US Energy Insiders Execute Large-Scale Stock Sales

Recent transactions reflect shifting positions among affiliates tied to Sage Road, with implications for ownership dynamics.

October 29, 2025

US Energy Corp Executives Divest Millions of Shares in Strategic Transactions

A tightly coordinated group of insiders at US Energy Corp moved quickly over a three-day period in late October, selling more than half a million shares of the company’s common stock. The activity reflects careful portfolio rebalancing by affiliated entities managed by Sage Road Capital, a Houston-based investment firm with multiple interests in the energy space.

The transactions took place on October 23, 24, and 27, with each round of selling tied to specific entities under the Sage Road umbrella. These include SRC Management Company, Banner Oil & Gas, Woodford Petroleum, and Sage Road Energy II. All are controlled or influenced by Joshua Batchelor and Benjamin Stamets, co-managing partners of Sage Road Capital.

Each day saw sales at slightly lower prices:

• October 23: Average sale price of $1.2594


• October 24: Average sale price of $1.2538


• October 27: Average sale price of $1.2504

Across these three days, the total volume sold exceeded 925,000 shares. Despite the divestiture, the firms involved continue to hold substantial ownership positions—for instance, Banner Oil & Gas still retains over 3.2 million shares.

What makes this activity noteworthy is not just the volume, but the structure behind it. These entities are bound by a voting agreement established in 2022, which connects them with other shareholders and investor groups under a coordinated governance framework. The agreement involves firms like Llano Energy, Lubbock Energy Partners, Synergy Offshore, and several others—many of which are either affiliated with or managed by Sage Road.

Strategic Ownership and Group Coordination

That coordination matters. When a group crosses the 10% threshold of a company’s outstanding shares, it triggers specific reporting obligations and can influence how control is assessed. In this case, the parties to the agreement collectively exceed that threshold, but the individuals involved have clearly stated that they do not claim ownership over shares held by others in the group. Their focus remains on holdings directly connected to the Sage Road complex.

These transactions weren’t driven by options or convertible securities. Instead, they were straightforward sales of common stock—nothing complex or structured. The reported prices are weighted averages, with the insiders offering to provide more granular trade details if requested by the company or regulators.

From a strategic standpoint, the timing and size of the sales suggest tactical repositioning by the Sage Road affiliates. Whether this reflects broader market views, internal capital shifts, or other portfolio-level decisions isn’t spelled out in the filing. But the scale of the activity—and the fact that it spans multiple entities under common leadership—shows how private investment groups with structured agreements can shift ownership dynamics quickly and in unison.

For investors tracking ownership activity, these moves offer insight into how one of US Energy’s major shareholder groups is thinking about its exposure. It’s a reminder that in smaller-cap energy names, even modest changes in strategy by a single coordinated group can lead to significant shifts in the shareholder base.