Mr. Hurt's exit filing and explicit disavowal of any plans removes the overhang of a potential activist campaign. However, his ongoing board seat means he retains influence. Monitor for any future open-market purchases or sales by Mr. Hurt or other insiders, and for any changes in board composition or strategic direction in upcoming filings.
Price Chart
Executive Summary
Clint Hurt, a director of PrimeEnergy Resources, filed Amendment No. 7 to his Schedule 13D, reporting that he sold 7,800 shares in open-market transactions on September 2 and September 8, 2026, reducing his beneficial ownership to 73,937 shares (4.67% of outstanding). This filing states it is the final amendment and an exit filing, as Mr. Hurt is no longer a >5% beneficial owner. The filing explicitly states he has no current plans or proposals regarding any of the enumerated actions (merger, board change, asset sale, etc.), marking a clear de-escalation from any prior activist posture.
Key Financial Metrics
Key Facts
- Clint Hurt sold 7,800 shares of PNRG common stock on 09/02/2026 (1,800 shares at $230.92) and 09/08/2026 (6,000 shares at $220.44) in open-market transactions.
- Post-sale, Mr. Hurt beneficially owns 73,937 shares (4.67% of 1,582,600 shares outstanding as of August 14, 2026), down from above 5%.
- This is Amendment No. 7 and is designated as the final amendment and an exit filing for Mr. Hurt.
- Mr. Hurt states he has no current plans or proposals for any of the actions listed in Item 4 (merger, board change, asset sale, delisting, etc.).
- Mr. Hurt remains a member of the Board of Directors of the Issuer.
Financial Impact
Mr. Hurt sold 7,800 shares for total proceeds of approximately $1.74 million (1,800 × $230.92 + 6,000 × $220.44). His remaining stake of 73,937 shares is valued at approximately $16.3 million at the last sale price of $220.44.
Risk Factors
- Mr. Hurt's exit filing does not preclude future activism, but his stated lack of plans reduces near-term catalyst risk.
- The company's small float (1.58M shares) means any future insider selling could have outsized price impact.
- The 10-K shows the company is a smaller reporting company with concentrated ownership; any shift in large holder sentiment could affect liquidity.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13D/A Filing (Primary) | 0001437749-26-031158 |
| Document: 0001437749-26-031158-index.html | 0001437749-26-031158 |
| Document: 0001437749-26-031158.txt | 0001437749-26-031158 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 24, 2026 4w ago | SC 13D/A | $208.67 | awaiting T+60 | — | $218.17 (+4.55%) |
Aug 14, 2026 10w ago | Press Release | $200.98 | awaiting T+60 | — | $218.17 (+8.55%) |
Jun 11, 2026 19w ago | Press Release | $190.66 $215.52 | ▲ +13.04% | ▲ +9.78% | $218.17 (+14.43%) |
May 20, 2026 22w ago | Press Release | $245.98 $200.98 | ▲ +18.29% | ▲ +23.30% | $218.17 (+11.31%) |
Apr 27, 2026 25w ago | Insider Cluster | $211.54 $187.20 | ▲ +11.51% | ▲ +15.60% | $218.17 (−3.13%) |
Apr 24, 2026 26w ago | Insider Cluster | $230.00 $189.86 | ▲ +17.45% | ▲ +22.53% | $218.17 (+5.14%) |
US Market Status
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