secwatch.observer — SEC 8-K summary
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Issuer:     Magnolia Oil & Gas Corp (MGY)
CIK:        0001698990
Form:       8-K
Filed at:   2021-09-28T23:59:59+00:00
Accession:  0001698990-21-000042
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Magnolia Oil & Gas: selling stockholders sell 7.5M shares at $16.38; company repurchases 3M parent units
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- Selling stockholders (EnerVest affiliates) sold 7,500,000 shares of Class A common at $16.38 per share in underwritten offering via J.P. Morgan.
- Company concurrently purchased 3,000,000 Magnolia LLC Units and corresponding Class B shares from certain sellers at same price using cash on hand.
- Company did not receive any proceeds from the offering; Concurrent Unit Purchase funded with cash on hand.
- After the offering, selling stockholders collectively own approximately 31.5% of total outstanding common stock.
- The offering and Concurrent Unit Purchase closed on September 28, 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698990/000169899021000042/0001698990-21-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698990/000169899021000042/mgy-20210923x8k.htm
  HTML page:      https://secwatch.observer/filing/0001698990-21-000042

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