PURSELL A WADE

PrivateCIK: 1041812

Location

DENVER, CO

PURSELL A WADE (EVP & CFO) exercised options at SM ENERGY CO

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

M · 3 exercises

PURSELL A WADE

Filed: 7/2/2026ACC: 0000893538-26-000098

InsiderPURSELL A WADECIK 1041812

→

IssuerSM ENERGY COCIK 893538

Officer· EVP & CFO

Since Jul 2018

-13.49K

Net shares

Net seller

$357.1K

Total sold

0

Open market trades

0B · 0S

10

Total transactions

37.59K acquired · 51.08K disposed

Non-Derivative Transactions7

Common Stock, $.01 Par Value

Direct

J · J

Shares

+190.00

Price / share

$15.90

Trade value

$3.02K

% of position

0.0%

6/30/2026

398.11K→398.30K

Common Stock, $.01 Par Value

Direct

M · Option Exercise

Shares

+11.86K

Price / share

—

Trade value

—

% of position

3.0%

7/1/2026

398.30K→410.15K

Common Stock, $.01 Par Value

Direct

F · Tax Withholding

Shares

−3.71K

Price / share

$26.10

Trade value

$96.70K

% of position

0.9%

7/1/2026

410.15K→406.45K

Common Stock, $.01 Par Value

Direct

M · Option Exercise

Shares

+9.54K

Price / share

—

Trade value

—

% of position

2.3%

7/1/2026

406.45K→415.99K

Common Stock, $.01 Par Value

Direct

F · Tax Withholding

Shares

−4.18K

Price / share

$26.10

Trade value

$108.99K

% of position

1.0%

7/1/2026

415.99K→411.82K

Common Stock, $.01 Par Value

Direct

M · Option Exercise

Shares

+16K

Price / share

—

Trade value

—

% of position

3.9%

7/1/2026

411.82K→427.82K

Common Stock, $.01 Par Value

Direct

F · Tax Withholding

Shares

−5.80K

Price / share

$26.10

Trade value

$151.38K

% of position

1.4%

7/1/2026

427.82K→422.02K

Total

Net shares

+23.91K

Net value

-$354.05K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock, $.01 Par Value Direct	6/30/2026	J · J	+190.00	$15.90	$3.02K	0.0%	398.11K	398.30K
Common Stock, $.01 Par Value Direct	7/1/2026	M · Option Exercise	+11.86K	—	—	3.0%	398.30K	410.15K
Common Stock, $.01 Par Value Direct	7/1/2026	F · Tax Withholding	−3.71K	$26.10	$96.70K	0.9%	410.15K	406.45K
Common Stock, $.01 Par Value Direct	7/1/2026	M · Option Exercise	+9.54K	—	—	2.3%	406.45K	415.99K
Common Stock, $.01 Par Value Direct	7/1/2026	F · Tax Withholding	−4.18K	$26.10	$108.99K	1.0%	415.99K	411.82K
Common Stock, $.01 Par Value Direct	7/1/2026	M · Option Exercise	+16K	—	—	3.9%	411.82K	427.82K
Common Stock, $.01 Par Value Direct	7/1/2026	F · Tax Withholding	−5.80K	$26.10	$151.38K	1.4%	427.82K	422.02K
Total			+23.91K		-$354.05K

Derivative Transactions3

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock, $.01 Par Value

11.86K shares

Shares

−11.86K

Strike price

Held after

0.00

Exercisable

—

7/1/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock, $.01 Par Value

9.54K shares

Shares

−9.54K

Strike price

Held after

9.54K

Exercisable

—

7/1/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock, $.01 Par Value

16K shares

Shares

−16K

Strike price

Held after

32K

Exercisable

—

7/1/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Restricted Stock Units Direct	Common Stock, $.01 Par Value11.86K shares	7/1/2026	M · Option Exercise	−11.86K		—	0.00
Restricted Stock Units Direct	Common Stock, $.01 Par Value9.54K shares	7/1/2026	M · Option Exercise	−9.54K		—	9.54K
Restricted Stock Units Direct	Common Stock, $.01 Par Value16K shares	7/1/2026	M · Option Exercise	−16K		—	32K