Brigham Minerals (MNRL) director Keenan sold 107,954 shares for $2.25M at $20.84

Insider transactions reported

W Howard Keenan JR (director at Brigham Minerals Inc., MNRL) reported that they sold 107,954 shares for $2.25M at $20.84 on Jun 21, 2021. After these transactions the filing shows 0 shares held indirectly (See footnote).

Reporting person

Keenan W Howard JR

Holdings before and after

• Class A Common Stock: 4,568 to 0 indirect, See footnote

Other positions listed

• Class A Common Stock: 26,564 direct

Footnotes from the filing

1. 1. The broker of the holder of these securities sold such shares subject to a future redemption of the underlying common units of Brigham Minerals Holdings, LLC and cancellation of an equal amount of shares of Class B common stock of Brigham Minerals, Inc. (the Issuer ). The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for Section 16 or any other purpose.
2. 2. These securities are owned directly by Yorktown Energy Partners IX, L.P. ( Yorktown IX ). The reporting person is a member and manager of Yorktown IX Associates LLC, the general partner of Yorktown IX Company LP, the general partner of Yorktown IX.
3. 3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.41 to $21.03, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
4. 4. These securities are owned directly by Yorktown Energy Partners X, L.P. ( Yorktown X ). The reporting person is a member and manager of Yorktown X Associates LLC, the general partner of Yorktown X Company LP, the general partner of Yorktown X.
5. 5. These securities are owned directly by Yorktown Energy Partners XI, L.P. ( Yorktown XI ). The reporting person is a member and manager of Yorktown XI Associates LLC, the general partner of Yorktown XI Company LP, the general partner of Yorktown XI.
6. 6. These securities are owned directly by YT Brigham Co Investment Partners, LP ( YT Brigham ). The reporting person is a member and manager of YT Brigham Associates LLC, the general partner of YT Brigham Company LP, the general partner of YT Brigham.
7. 7. Includes 7,692 restricted stock units awarded on May 26, 2021 pursuant to the Brigham Minerals, Inc. 2019 Long Term Incentive Plan. The award vests in full on the first anniversary of the grant date, subject to continued employment through the vesting date.

Transaction codes in this filing

Open-market sale:

Code S marks a sale in the open market or a private deal. The insider received cash for these securities.

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