# EDGAR Filing Document

**Accession Number:** 0000893538
**File Stem:** 0000893538-25-000086
**Filing Date:** 2025-7
**Character Count:** 8156
**Document Hash:** 7e2e7998df355d6ffaebb9dc5d0edd20
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000893538-25-000086.hdr.sgml**: 20250703

**ACCESSION NUMBER**: 0000893538-25-000086

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250701

**FILED AS OF DATE**: 20250703

**DATE AS OF CHANGE**: 20250703

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Knott Kenneth J.
- **CENTRAL INDEX KEY:** 0001442846

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-31539
- **FILM NUMBER:** 251104841

**MAIL ADDRESS:**
- **STREET 1:** 1700 LINCOLN STREET
- **STREET 2:** SUITE 3200
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80203
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SM Energy Co
- **CENTRAL INDEX KEY:** 0000893538
- **STANDARD INDUSTRIAL CLASSIFICATION:** CRUDE PETROLEUM & NATURAL GAS [1311]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 410518430
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 1700 LINCOLN STREET
- **STREET 2:** SUITE 3200
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80203
- **BUSINESS PHONE:** 303-861-8140

**MAIL ADDRESS:**
- **STREET 1:** 1700 LINCOLN STREET
- **STREET 2:** SUITE 3200
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80203

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ST MARY LAND & EXPLORATION CO
- **DATE OF NAME CHANGE:** 19940228

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Knott Kenneth J.<br><sub>(Last) (First) (Middle)</sub><br>1700 LINCOLN STREET<br>SUITE 3200<br><sub>(Street)</sub><br>DENVER, CO 80203<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-07-01 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_SVP - Bus Dev & Land_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>SM Energy Co [ SM ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock, $.01 Par Value | 2024-12-31 |  | J<sup>(1)</sup> |  | 256 | A | $32.70 | 123343 | D |  |
| Common Stock, $.01 Par Value | 2025-06-30 |  | J<sup>(2)</sup> |  | 575 | A | $21.34 | 123918 | D |  |
| Common Stock, $.01 Par Value | 2025-07-01 |  | M |  | 3179 | A | <sup>(3)</sup> | 127097 | D |  |
| Common Stock, $.01 Par Value | 2025-07-01 |  | F |  | 775 | D | $24.71 | 126322 | D |  |
| Common Stock, $.01 Par Value | 2025-07-01 |  | M |  | 3952 | A | <sup>(4)</sup> | 130274 | D |  |
| Common Stock, $.01 Par Value | 2025-07-01 |  | F |  | 963 | D | $24.71 | 129311 | D |  |
| Common Stock, $.01 Par Value | 2025-07-01 |  | M |  | 3053 | A | <sup>(5)</sup> | 132364 | D |  |
| Common Stock, $.01 Par Value | 2025-07-01 |  | F |  | 744 | D | $24.71 | 131620 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Restricted Stock Units | <sup>(3)</sup> | 2025-07-01 |  | M |  |  | 3179 | <sup>(3)</sup> | <sup>(3)</sup> | Common Stock, $.01 Par Value | 3179 | <sup>(3)</sup> | 0 | D |  |
| Restricted Stock Units | <sup>(4)</sup> | 2025-07-01 |  | M |  |  | 3952 | <sup>(4)</sup> | <sup>(4)</sup> | Common Stock, $.01 Par Value | 3952 | <sup>(4)</sup> | 3952 | D |  |
| Restricted Stock Units | <sup>(5)</sup> | 2025-07-01 |  | M |  |  | 3053 | <sup>(5)</sup> | <sup>(5)</sup> | Common Stock, $.01 Par Value | 3053 | <sup>(5)</sup> | 6109 | D |  |

---

### Footnotes:

(1) The Reporting Person purchased 256 shares of the Issuer's common stock on December 31, 2024, through the Issuer's Employee Stock Purchase Plan.

(2) The Reporting Person purchased 575 shares of the Issuer's common stock on June 30, 2025, through the Issuer's Employee Stock Purchase Plan.

(3) Each 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, 2023.  The vested shares were issued to the Reporting Person on the vesting dates, at which time all restrictions on the vested shares lapsed.

(4) Each 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 on July 1, 2024.  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.

(5) Each 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 on 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.

**Signature:** Andrew T. Fiske (Attorney-in-Fact)  
**Date:** 2025-07-03

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**