Company: MGY
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001698990-25-000006
Chunk: 73

Company: Magnolia Oil & Gas Corp
Filing Date: 2025-02-19
Form: 10-K
Item: Item 5
Chunk 73
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Item 5. Market for the Registrant’s Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities

Market Information

Magnolia’s Class A Common Stock are currently traded on the NYSE under the ticker symbol “MGY.” As of February 14, 2025, there were 10 holders of record of Magnolia’s Class A Common Stock, and 5 holders of record of the Company’s Class B Common Stock, par value $0.0001 per share.

Issuer Purchases of Equity Securities

The following table sets forth the Company’s share repurchase activities for the year ended December 31, 2024:

PeriodNumber of Shares of Class A Common Stock PurchasedAverage Price Paid per ShareTotal Number of Shares of Class A Common Stock Purchased as Part of Publicly Announced ProgramMaximum Number of Shares of Class A Common Stock that May Yet be Purchased Under the Program (1)January 1, 2024 - September 30, 20245,300,000 $23.97 5,300,000 3,918,105 October 1, 2024 - October 31, 2024575,000 26.04 575,000 3,343,105 November 1, 2024 - November 30, 2024420,000 27.35 420,000 2,923,105 December 1, 2024 - December 31, 20241,180,000 24.87 1,180,000 1,743,105 Total7,475,000 $24.46 7,475,000 1,743,105 

(1)As of December 31, 2024, the Company’s board of directors had authorized a share repurchase program of up to 40.0 million shares of Class A Common Stock. The program does not require purchases to be made within a particular time frame. On February 12, 2025, the Company’s board of directors increased the share repurchase authorization by an additional 10.0 million shares of Class A Common Stock, which increased the total share repurchase authorization to 50.0 million shares.

During the twelve months ended December 31, 2024, outside of the share repurchase program, Magnolia LLC repurchased and subsequently canceled a total of 3.5 million Magnolia LLC Units with an equal number of shares of corresponding Class B