UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
Peabody Energy Corporation
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
704551100
(CUSIP Number)
Logan Moncrief
Thomist Capital Management, LP
3773 Richmond Ave., Suite 777
Houston, TX 77046
(832) 678-2412
with a copy to:
Jason M. Daniel
Akin Gump Strauss Hauer & Feld LLP
2300 N. Field Street, Suite 1800
Dallas, Texas 75201
(214) 969-2800
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
August 13, 2024
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box. ☐
| * | The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. |
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
| CUSIP No. 704551100 | SCHEDULE 13D |
| 1 | NAME OF REPORTING PERSON
Thomist Capital Management, LP | |||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☐
| |||||
| 3 | SEC USE ONLY
| |||||
| 4 | SOURCE OF FUNDS
AF | |||||
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
☐ | |||||
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Texas | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
| 7 | SOLE VOTING POWER
12,534,172 (1) | ||||
| 8 | SHARED VOTING POWER
0 | |||||
| 9 | SOLE DISPOSITIVE POWER
12,534,172 (1) | |||||
| 10 | SHARED DISPOSITIVE POWER
0 | |||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
12,534,172 (1) | |||||
| 12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐ | |||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.96% (2) | |||||
| 14 | TYPE OF REPORTING PERSON
PN, IA | |||||
| (1) | Includes 6,800,000 shares of common stock, par value $0.01 per shares (the “Common Stock”) of Peabody Energy Corporation (the “Issuer”) underlying exchange-traded call options as described in Items 5 and 6 below. |
| (2) | Based on 125.9 million shares of Common Stock, of the Issuer outstanding as of August 2, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (“SEC”) on August 8, 2024. The |
| CUSIP No. 704551100 | SCHEDULE 13D |
| 1 | NAME OF REPORTING PERSON
Thomist Capital, LLC | |||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☐
| |||||
| 3 | SEC USE ONLY
| |||||
| 4 | SOURCE OF FUNDS
AF | |||||
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
☐ | |||||
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Texas | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
| 7 | SOLE VOTING POWER
12,534,172 (1) | ||||
| 8 | SHARED VOTING POWER
0 | |||||
| 9 | SOLE DISPOSITIVE POWER
12,534,172 (1) | |||||
| 10 | SHARED DISPOSITIVE POWER
0 | |||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
12,534,172 (1) | |||||
| 12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐ | |||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.96% (2) | |||||
| 14 | TYPE OF REPORTING PERSON
OO, HC | |||||
| (1) | Includes 6,800,000 shares of Common Stock of the Issuer underlying exchange-traded call options as described in Items 5 and 6 below. |
| (2) | Based on 125.9 million shares of Common Stock of the Issuer outstanding as of August 2, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the SEC on August 8, 2024. |
| CUSIP No. 704551100 | SCHEDULE 13D |
| 1 | NAME OF REPORTING PERSON
The Thomist Fund, LP | |||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☐
| |||||
| 3 | SEC USE ONLY
| |||||
| 4 | SOURCE OF FUNDS
WC | |||||
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
☐ | |||||
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
| 7 | SOLE VOTING POWER
7,044,391 (1) | ||||
| 8 | SHARED VOTING POWER
0 | |||||
| 9 | SOLE DISPOSITIVE POWER
7,044,391 (1) | |||||
| 10 | SHARED DISPOSITIVE POWER
0 | |||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
7,044,391 (1) | |||||
| 12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐ | |||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.60% (2) | |||||
| 14 | TYPE OF REPORTING PERSON
PN | |||||
| (1) | Includes 3,814,300 shares of Common Stock of the Issuer underlying exchange-traded call options as described in Items 5 and 6 below. |
| (2) | Based on 125.9 million shares of Common Stock of the Issuer outstanding as of August 2, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the SEC on August 8, 2024. |
| CUSIP No. 704551100 | SCHEDULE 13D |
| 1 | NAME OF REPORTING PERSON
Brian Kuzma | |||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☐
| |||||
| 3 | SEC USE ONLY
| |||||
| 4 | SOURCE OF FUNDS
AF | |||||
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
☐ | |||||
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
| 7 | SOLE VOTING POWER
12,534,172 (1) | ||||
| 8 | SHARED VOTING POWER
0 | |||||
| 9 | SOLE DISPOSITIVE POWER
12,534,172 (1) | |||||
| 10 | SHARED DISPOSITIVE POWER
0 | |||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
12,534,172 (1) | |||||
| 12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐ | |||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.96% (2) | |||||
| 14 | TYPE OF REPORTING PERSON
IN, HC | |||||
| (1) | Includes 6,800,000 shares of Common Stock of the Issuer underlying exchange-traded call options as described in Items 5 and 6 below. |
| (2) | Based on 125.9 million shares of Common Stock of the Issuer outstanding as of August 2, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the SEC on August 8, 2024. |
SCHEDULE 13D
Item 1. SECURITY AND ISSUER
This statement on Schedule 13D (this “Schedule 13D”) relates to the common stock, $0.01 par value (the “Common Stock”), of Peabody Energy Corporation, a Delaware corporation (the “Issuer”). The address of the Issuer’s principal executive office is 701 Market Street, Saint Louis, Missouri 63101.
Information given in response to each item shall be deemed incorporated by reference in all other items, as applicable.
Item 2. IDENTITY AND BACKGROUND
(a) This Schedule 13D is being filed by and on behalf of (i) Thomist Capital Management, LP, a Texas limited partnership (the “Manager”), (ii) Thomist Capital, LLC, a Texas limited liability company (the “GP”), (iii) The Thomist Fund, LP, a Delaware limited partnership (the “Fund”), and (iv) Brian Kuzma, a citizen of the United States of America. The Manager, the GP, the Fund and Mr. Kuzma are herein sometimes referred to each as a “Reporting Person” and collectively as “Reporting Persons”.
(b) The principal business address of the Manager and the GP is 3773 Richmond Avenue, Suite 777, Houston, Texas 77046, and Mr. Kuzma’s and the Fund’s business address is c/o the Manager at the foregoing address.
(c) The Manager is principally involved in the business of providing investment advisory and investment management services to the Fund and/or managed account clients (the “Managed Accounts”). The GP is principally involved in the business of serving as the general partner of the Manager and the Fund. Mr. Kuzma’s principal business is serving as the Managing Member of the GP.
(d) During the last five years, none of the Reporting Persons has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) During the last five years, none of the Reporting Persons has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceedings was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f) The Manager is a Texas limited partnership. The GP is a Texas limited liability company. The Fund is a Delaware limited Partnership. Mr. Kuzma is a citizen of the United States.
Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The Fund used approximately $76,535,723 (excluding brokerage commissions) in the aggregate to purchase the shares of Common Stock and the options to purchase Common Stock held by it reported in this Schedule 13D. The Managed Accounts used approximately $57,704,105.40 (excluding brokerage commissions) in the aggregate to purchase the shares of Common Stock and the options to purchase Common Stock held by the Managed Accounts reported in this Schedule 13D.
The source of the funds used to acquire the shares of Common Stock and options to purchase Common Stock reported herein was the working capital of the Fund and the Managed Accounts, which at any given time may include funds borrowed on margin in the ordinary course and on customary terms.
Item 4. PURPOSE OF TRANSACTION
The shares of Common Stock and call options directly held by the Fund and the Managed Accounts and beneficially owned by the Reporting Persons reported herein were acquired for investment purposes in the ordinary course of business in the belief that the Common Stock is undervalued and represents an attractive investment opportunity.
The Reporting Persons have made suggestions to the Issuer’s management team regarding operational and strategic opportunities to maximize shareholder value, including, but not limited to: (i) a shareholder return plan focused on share buybacks given the $1.45B of cash currently on the balance sheet, (ii) unlocking value in the Issuer’s Powder River Basin (PRB) asset, and (iii) selling down a stake in Centurion to free up cash flow for shareholder returns while simultaneously placing a strong valuation marker on the asset, and may pursue other plans or proposals that relate to or could result in any of the matters set forth in clauses (a)-(j) of Item 4 of Schedule 13D. The Reporting Persons intend to have a dialog with the Issuer’s management regarding the above and may also speak with the board of directors (“Board”) of the Issuer, other current or prospective shareholders, industry analysts, existing or potential strategic partners or competitors, investment and financing professionals, sources of credit and other third parties with respect to the above.
The Reporting Persons intend to review their investment in the Issuer on a continuing basis. Depending on various factors, including, without limitation, the outcome of any discussions referenced above, the Issuer’s financial position, results and strategic direction, actions taken by the Issuer’s management and the Board, price levels of the Common Stock, other investment opportunities available to the Reporting Persons, conditions in the securities market and general economic and industry conditions, the Reporting Persons may in the future take such actions with respect to their investment in the Issuer as they deem appropriate, including, without limitation, acquiring additional shares of Common Stock and/or other equity, debt, notes, instruments, options or other securities of the Issuer (collectively, “Securities”) or disposing of some or all of the Securities beneficially owned by them, in public market or privately negotiated transactions; entering into financial instruments or other agreements that increase or decrease the Reporting Persons’ economic exposure with respect to their investment in the Issuer and/or otherwise changing their intention with respect to any and all matters referred to in Item 4 of Schedule 13D.
Item 5. INTEREST IN SECURITIES OF THE ISSUER
(a) – (b) The responses of the Reporting Persons to Items (7) through (11) and (13) of the cover pages of this Schedule 13D are incorporated herein by reference. As of the date hereof, the Manager, the GP and Mr. Kuzma beneficially own an aggregate of 12,534,172 shares of Common Stock, which shares of Common Stock may be deemed to be beneficially owned by each of the Manager, the GP and Mr. Kuzma, and which represent approximately 9.96% of the outstanding Common Stock. As of the date hereof, the Fund beneficially owns an aggregate of 7,044,391 shares of Common Stock, and which represent approximately 5.60% of the outstanding Common Stock. The number of shares beneficially owned above includes 6,800,000 shares that may be acquired through the exercise of American-style exchange-traded call options that are deemed to be beneficially owned by the Manager, the GP and Mr. Kuzma and 3,814,300 shares that may be acquired through the exercise of American-style exchange-traded call options that are directly held and deemed to be beneficially owned by the Fund. All percentages set forth herein are based on 125.9 million shares of common stock of the Issuer outstanding as of August 2, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 8, 2024.
The Fund and the Managed Accounts have delegated to Manager voting and investment power over the securities held directly by the Funds and the Managed Accounts. As a result, each of the Manager, the GP, as the general partner of Manager, and Mr. Kuzma, as Managing Member of the GP, may be deemed to exercise voting and investment power over the shares of Common Stock directly held by the Fund and the Managed Accounts.
(c) Information concerning transactions in the shares of Common Stock and options to purchase Common Stock effected by the Reporting Persons on behalf of the Fund and the Managed Accounts during the past sixty days is set forth in Schedule I hereto and is incorporated herein by reference.
(d) Not applicable.
(e) Not applicable.
Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER
As of 5 p.m. New York City time on August 20, 2024, the Fund and the Managed Accounts currently have an aggregate long American-style exchange-traded call option position relating to 500,000 shares of Common Stock that expire on September 20, 2024 (the “September Calls”) and an aggregate long American-style exchange-traded call option position relating to 6,300,000 shares of Common Stock that expire on October 18, 2024 (the “September Calls”). The September Calls each have and exercise price of $25 per share. The October Calls consist of options to purchase 5,300,000 shares of Common Stock with an exercise price of $27 per share and options to purchase 1,000,000 shares of Common Stock with an exercise price of $30 per share. The Fund and the Managed Accounts may from time-to-time purchase and sell exchange-traded options contracts relating to shares of Common Stock.
Item 7. MATERIAL TO BE FILED AS EXHIBITS
| Exhibit | Description | |
| 99.1 | Agreement as to Joint Filing of Schedule 13D, dated August 20, 2024, by and among the Manager, the GP, the Fund and Mr. Kuzma. | |
SIGNATURES
After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
Date: August 20, 2024
| THOMIST CAPITAL MANAGEMENT, LP | ||
| By: Thomist Capital, LLC, its general partner | ||
| By: | /s/ Brian Kuzma | |
| Name: Brian Kuzma | ||
| Title: Managing Member | ||
| THOMIST CAPITAL, LLC | ||
| By: | /s/ Brian Kuzma | |
| Name: Brian Kuzma | ||
| Title: Managing Member | ||
| THE THOMIST FUND, LP | ||
| By: Thomist Capital, LLC, its general partner | ||
| By: | /s/ Brian Kuzma | |
| Name: Brian Kuzma | ||
| Title: Managing Member | ||
| By: | /s/ Brian Kuzma | |
| BRIAN KUZMA | ||
Schedule I
TRANSACTIONS IN SHARES OF COMMON STOCK BY THE REPORTING PERSONS
The following table sets forth all transactions in the shares of Common Stock effected by each of the Reporting Persons (on behalf of the Funds) in the past sixty days. All such transactions were purchases or sales of shares of Common Stock or options to purchase Common Stock effected in the open market or through the exercise of options, and the table excludes commissions paid in per share prices.
Instrument Traded Effecting Beneficial Ownership | Trade Date | Shares or Contracts Purchased (Sold) | Price Per Share ($) or Contract | Trading Account | ||||||||
Call Option (Exercise Price 22, Expiration June 28, 2024) | 6/26/2024 | 760 | $ | 0.13 | The Fund | |||||||
| 160 | $ | 0.13 | Managed Account 1 | |||||||||
| 80 | $ | 0.13 | Managed Account 2 | |||||||||
Call Option (Exercise Price 22, Expiration June 28, 2024) | 6/28/2024 | (760 | ) | $ | 0.2927 | The Fund | ||||||
| (160 | ) | $ | 0.2927 | Managed Account 1 | ||||||||
| (80 | ) | $ | 0.2927 | Managed Account 2 | ||||||||
Common Stock | 7/2/2024 | 97,600 | $ | 23.4255 | The Fund | |||||||
| 20,560 | $ | 23.4255 | Managed Account 1 | |||||||||
| 10,280 | $ | 23.4255 | Managed Account 2 | |||||||||
Common Stock | 7/15/2024 | 54,416 | $ | 23.5597 | The Fund | |||||||
| 11,456 | $ | 23.5597 | Managed Account 1 | |||||||||
| 5,728 | $ | 23.5597 | Managed Account 2 | |||||||||
Common Stock | 7/15/2024 | 76,000 | $ | 23.6496 | The Fund | |||||||
| 16,000 | $ | 23.6496 | Managed Account 1 | |||||||||
| 8,000 | $ | 23.6496 | Managed Account 2 | |||||||||
Common Stock | 7/25/2024 | (22,800 | ) | $ | 21.6400 | The Fund | ||||||
| (4,800 | ) | $ | 21.6400 | Managed Account 1 | ||||||||
| (2,400 | ) | $ | 21.6400 | Managed Account 2 | ||||||||
Common Stock | 7/25/2024 | (33,160 | ) | $ | 21.7540 | The Fund | ||||||
| (6,981 | ) | $ | 21.7540 | Managed Account 1 | ||||||||
| (3,490 | ) | $ | 21.7540 | Managed Account 2 | ||||||||
Common Stock | 7/25/2024 | (17,100 | ) | $ | 21.8030 | The Fund | ||||||
| (3,600 | ) | $ | 21.8030 | Managed Account 1 | ||||||||
| (1,800 | ) | $ | 21.8030 | Managed Account 2 | ||||||||
Call Option (Exercise Price 24, Expiration August 16, 2024) | 7/26/2024 | 3,800 | $ | 0.2898 | The Fund | |||||||
| 800 | $ | 0.2898 | Managed Account 1 | |||||||||
| 400 | $ | 0.2898 | Managed Account 2 | |||||||||
Common Stock | 7/26/2024 | 38,000 | $ | 21.9994 | The Fund | |||||||
| 8,000 | $ | 21.9994 | Managed Account 1 | |||||||||
| 4,000 | $ | 21.9994 | Managed Account 2 | |||||||||
Common Stock | 7/26/2024 | 24,320 | $ | 22.0495 | The Fund | |||||||
| 5,120 | $ | 22.0495 | Managed Account 1 | |||||||||
| 2,560 | $ | 22.0495 | Managed Account 2 | |||||||||
Common Stock | 7/26/2024 | 68,020 | $ | 22.1897 | The Fund | |||||||
| 14,320 | $ | 22.1897 | Managed Account 1 | |||||||||
| 7,160 | $ | 22.1897 | Managed Account 2 | |||||||||
Common Stock | 7/26/2024 | 7,600 | $ | 22.2300 | The Fund | |||||||
| 1,600 | $ | 22.2300 | Managed Account 1 | |||||||||
| 800 | $ | 22.2300 | Managed Account 2 |
Common Stock | 7/30/2024 | 14,060 | $ | 21.5800 | The Fund | |||||||
| 2,960 | $ | 21.5800 | Managed Account 1 | |||||||||
| 1,480 | $ | 21.5800 | Managed Account 2 | |||||||||
Common Stock | 7/30/2024 | 8,436 | $ | 21.5894 | The Fund | |||||||
| 1,776 | $ | 21.5894 | Managed Account 1 | |||||||||
| 888 | $ | 21.5894 | Managed Account 2 | |||||||||
Call Option (Exercise Price 24, Expiration August 2, 2024) | 7/31/2024 | 1,900 | $ | 0.08 | The Fund | |||||||
| 400 | $ | 0.08 | Managed Account 1 | |||||||||
| 200 | $ | 0.08 | Managed Account 2 | |||||||||
Common Stock | 8/1/2024 | 1,520 | $ | 22.2850 | The Fund | |||||||
| 320 | $ | 22.2850 | Managed Account 1 | |||||||||
| 160 | $ | 22.2850 | Managed Account 2 | |||||||||
Common Stock | 8/1/2024 | 17,106 | $ | 22.4656 | The Fund | |||||||
| 3,601 | $ | 22.4656 | Managed Account 1 | |||||||||
| 1,801 | $ | 22.4656 | Managed Account 2 | |||||||||
Common Stock | 8/1/2024 | 76,000 | $ | 22.4848 | The Fund | |||||||
| 16,000 | $ | 22.4848 | Managed Account 1 | |||||||||
| 8,000 | $ | 22.4848 | Managed Account 2 | |||||||||
Common Stock | 8/1/2024 | 76,000 | $ | 22.4878 | The Fund | |||||||
| 16,000 | $ | 22.4878 | Managed Account 1 | |||||||||
| 8,000 | $ | 22.4878 | Managed Account 2 | |||||||||
Common Stock | 8/1/2024 | 152,000 | $ | 22.4980 | The Fund | |||||||
| 32,000 | $ | 22.4980 | Managed Account 1 | |||||||||
| 16,000 | $ | 22.4980 | Managed Account 2 |
Common Stock | 8/1/2024 | 114,000 | $ | 22.5211 | The Fund | |||||||
| 24,000 | $ | 22.5211 | Managed Account 1 | |||||||||
| 12,000 | $ | 22.5211 | Managed Account 2 | |||||||||
Common Stock | 8/1/2024 | 45,600 | $ | 22.6100 | The Fund | |||||||
| 9,600 | $ | 22.6100 | Managed Account 1 | |||||||||
| 4,800 | $ | 22.6100 | Managed Account 2 | |||||||||
Common Stock | 8/1/2024 | 1,216 | $ | 22.7094 | The Fund | |||||||
| 256 | $ | 22.7094 | Managed Account 1 | |||||||||
| 128 | $ | 22.7094 | Managed Account 2 | |||||||||
Common Stock | 8/1/2024 | 258,014 | $ | 23.0072 | The Fund | |||||||
| 54,319 | $ | 23.0072 | Managed Account 1 | |||||||||
| 27,159 | $ | 23.0072 | Managed Account 2 | |||||||||
Common Stock | 8/1/2024 | 19,000 | $ | 23.0073 | The Fund | |||||||
| 4,000 | $ | 23.0073 | Managed Account 1 | |||||||||
| 2,000 | $ | 23.0073 | Managed Account 2 | |||||||||
Call Option (Exercise Price 30, Expiration October 18, 2024) | 8/2/2024 | 7,600 | $ | 0.1426 | The Fund | |||||||
| 1,600 | $ | 0.1426 | Managed Account 1 | |||||||||
| 800 | $ | 0.1426 | Managed Account 2 | |||||||||
Call Option (Exercise Price 25, Expiration September 20, 2024) | 8/2/2024 | 3,800 | $ | 0.2964 | The Fund | |||||||
| 800 | $ | 0.2964 | Managed Account 1 | |||||||||
| 400 | $ | 0.2964 | Managed Account 2 | |||||||||
Common Stock | 8/5/2024 | 36,328 | $ | 21.2784 | The Fund | |||||||
| 7,648 | $ | 21.2784 | Managed Account 1 | |||||||||
| 3,824 | $ | 21.2784 | Managed Account 2 |
Common Stock | 8/5/2024 | 19,912 | $ | 21.3185 | The Fund | |||||||
| 4,192 | $ | 21.3185 | Managed Account 1 | |||||||||
| 2,096 | $ | 21.3185 | Managed Account 2 | |||||||||
Common Stock | 8/5/2024 | 15,200 | $ | 21.3196 | The Fund | |||||||
| 3,200 | $ | 21.3196 | Managed Account 1 | |||||||||
| 1,600 | $ | 21.3196 | Managed Account 2 | |||||||||
Common Stock | 8/6/2024 | 11,400 | $ | 21.3900 | The Fund | |||||||
| 2,400 | $ | 21.3900 | Managed Account 1 | |||||||||
| 1,200 | $ | 21.3900 | Managed Account 2 | |||||||||
Common Stock | 8/6/2024 | 59,660 | $ | 21.4317 | The Fund | |||||||
| 12,560 | $ | 21.4317 | Managed Account 1 | |||||||||
| 6,280 | $ | 21.4317 | Managed Account 2 | |||||||||
Common Stock | 8/7/2024 | 6,250 | $ | 21.7821 | The Fund | |||||||
| 12,500 | $ | 21.7821 | Managed Account 1 | |||||||||
| 6,250 | $ | 21.7821 | Managed Account 2 | |||||||||
Common Stock | 8/7/2024 | 5,000 | $ | 21.8600 | The Fund | |||||||
| 10,000 | $ | 21.8600 | Managed Account 1 | |||||||||
| 5,000 | $ | 21.8600 | Managed Account 2 | |||||||||
Common Stock | 8/7/2024 | 6,681 | $ | 21.8613 | The Fund | |||||||
| 13,361 | $ | 21.8613 | Managed Account 1 | |||||||||
| 6,680 | $ | 21.8613 | Managed Account 2 | |||||||||
Common Stock | 8/7/2024 | 34,965 | $ | 21.9870 | The Fund | |||||||
| 69,928 | $ | 21.9870 | Managed Account 1 | |||||||||
| 34,964 | $ | 21.9870 | Managed Account 2 |
Common Stock | 8/7/2024 | 22,105 | $ | 22.0566 | The Fund | |||||||
| 44,211 | $ | 22.0566 | Managed Account 1 | |||||||||
| 22,105 | $ | 22.0566 | Managed Account 2 | |||||||||
Call Option (Exercise Price 24, Expiration August 16, 2024) | 8/7/2024 | (3,800 | ) | $ | 0.04 | The Fund | ||||||
| (800 | ) | $ | 0.04 | Managed Account 1 | ||||||||
| (400 | ) | $ | 0.04 | Managed Account 2 | ||||||||
Common Stock | 8/8/2024 | 25,151 | $ | 22.0773 | The Fund | |||||||
| 50,302 | $ | 22.0773 | Managed Account 1 | |||||||||
| 25,151 | $ | 22.0773 | Managed Account 2 | |||||||||
Common Stock | 8/8/2024 | 12,500 | $ | 22.1031 | The Fund | |||||||
| 25,000 | $ | 22.1031 | Managed Account 1 | |||||||||
| 12,500 | $ | 22.1031 | Managed Account 2 | |||||||||
Common Stock | 8/8/2024 | 6,250 | $ | 22.1139 | The Fund | |||||||
| 12,500 | $ | 22.1139 | Managed Account 1 | |||||||||
| 6,250 | $ | 22.1139 | Managed Account 2 | |||||||||
Common Stock | 8/8/2024 | 6,250 | $ | 22.1204 | The Fund | |||||||
| 12,500 | $ | 22.1204 | Managed Account 1 | |||||||||
| 6,250 | $ | 22.1204 | Managed Account 2 | |||||||||
Common Stock | 8/8/2024 | 21,099 | $ | 22.1700 | The Fund | |||||||
| 42,198 | $ | 22.1700 | Managed Account 1 | |||||||||
| 21,099 | $ | 22.1700 | Managed Account 2 | |||||||||
Common Stock | 8/8/2024 | 10,000 | $ | 22.2491 | The Fund | |||||||
| 20,000 | $ | 22.2491 | Managed Account 1 | |||||||||
| 10,000 | $ | 22.2491 | Managed Account 2 |
Common Stock | 8/9/2024 | 285 | $ | 22.3159 | The Fund | |||||||
| 571 | $ | 22.3159 | Managed Account 1 | |||||||||
| 285 | $ | 22.3159 | Managed Account 2 | |||||||||
Common Stock | 8/9/2024 | 7,670 | $ | 22.4515 | The Fund | |||||||
| 15,338 | $ | 22.4515 | Managed Account 1 | |||||||||
| 7,670 | $ | 22.4515 | Managed Account 2 | |||||||||
Common Stock | 8/9/2024 | 6,250 | $ | 22.4600 | The Fund | |||||||
| 12,500 | $ | 22.4600 | Managed Account 1 | |||||||||
| 6,250 | $ | 22.4600 | Managed Account 2 | |||||||||
Common Stock | 8/9/2024 | 6,250 | $ | 22.4883 | The Fund | |||||||
| 12,500 | $ | 22.4883 | Managed Account 1 | |||||||||
| 6,250 | $ | 22.4883 | Managed Account 2 | |||||||||
Common Stock | 8/9/2024 | 18,750 | $ | 22.4936 | The Fund | |||||||
| 37,500 | $ | 22.4936 | Managed Account 1 | |||||||||
| 18,750 | $ | 22.4936 | Managed Account 2 | |||||||||
Common Stock | 8/9/2024 | 6,250 | $ | 22.5298 | The Fund | |||||||
| 12,500 | $ | 22.5298 | Managed Account 1 | |||||||||
| 6,250 | $ | 22.5298 | Managed Account 2 | |||||||||
Common Stock | 8/12/2024 | 33,333 | $ | 22.4920 | Managed Account 1 | |||||||
| 16,667 | $ | 22.4920 | Managed Account 2 | |||||||||
Common Stock | 8/12/2024 | 16,667 | $ | 22.5200 | Managed Account 1 | |||||||
| 8,333 | $ | 22.5200 | Managed Account 2 | |||||||||
Common Stock | 8/12/2024 | 50,000 | $ | 22.5226 | Managed Account 1 | |||||||
| 25,000 | $ | 22.5226 | Managed Account 2 |
Common Stock | 8/12/2024 | 16,667 | $ | 22.5351 | Managed Account 1 | |||||||
| 8,333 | $ | 22.5351 | Managed Account 2 | |||||||||
Common Stock | 8/12/2024 | 33,333 | $ | 22.5371 | Managed Account 1 | |||||||
| 16,667 | $ | 22.5371 | Managed Account 2 | |||||||||
Common Stock | 8/12/2024 | 16,667 | $ | 22.5656 | Managed Account 1 | |||||||
| 8,333 | $ | 22.5656 | Managed Account 2 | |||||||||
Common Stock | 8/13/2024 | 6,733 | $ | 22.4043 | Managed Account 1 | |||||||
| 3,367 | $ | 22.4043 | Managed Account 2 | |||||||||
Common Stock | 8/13/2024 | 44,000 | $ | 22.5935 | The Fund | |||||||
| 37,333 | $ | 22.5935 | Managed Account 1 | |||||||||
| 18,667 | $ | 22.5935 | Managed Account 2 | |||||||||
Common Stock | 8/13/2024 | 31,535 | $ | 22.6990 | Managed Account 1 | |||||||
| 15,768 | $ | 22.6990 | Managed Account 2 | |||||||||
Common Stock | 8/13/2024 | 16,667 | $ | 22.7120 | Managed Account 1 | |||||||
| 8,333 | $ | 22.7120 | Managed Account 2 | |||||||||
Common Stock | 8/13/2024 | 19,065 | $ | 22.7312 | Managed Account 1 | |||||||
| 9,533 | $ | 22.7312 | Managed Account 2 | |||||||||
Common Stock | 8/13/2024 | 22,666 | $ | 22.7487 | Managed Account 1 | |||||||
| 11,333 | $ | 22.7487 | Managed Account 2 | |||||||||
Common Stock | 8/13/2024 | 16,667 | $ | 22.7700 | Managed Account 1 | |||||||
| 8,333 | $ | 22.7700 | Managed Account 2 | |||||||||
Put Option (Exercise Price 23, Expiration August 16, 2024) | 8/13/2024 | (519 | ) | $ | 0.59 | Managed Account 1 | ||||||
| (260 | ) | $ | 0.59 | Managed Account 2 |
Common Stock | 8/14/2024 | 8,050 | $ | 21.8100 | The Fund | |||||||
| 16,100 | $ | 21.8100 | Managed Account 1 | |||||||||
| 8,050 | $ | 21.8100 | Managed Account 2 | |||||||||
Common Stock | 8/14/2024 | 109,450 | $ | 21.8514 | The Fund | |||||||
| 218,900 | $ | 21.8514 | Managed Account 1 | |||||||||
| 109,450 | $ | 21.8514 | Managed Account 2 | |||||||||
Common Stock | 8/14/2024 | 7,500 | $ | 21.8600 | The Fund | |||||||
| 15,000 | $ | 21.8600 | Managed Account 1 | |||||||||
| 7,500 | $ | 21.8600 | Managed Account 2 | |||||||||
Common Stock | 8/14/2024 | 25,000 | $ | 21.8692 | The Fund | |||||||
| 50,000 | $ | 21.8692 | Managed Account 1 | |||||||||
| 25,000 | $ | 21.8692 | Managed Account 2 | |||||||||
Put Option (Exercise Price 22, Expiration August 16, 2024) | 8/14/2024 | 250 | $ | 0.2234 | The Fund | |||||||
| 167 | $ | 0.2234 | Managed Account 1 | |||||||||
| 83 | $ | 0.2234 | Managed Account 2 | |||||||||
Call Option (Exercise Price 27, Expiration October 18, 2024) | 8/14/2024 | 35,000 | $ | 0.1529 | The Fund | |||||||
| 23,333 | $ | 0.1529 | Managed Account 1 | |||||||||
| 11,667 | $ | 0.1529 | Managed Account 2 | |||||||||
Common Stock (Put Exercise) | 8/15/2024 | 31,800 | $ | 23.0000 | Managed Account 1 | |||||||
| 26,000 | $ | 23.0000 | Managed Account 2 | |||||||||
Common Stock (Put Exercise) | 8/16/2024 | 20,100 | $ | 23.0000 | Managed Account 1 | |||||||
Call Option (Exercise Price 27, Expiration October 18, 2024) | 8/16/2024 | (8,257 | ) | $ | 0.2593 | The Fund | ||||||
| (5,829 | ) | $ | 0.2593 | Managed Account 1 | ||||||||
| (2914 | ) | $ | 0.2593 | Managed Account 2 |