SEC Form 4 · accession 0000893538-26-000098

SM Energy Co · SM

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — EVP & CFO

Period of report

Jul 1, 2026

Accepted (ET)

Jul 2, 2026 · 4:15 pm EDT

Rule 10b5-1 plan

box not checked

Issuer CIK

0000893538

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I
Common Stock, $.01 Par Value	Jun 30, 2026	J	190	$15.90	A	398,300	D
Common Stock, $.01 Par Value^F2	Jul 1, 2026	M	11,855	—	A	410,155	D
Common Stock, $.01 Par Value	Jul 1, 2026	F	3,705	$26.10	D	406,450	D
Common Stock, $.01 Par Value^F3	Jul 1, 2026	M	9,543	—	A	415,993	D
Common Stock, $.01 Par Value	Jul 1, 2026	F	4,176	$26.10	D	411,817	D
Common Stock, $.01 Par Value^F4	Jul 1, 2026	M	16,000	—	A	427,817	D
Common Stock, $.01 Par Value	Jul 1, 2026	F	5,800	$26.10	D	422,017	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F2	—	Jul 1, 2026	M	11,855	D	—	—	Common Stock, $.01 Par Value	11,855	0	D
Restricted Stock Units^F3	—	Jul 1, 2026	M	9,543	D	—	—	Common Stock, $.01 Par Value	9,543	9,544	D
Restricted Stock Units^F4	—	Jul 1, 2026	M	16,000	D	—	—	Common Stock, $.01 Par Value	16,000	32,003	D

F1The Reporting Person purchased 190 shares of the Issuer's common stock on June 30, 2026, through the Issuer's Employee Stock Purchase Plan.
F2Each restricted stock unit represents a contingent right to receive one share of stock. The restricted stock unit grant vested in three equal annual installments beginning on July 1, 2024. The vested shares were issued to the Reporting Person on the vesting dates, at which time all restrictions on the vested shares lapsed.
F3Each restricted stock unit represents a contingent right to receive one share of stock. The restricted stock unit grant vests in three equal annual installments beginning July 1, 2025. The vested shares will be issued to the Reporting Person on the vesting dates, at which time all restrictions on the vested shares will lapse.
F4Each restricted stock unit represents a contingent right to receive one share of stock. The restricted stock unit grant vests in six equal biannual installments beginning January 1, 2026. The vested shares will be issued to the Reporting Person on the vesting dates, at which time all restrictions on the vested shares will lapse.