust and 49.5% by WCT Resources; 167,030 units held by the Tom L. Ward Family Foundation, over which Ward exercises control; and 76,628 units held by WCT Resources LLC, which is owned by certain trusts affiliated with Ward.

The filing notes that Ward is Chief Executive Officer of Mach Natural Resources GP LLC, the general partner of the issuer, and that the issuer is managed by the directors and executive officers of the General Partner. The Form 4 was signed by Michael E. Reel as attorney-in-fact for Ward and filed on October 30, 2026.

What Was Disclosed

Tom L. Ward's Form 4 disclosed a tax-withholding disposition of 16,156 common units at $10.62 on October 28, 2026, linked to phantom unit vesting, with resulting direct ownership of 14,205,136 units and additional indirect holdings across four affiliated entities.