Magnolia Oil & Gas: EnerVest affiliates sell 7.5M shares; company buys 2.5M LLC units

Magnolia Oil & Gas Corp

Selling stockholders (EnerVest affiliates) sold 7.5M shares of Class A common at $21.72 per share via Citigroup.
Company concurrently purchased 2.5M Magnolia LLC Units from certain selling stockholders at same price with cash on hand.
Company did not receive any proceeds from the offering; transaction closed March 14, 2022.
After the offering, selling stockholders own approximately 21.9% of total outstanding common stock.

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