Lally-Green Maureen 4

What Happened
Maureen Lally‑Green, a director of CNX Resources Corp (CNX), exercised 29,915 stock options on 2026-03-23 at an exercise price of $13.19 per share (total cost $394,489) and then sold most of the resulting shares in open-market transactions the same day. She sold 23,521 shares at a weighted average price of $39.51 (proceeds $929,416) and an additional 110 shares at $40.00 (proceeds $4,400), for total gross sale proceeds of $933,816. After these transactions she retained 6,284 of the exercised shares. The exercise and subsequent sales generated roughly $539,327 in gross proceeds after subtracting the exercise cost (before taxes and fees).

Key Details

• Transaction date: March 23, 2026 (Form 4 filed March 25, 2026 — timely).
• Exercise: 29,915 shares at $13.19 each — $394,489 total. (Transaction code M)
• Sales: 23,521 shares at weighted avg $39.51 (range $39.00–$39.98), proceeds $929,416; plus 110 shares at $40.00, proceeds $4,400. (Transaction code S)
• Net retained from this exercise: 6,284 shares (29,915 acquired − 23,631 sold).
• Holdings noted in filing: of directly owned shares, 6,762 are restricted stock units (RSUs) and 11,031 are deferred stock units. (Footnote F1)
• Option background: the option reflects an exempt anti‑dilution adjustment from CNX’s 2017 spin‑off (F3); the option vested May 9, 2017 (F4).
• The filing shows a derivative “disposed” entry at $0 reflecting the conversion/exercise of the derivative into shares (standard reporting of option exercise), not a separate cash sale.

Context
This was an option exercise followed by same‑day open‑market sales of most of the acquired shares (a common practice to cover exercise costs, taxes, or to take gains). The filing is routine and timely; it reports both the acquisition via exercise and the subsequent sales, but does not by itself indicate the director’s future view of the company.