secwatch.observer — SEC 8-K summary
======================================

Issuer:     United States Natural Gas Fund, LP (UNG)
CIK:        0001376227
Form:       8-K
Filed at:   2026-10-15T20:36:00+00:00
Accession:  0002071876-26-000249
Event type: other_material
Sentiment:  neutral
Materiality: 0.20
Item codes: 1.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

UNG lowers ISDA termination threshold with Societe Generale to $200M from $1.5B
-------------------------------------------------------------------------------

- As of October 13, 2026, United States Natural Gas Fund amended its ISDA 2002 Master Agreement with Societe Generale, originally entered June 13, 2022.
- The amendment cuts UNG's 'Total Net Assets Decline Event' Additional Termination Event threshold from $1.5 billion to $200,000,000.
- All other Party B entities listed on Appendix I keep the $1.5 billion TNA decline threshold; UNG is the only one reduced to $200M.
- The filing states the lower threshold reflects UNG's performance and is meant to prevent the TNA ATE triggering absent a credit event for the Registrant.
- Amendment signed by UNG general partner USCF's President and CEO John P. Love; Societe Generale signed via director Roberto Peralta.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1376227/000207187626000249/0002071876-26-000249-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1376227/000207187626000249/i26416_ung-8k.htm
  HTML page:      https://secwatch.observer/filing/0002071876-26-000249

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer