Magnolia Oil & Gas Corp - 30 May 2023 Form 4 Insider Report for Gulf Coast Ultra Deep Royalty Trust (GULTU)

Role
10%+ Owner
Signature
/s/Timothy D. Yang
Issuer symbol
GULTU
Transactions as of
30 May 2023
Net transactions value
$0
Form type
4
Filing time
01 Jun 2023, 16:18:00 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GULTU Royalty Trust Units Sale -31,143,150 -100% 0 30 May 2023 See footnote F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Magnolia Oil & Gas Corp is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 The Royalty Trust Units are owned directly by Highlander Oil & Gas Assets LLC, which is a wholly-owned subsidiary of Highlander Oil & Gas Holdings LLC ("Holdings"). MGY Louisiana LLC held approximately 85% of the units in Holdings. MGY Louisiana LLC is a wholly-owned subsidiary of Magnolia Oil & Gas Operating LLC, which is a wholly-owned subsidiary of Magnolia Oil & Gas Intermediate LLC, which is a wholly-owned subsidiary of Magnolia Oil & Gas Parent LLC, whose managing member is Magnolia Oil & Gas Corporation ("Magnolia"). Magnolia disclaims its beneficial ownership of the Royalty Trust Units except to the extent of its pecuniary interest therein. On May 30, 2023, MGY Louisiana LLC sold all of its units in Holdings to a third party.