CNX CNX Resources Corp Insider Trading

Director Thorndike exercises options and immediately sells bulk of shares in CNX Resources.

Director William Thorndike exercised options to acquire over 83,000 shares and then sold roughly 29,000 of them the same day, netting over $1.1 million in proceeds. This pattern—exercise-and-immediate-sell—typically reflects option expiration mechanics or liquidity needs rather than conviction about the company's direction. Thorndike's prior trading history shows seven consecutive sales with no purchases, and his past sales have not coincided with downturns, suggesting he is a net seller regardless of price environment. CNX is a profitable, fast-growing energy company trading modestly below its highs, so the sale does not signal distress; rather, it appears consistent with his established pattern of harvesting equity compensation. With no cluster context showing other insiders acting similarly, this filing reflects a single director's portfolio management decision, not a broader signal about company sentiment.

Director Bernard Lanigan Jr sold 46,119 shares of CNX at $40.60 (-6.7% from 52-week high); holdings reduced 20.7% to 177,180 shares.

Lanigan sold 46,119 shares at $40.60 on 2026-02-19, reducing his stake by 20.7% to 177,180 shares—a material reduction in his direct ownership position at a price near the top of the 52-week range ($28.11–$40.97). His prior five trades at CNX were all buys, with 2 of 5 showing well-timed entry (positive 90-day returns), suggesting selective prior conviction at lower prices. CNX shows strong fundamentals: $583.8M quarterly revenue, +76.8% annual revenue growth, and a 5.35 P/E. The shift from accumulation to a large single sale—despite the company's solid growth backdrop—warrants examination of whether this reflects portfolio rebalancing or a change in the insider's assessment at current valuations.

Director Clarkson J. Palmer buys 10,000 shares of CNX at $31.20 (now $32.64); company posted $-197.7M net loss last year.

Director Palmer purchased 10,000 shares at $31.20 on 2025-05-12, raising his stake to 245,433 shares, at a time when CNX Resources is in material financial distress: the company reported a $-197.7M net loss for its most recent full fiscal year and annual revenue declined 63.1% year-over-year. The stock is currently trading at $32.64, only 5.1% above the purchase price but -20.6% from its 52-week high of $41.09, reflecting broader pressure on the equity. The open-market purchase by a director during a period of significant operational and financial deterioration, combined with the company's ongoing unprofitability, is notable context for investors monitoring the company's trajectory and insider conviction levels.

MFN Partners LP (10% owner) sold 1,075,000 shares of CNX at $31.09; stock down 24.0% from 52-week high.

MFN Partners, a major 10% holder, sold 1,075,000 shares (7.2% of prior holdings) on January 6, 2025 at $31.09, reducing the stake from 15,000,000 to 13,925,000 shares and realizing $33,421,750.00. The stock has fallen 24.0% from its 52-week high of $41.09 and is down 14.9% over the past 30 days, placing the transaction price modestly above recent market levels. Across the insider's cross-ticker track record, prior sells have achieved a 25.00% well-timed rate with an average 90-day return of +2.2%, suggesting the insider's historical sell timing has been predominantly poor; this particular sale follows that pattern with the stock currently trading at $31.24, marginally above the transaction price. CNX trades at a P/E of 8.20 with strong recent fundamentals (revenue growth of 172.4% year-over-year and net income of $65,540,000.00 in the latest quarter), leaving the economic rationale for the sale ambiguous given the depressed valuation and solid operational performance.

Director Lanigan buys 75,000 CNX shares at $26.81; holdings jump 22.9% to 401,820 shares post-transaction.

Bernard Lanigan Jr., a director, purchased 75,000 shares of CNX Resources on 2024-09-09 for $2.0M, increasing his holdings by 22.9% to 401,820 shares. The transaction occurred near the company's 52-week range and reflects a substantial personal investment commitment. At CNX specifically, Lanigan's prior 5 trades generated mixed results—one prior buy on 2024-08-20 is still awaiting outcome measurement, while his 2023 purchases showed near-term gains (30d returns +5.3% to +6.6%) but 90-day declines (-8.1% to -8.4%); only 1 of 4 prior measurable CNX trades achieved positive 90-day returns. The company faces headwinds: latest quarterly net income was -$18.3M despite revenue of $321.4M, though year-over-year revenue growth stands at +172.4%.

Director LANIGAN BERNARD JR purchases 75,000 shares of CNX at $26.74, raising stake 29.8% to 326,820 shares

LANIGAN BERNARD JR, a director, purchased 75,000 shares at $26.74 on 2024-08-20, expanding his holdings by 29.8% from 251,820 to 326,820 shares in a $2,005,500 transaction. The purchase occurred near the 52-week high of $27.42, with the stock currently at $27.00 and up +6.0% over 30 days and +8.7% over 90 days. At the same ticker, the insider's prior four trades show mixed timing outcomes: one purchase was well-timed with a 90-day return of +28.8%, while three others produced 90-day losses ranging from -8.1% to -8.4%. CNX itself shows financial stress with net income of $-18.3M in the latest quarter despite strong annual revenue growth of +172.4%, and a notably low P/E of 7.80 on a $4.1B market cap. The coincidence of a substantial position increase at near-52-week-high prices, paired with recent same-ticker underperformance in the 90-day window, and the company's ongoing profitability challenges, presents a data pattern worth monitoring as it unfolds.