BATL BATTALION OIL CORP Insider Trading

Luminus Management (Director) sold 1,890,482 shares for $8,625,138.08 across 3 transactions; holds 2,006,508 shares post-sale.

Luminus Management executed 3 separate sales totaling 1,890,482 shares for $8,625,138.08 (blended average $4.56) on March 30-31, 2026, reducing holdings by 48.5% from 3,896,990 shares to 2,006,508 shares. The transactions occurred amid significant price volatility—the stock is down 67.4% over the prior 30 days and 86.1% from its 52-week high of $27.68, trading at the current price of $3.85. Battalion Oil reported negative net income of $-735,000 and annual revenue decline of 14.4%, with a market cap of $70.3M. The FLAG notes this filing involves a derivative conversion; the insider's complete position in derivative securities (Table II) is not yet populated in the database, so these Table I share sales do not necessarily represent a full position exit.

Gen IV Investment Opportunities sold 2,369,769 shares of BATL at $5.82; 100% stake liquidation.

A director entity liquidated its entire 2,369,769 shares position in Battalion Oil, generating $13,793,477.44. The timing is notable: the sale occurred at $5.82, but the stock has since risen 53.3% over 30 days and 440.5% over 90 days to a current price of $6.27, suggesting the insider exited before a significant rally. The company faces headwinds—annual revenue contracted 14.4% year-over-year to $43,482,000.00 in the latest quarter, and it posted a net loss of $-735,000.00—yet the stock has experienced exceptional recovery momentum. A complete stake disposal by a director raises questions about conviction at these valuation levels, particularly given the recent upward trajectory and the company's challenged fundamentals.