---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-117786"
form_type: "8-K"
ticker: "OGS"
cik: "0001587732"
company_name: "ONE Gas, Inc."
filed_at: "2025-05-12T23:59:59+00:00"
generated_at: "2026-05-21T23:39:17.032091+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ONE Gas enters forward sale agreement for 2.5M shares at $78.76, with greenshoe option

## Summary
- Forward sale agreement with JPMorgan for 2,500,000 shares at initial forward price of $78.76 per share; settlement by Dec 31, 2026.
- Underwriter (J.P. Morgan) sold borrowed shares in registered offering; company granted 30-day option for up to 375,000 additional shares.
- Company expects to physically settle, issuing new shares, diluting existing shareholders.
- Forward price adjusts daily based on overnight bank funding rate minus 0.75% spread.
- Certain events (e.g., inability to borrow shares, ownership thresholds) can trigger acceleration by JPMorgan.

## SEC filing metadata
- accession: 0001193125-25-117786
- form_type: 8-K
- ticker: OGS
- cik: 0001587732
- company_name: ONE Gas, Inc.
- filed_at: 2025-05-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1587732/000119312525117786/0001193125-25-117786-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1587732/000119312525117786/d833629d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-117786
- JSON: https://secwatch.observer/filing/0001193125-25-117786.json
- Plain text: https://secwatch.observer/filing/0001193125-25-117786.txt

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