THOMIST CAPITAL MANAGEMENT, LP - 14 Aug 2024 Form 4 Insider Report for PEABODY ENERGY CORP (BTU)

Role
10%+ Owner
Signature
THOMIST CAPITAL MANAGEMENT, LP, By: Thomist Capital, LLC, its general partner, By: /s/ Brian Kuzma, Title: Managing Member
Issuer symbol
BTU
Transactions as of
14 Aug 2024
Net transactions value
+$1,791,700
Form type
4
Filing time
26 Aug 2024, 20:21:14 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BTU Common Stock Purchase +24,300 +0.76% 3,230,091 14 Aug 2024 See Footnotes F1, F2, F3, F4
transaction BTU Common Stock Purchase +48,600 +3.1% 1,617,455 14 Aug 2024 See Footnotes F1, F2, F3, F5
transaction BTU Common Stock Purchase +24,300 +3.1% 808,726 14 Aug 2024 See Footnotes F1, F2, F3, F6
transaction BTU Common Stock Exercise of in-the-money or at-the-money derivative security $731,400 +31,800 +2% $23.00 1,649,255 15 Aug 2024 See Footnotes F2, F3, F5
transaction BTU Common Stock Exercise of in-the-money or at-the-money derivative security $598,000 +26,000 +3.2% $23.00 834,726 15 Aug 2024 See Footnotes F2, F3, F6
transaction BTU Common Stock Exercise of in-the-money or at-the-money derivative security $462,300 +20,100 +1.2% $23.00 1,669,355 16 Aug 2024 See Footnotes F2, F3, F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BTU Put Option (Obligation to Buy) Exercise of in-the-money or at-the-money derivative security $0 -318 -61% $0.000000 201 15 Aug 2024 Common Stock 31,800 $23.00 See Footnotes F2, F3, F5
transaction BTU Put Option (Obligation to Buy) Exercise of in-the-money or at-the-money derivative security $0 -260 -100% $0.000000 0 15 Aug 2024 Common Stock 26,000 $23.00 See Footnotes F2, F3, F6
transaction BTU Put Option (Obligation to Buy) Exercise of in-the-money or at-the-money derivative security $0 -201 -100% $0.000000 0 16 Aug 2024 Common Stock 20,100 $23.00 See Footnotes F2, F3, F5
transaction BTU Call Option (Right to Buy) Sale -8,257 -24% 26,743 16 Aug 2024 Common Stock 825,700 $27.00 See Footnotes F2, F3, F4, F7
transaction BTU Call Option (Right to Buy) Sale -5,829 -25% 17,504 16 Aug 2024 Common Stock 582,900 $27.00 See Footnotes F2, F3, F5, F7
transaction BTU Call Option (Right to Buy) Sale -2,914 -25% 8,753 16 Aug 2024 Common Stock 291,400 $27.00 See Footnotes F2, F3, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

THOMIST CAPITAL MANAGEMENT, LP is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $21.81 to $21.905, inclusive. The reporting persons undertake 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 purchased at each separate price within the range set forth in this footnote.
F2 This Form 4 is being filed by (a) Thomist Capital Management, LP (the "Manager"), (b) Thomist Capital, LLC (the "GP"), (c) The Thomist Fund, LP (the "Fund"), and (d) Brian Kuzma ("Mr. Kuzma", and collectively with the Manager, the GP and the Fund, the "Reporting Persons"). The Manager, as the investment manager of the Fund and two third-party accounts ("Managed Account 1" and "Managed Account 2") over which the Manager has voting and investment discretion. Mr. Kuzma is the managing member of the GP, which is the general partner of the Manager and the Fund.
F3 The filing of this statement shall not be deemed an admission that any of the Reporting Persons is the beneficial owner of any of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, and each of the Reporting Persons disclaims beneficial ownership of the reported securities except to the extent of its or his pecuniary interest therein.
F4 The securities reported are held by the Fund. The GP and Mr. Kuzma may be deemed to have a pecuniary interest in the securities held by the Fund due to and indirect profits allocation to the GP and Mr. Kuzma's interest in the Fund.
F5 The securities reported are held by Managed Account 1. The Reporting Persons other than the Fund may be deemed to have a pecuniary interest in the securities held by Managed Account 1 due to a performance-related fee.
F6 The securities reported are held by Managed Account 2. The Reporting Persons other than the Fund may be deemed to have a pecuniary interest in the securities held by Managed Account 2 due to a performance-related fee.
F7 These contracts were sold in two transactions at prices of $26.72 per contract for the first 15,000 contracts and $20 per contract for the remaining portion.

Remarks:

The Reporting Persons realized short-swing profits under Section 16(b) of the Securities Exchange Act of 1934, as amended, as a result of transactions in the Issuer's securities reported herein. On August 24, 2024, the Reporting Persons agreed to disgorge $25,386.48 to the Issuer, representing the short-swing profits realized by the Reporting Persons