---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-235322"
form_type: "8-K"
ticker: "OGS"
cik: "0001587732"
company_name: "ONE Gas, Inc."
filed_at: "2023-09-14T23:59:59+00:00"
generated_at: "2026-06-10T17:35:21.549074+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# ONE Gas enters into forward sale agreement for 1.2M shares at $73.67/share

## Summary
- Forward sale agreement with Bank of America for 1,200,000 shares of common stock at initial forward price $73.67 per share.
- Settlement expected by December 31, 2024; physical settlement would involve issuing shares at the applicable forward price.
- Underwriting agreement with BofA Securities for concurrent public offering of 1.2M borrowed shares; underwriter option for 180K additional shares.
- The forward price is adjusted daily by overnight bank funding rate minus 0.75% spread and reduced on specified dates.

## SEC filing metadata
- accession: 0001193125-23-235322
- form_type: 8-K
- ticker: OGS
- cik: 0001587732
- company_name: ONE Gas, Inc.
- filed_at: 2023-09-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1587732/000119312523235322/0001193125-23-235322-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1587732/000119312523235322/d505539d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-235322
- JSON: https://secwatch.observer/filing/0001193125-23-235322.json
- Plain text: https://secwatch.observer/filing/0001193125-23-235322.txt

## Key facts
- Material Agreements
  ONE Gas, Inc. entered into Forward Sale Agreement with Bank of America, N.A. valued at 1,200,000 shares of common stock at initial forward sale price of $73.67 per share (effective 2023-09-11).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Bank of America, N.A.
  - Value: 1,200,000 shares of common stock at initial forward sale price of $73.67 per share
  - Effective: 2023-09-11
  source text: On September 11, 2023, ONE Gas, Inc. (the “ Company ”) entered into a forward sale agreement (the “ Forward Sale Agreement ”) with Bank of America, N.A. (the “ Forward Purchaser ”), relating to 1,200,000 shares of the Company’s common stock, par value $0.01 per share (the “ common stock ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1587732/000119312523235322/0001193125-23-235322-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.