Magnolia Oil & Gas Corp: selling stockholders sell 7.5M shares at $24.26; company buys 2M LLC units

Magnolia Oil & Gas Corp

Selling stockholders (EnerVest affiliates) sold 7.5M Class A shares at $24.26 each via underwritten offering.
Company did not receive any proceeds from the offering; proceeds go to selling stockholders.
Company concurrently purchased 2M Magnolia LLC Units from certain selling stockholders using cash on hand, at same $24.26 per unit.
After the offering, selling stockholders collectively own approximately 14% of total outstanding common stock.
Underwriting agreement with J.P. Morgan Securities LLC; offering closed Nov 8, 2022.

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