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sellNotable cluster of 5

Luminus Management LLC sold $8.6M of BATL

director, owner at BATTALION OIL CORP. 1,890,482 shares at an average of $4.56, traded Mar 30, 2026, filed Apr 1, 2026.

Warning score
75
Value
$8.6M
1,890,482 shares
Holdings after
2,006,508
-90% from before
From 52-week low
-
no price yet
From 52-week high
-
no price yet

Score components

  • Role
    Director
    +15
  • Trade size
    $8.6M at market
    +25
  • Share of holdings sold
    Sold 90% of holdings
    +20
  • Cluster
    5 insiders selling within 14 days
    +15

What happened after comparable sells

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

This signal so far: 1m -2.9%, 3m -66.5%, 6m -72.7%.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

BATLOct 9, 2026 · close 1.01
Since filing Apr 1, 2026: -73.8%SPY +19.4% · excess -93.2%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0001104659-26-038748, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Mar 30, 2026SOpen-market sale
Common Stockindirect: See Footnote
-681,105$5.59$3.8M1,415,885Apr 1, 2026
Mar 30, 2026CConversion
Common Stockindirect: See Footnote
+1,800,000$0.00$03,215,885Apr 1, 2026
Mar 31, 2026SOpen-market sale
Common Stockindirect: See Footnote
-872,586$3.85$3.4M2,343,299Apr 1, 2026
Mar 31, 2026SOpen-market sale
Common Stockindirect: See Footnote
-336,791$4.33$1.5M2,006,508Apr 1, 2026
Mar 30, 2026CConversion
Series A-2 Redeemable Convertible Preferred Stockderivativeindirect: See Footnote
+7,803--9,408Apr 1, 2026
Mar 30, 2026SOpen-market sale
Cash-Settled Total Return Swapsderivativeindirect: See Footnote
-131,291$13.78$1.8M0Apr 1, 2026
Mar 30, 2026SOpen-market sale
Cash-Settled Total Return Swapsderivativeindirect: See Footnote
-13,330$13.78$184k0Apr 1, 2026

Related signals

Other insiders at BATTALION OIL CORP and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
55Moderate
BATLsell 5
BATTALION OIL CORP
Walter R Mayer
SVP, General Counsel
$29k
4,777 shares
-96%
75Notable
BATLsell 5
BATTALION OIL CORP
Gen IV Investment Opportunities, LLC
director, owner
$14M
2,369,769 shares
-100%
56Moderate
BATLsell 5
BATTALION OIL CORP
Charles E Martin
VP, Controller
$40k
7,623 shares
-100%
66Notable
BATLsell 5
BATTALION OIL CORP
Daniel P Rohling
Chief Operating Officer
$157k
22,258 shares
-100%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.