LYTLE PATRICK A (Controller and PAO) exercised options at SM ENERGY CO

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 3 exercises

LYTLE PATRICK A

Filed: 7/3/2025ACC: 0000893538-25-000074

InsiderLYTLE PATRICK ACIK 1767858

→

IssuerSM ENERGY COCIK 893538

Officer· Controller and PAO

Since Nov 2018

-1.39K

Net shares

Net seller

$55.8K

Total sold

Open market trades

0B · 0S

Total transactions

6.28K acquired · 7.67K disposed

Non-Derivative Transactions8

Common Stock, $.01 Par Value

Direct

J · J

+224.00

Price / share

$32.70

Trade value

$7.32K

% of position

2.8%

12/31/2024

8.01K→8.23K

Common Stock, $.01 Par Value

Direct

J · J

+644.00

Price / share

$21.34

Trade value

$13.74K

% of position

7.8%

6/30/2025

8.23K→8.87K

Common Stock, $.01 Par Value

Direct

M · Option Exercise

+1.22K

Price / share

—

Trade value

—

% of position

13.8%

7/1/2025

8.87K→10.10K

Common Stock, $.01 Par Value

Direct

F · Tax Withholding

−511.00

Price / share

$24.71

Trade value

$12.63K

% of position

5.1%

7/1/2025

10.10K→9.59K

Common Stock, $.01 Par Value

Direct

M · Option Exercise

+2.37K

Price / share

—

Trade value

—

% of position

24.7%

7/1/2025

9.59K→11.96K

Common Stock, $.01 Par Value

Direct

F · Tax Withholding

−990.00

Price / share

$24.71

Trade value

$24.46K

% of position

8.3%

7/1/2025

11.96K→10.97K

Common Stock, $.01 Par Value

Direct

M · Option Exercise

+1.81K

Price / share

—

Trade value

—

% of position

16.5%

7/1/2025

10.97K→12.78K

Common Stock, $.01 Par Value

Direct

F · Tax Withholding

−757.00

Price / share

$24.71

Trade value

$18.71K

% of position

5.9%

7/1/2025

12.78K→12.02K

Total

Net shares

+4.02K

Net value

-$34.73K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock, $.01 Par Value Direct	12/31/2024	J · J	+224.00	$32.70	$7.32K	2.8%	8.01K	8.23K
Common Stock, $.01 Par Value Direct	6/30/2025	J · J	+644.00	$21.34	$13.74K	7.8%	8.23K	8.87K
Common Stock, $.01 Par Value Direct	7/1/2025	M · Option Exercise	+1.22K	—	—	13.8%	8.87K	10.10K
Common Stock, $.01 Par Value Direct	7/1/2025	F · Tax Withholding	−511.00	$24.71	$12.63K	5.1%	10.10K	9.59K
Common Stock, $.01 Par Value Direct	7/1/2025	M · Option Exercise	+2.37K	—	—	24.7%	9.59K	11.96K
Common Stock, $.01 Par Value Direct	7/1/2025	F · Tax Withholding	−990.00	$24.71	$24.46K	8.3%	11.96K	10.97K
Common Stock, $.01 Par Value Direct	7/1/2025	M · Option Exercise	+1.81K	—	—	16.5%	10.97K	12.78K
Common Stock, $.01 Par Value Direct	7/1/2025	F · Tax Withholding	−757.00	$24.71	$18.71K	5.9%	12.78K	12.02K
Total			+4.02K		-$34.73K

Derivative Transactions3

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock, $.01 Par Value

1.22K shares

−1.22K

Strike price

Held after

0.00

Exercisable

—

7/1/2025

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock, $.01 Par Value

2.37K shares

−2.37K

Strike price

Held after

2.37K

Exercisable

—

7/1/2025

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock, $.01 Par Value

1.81K shares

−1.81K

Strike price

Held after

3.63K

Exercisable

—

7/1/2025

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Units Direct	Common Stock, $.01 Par Value1.22K shares	7/1/2025	M · Option Exercise	−1.22K	—	0.00
Restricted Stock Units Direct	Common Stock, $.01 Par Value2.37K shares	7/1/2025	M · Option Exercise	−2.37K	—	2.37K
Restricted Stock Units Direct	Common Stock, $.01 Par Value1.81K shares	7/1/2025	M · Option Exercise	−1.81K	—	3.63K