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BSMBlack Stone Minerals, L.P. · Insider ownership research

Black Stone Minerals, L.P. insiders sold $29.5M in the past 12 months. How much of their stake is that?

4% was sold under disclosed trading plans, 96% with no plan disclosed. The largest seller, James Whitehead (Director), sold $28.1M.Share-of-stake figures for this company are being verified and will be added when that check is finished. Why

Updated Oct 16, 2026 from SEC filings · covers Oct 17, 2025 to Oct 16, 2026
2
buyers among officers and directors (7 trades), past 12 months
4.4%
of sales were under disclosed trading plans, past 12 months
3 of 17
officers and directors sold shares, past 12 months
Is this normal? More than usual: $29.5M sold, after almost none in the past 5 years. 3 insiders sold; the average is 2 a year. Year by year
Latest filing: Filed Oct 5 for a stock award on Oct 2. Alexander Stuart received an award of 1.7K shares. Filing
SEC ownership filings: 60 filed in the 12 months to Oct 16, 2026; 654 on record since Apr 30, 2015 · See the evidence

What stands out

James Whitehead sold $28.1M of stock with no disclosed trading plan. The filings don't state a reason.Largest such sale, Aug 6, 2026
Two insiders bought shares: Mark DeWalch (110K shares, $1.5M) and Thomas Carter Jr. (69K shares, $924K).Mark DeWalch: purchase, May 28, 2026 · Thomas Carter Jr.: purchase, May 11, 2026
Selling picked up in the last 90 days: officers and directors sold 2.13M shares, against an average of 33K per 90 days earlier in the period. Most of it was James Whitehead (2.13M shares in the last 90 days); 0% of these sales were under disclosed plans.James Whitehead: largest recent sale, Aug 6, 2026

A share of stake is shown for 0 of the 3 officers and directors who sold. 17 are left out

i
Left out: Thomas Carter Jr., Alexander Stuart, James Whitehead, William Mathis, Mark DeWalch, Jerry Kyle Jr., Luke Putman, Anne Hamman, Michael Linn, William Randall, Carrie Clark, Ashley Longmaid, Carin Barth, Taylor DeWalch, Fowler Carter, Chris Bonner and Erin Phillips (share of stake is being verified).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Their share of stake is being verified and is not shown yet; amounts and trading plans are below.

James Whitehead
Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$28.1MNo plan disclosed
Luke Putman
SVP, General Counsel, and Sec
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$1.3MDisclosed plan
Ashley Longmaid
Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$150KNo plan disclosed
Amounts, filings and trading plans for each seller

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planNo plan disclosedOne dollar scale for every month; the tallest bar is labeled
OctNovDecJanFebMar 2026: $462K under a disclosed planMarApr 2026: $425K under a disclosed planAprMay 2026: $404K under a disclosed planMay 2026: $150K no plan disclosedMayJunJulAug 2026: $28.1M no plan disclosed$28.1MAugSepOct

Recent activity

Past 30 days, Sep 17, 2026 to Oct 16, 2026

No officer or director trades were reported for the past 30 days. The most recent before that:

Aug 18, 2026Alexander Stuart gave away 16K shares as a gift.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Alexander Stuart
Director
15,900n/an/an/aAug 18, 2026Aug 19, 2026

Common questions

Is the Black Stone Minerals, L.P. CEO selling stock?

No. Taylor DeWalch reported no open-market sales in the past 12 months.

Why are Black Stone Minerals, L.P. insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 4% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 96% had no disclosed plan. A trading plan schedules sales in advance.

Are any Black Stone Minerals, L.P. insiders buying?

Yes. 2 officers or directors reported 7 purchases in the past 12 months (Form 4 code P; rows the filings describe as reinvested dividends, plan purchases, private deals or moves into the person's own trust are not counted).

The evidence

Who sold3 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
James Whitehead
Director
$28.1M
2.13M shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Luke Putman
SVP, General Counsel, and Sec
$1.3M
89K shares
Not confirmed
share of stake is being verified. Why
Disclosed plan
Ashley Longmaid
Director
$150K
11K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
The full ownership picture0 of 17 officers and directors confirmed

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 16, 2025SoldHeld Oct 16, 2026Still held
Thomas Carter Jr.
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Thomas Carter Jr. are complete.
Executive Chairman, Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Thomas Carter Jr.

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Thomas Carter Jr. are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−89Kwithheld by the company for taxes
Alexander Stuart
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Alexander Stuart are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Alexander Stuart

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Alexander Stuart are complete; balances and unit counts will be added when the check is finished.

−16Kgifted (net of own trusts)
James Whitehead
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for James Whitehead are complete.
Director
n/a−2.13Mn/an/a
Vesting, gifts, unvested awards and holding lines for James Whitehead

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for James Whitehead are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
William Mathis
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for William Mathis are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for William Mathis

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for William Mathis are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Mark DeWalch
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Mark DeWalch are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Mark DeWalch

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Mark DeWalch are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Jerry Kyle Jr.
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Jerry Kyle Jr. are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Jerry Kyle Jr.

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jerry Kyle Jr. are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Luke Putman
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Luke Putman are complete.
SVP, General Counsel, and Sec
n/a−89Kn/an/a
Vesting, gifts, unvested awards and holding lines for Luke Putman

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Luke Putman are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−40Kwithheld by the company for taxes
Anne Hamman
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Anne Hamman are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Anne Hamman

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Anne Hamman are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Michael Linn
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Michael Linn are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Michael Linn

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Michael Linn are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
William Randall
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for William Randall are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for William Randall

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for William Randall are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Carrie Clark
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Carrie Clark are complete.
SVP, Chief Commercial Officer
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Carrie Clark

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Carrie Clark are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Ashley Longmaid
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Ashley Longmaid are complete.
Director
n/a−11Kn/an/a
Vesting, gifts, unvested awards and holding lines for Ashley Longmaid

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Ashley Longmaid are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Carin Barth
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Carin Barth are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Carin Barth

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Carin Barth are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Taylor DeWalch
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Taylor DeWalch are complete.
Co-CEO and President, Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Taylor DeWalch

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Taylor DeWalch are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−5.9Kwithheld by the company for taxes
Fowler Carter
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Fowler Carter are complete.
Co-CEO and President, Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Fowler Carter

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Fowler Carter are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−2.8Kwithheld by the company for taxes
Chris Bonner
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Chris Bonner are complete.
SVP, CFO, and Treasurer
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Chris Bonner

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Chris Bonner are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−1.1Kwithheld by the company for taxes
Erin Phillips
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Erin Phillips are complete.
Controller (PAO)
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Erin Phillips

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Erin Phillips are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−211withheld by the company for taxes

Holdings and share of stake for Black Stone Minerals, L.P. are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.

What explains the selling$29.5M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $29.5M across 2,227,281 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

The lighter segment is sales with no plan disclosed in the filing ($28.2M), including tax-related sales outside a plan.

No plan disclosed · $28.2M

Sales with no 10b5-1 plan and no tax reference in the filing. $28.1M of it is James Whitehead. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: James Whitehead, Aug 6, 2026

Taxes

138,851 shares ($2.0M) were withheld by the company for taxes, which isn't a market sale.

Purchases · 2 buyers (7 trades)

2 officers and directors bought shares in this period, in 7 trades(Form 4 code P, leaving out rows the filings describe as reinvested dividends, plan purchases, private deals or moves into the person's own trust). Across all their filings on record there are 98 purchase trades.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
James Whitehead
Director
2.13M$28.1M0%95%Aug 6, 2026 to Aug 6, 2026
Luke Putman
SVP, General Counsel, and Sec
89K$1.3M100%4%Mar 5, 2026 to May 5, 2026
Ashley Longmaid
Director
11K$150K0%0.5%May 12, 2026 to May 12, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$0$0$0$0
Nov 2025$0$0$0$0
Dec 2025$0$0$0$0
Jan 2026$0$0$0$0
Feb 2026$0$0$0$0
Mar 2026$462K$462K$0$0
Apr 2026$425K$425K$0$0
May 2026$554K$404K$0$150K
Jun 2026$0$0$0$0
Jul 2026$0$0$0$0
Aug 2026$28.1M$0$0$28.1M
Sep 2026$0$0$0$0
Oct 2026$0$0$0$0
Is this normal? Selling year by year5 earlier years to compare with

More than usual: $29.5M sold, after almost none in the past 5 years. 3 insiders sold; the average is 2 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 16, 2026
Latest 12 months
2.23M3$29.5M
Oct 16, 2025
1 year earlier
37K1$500K
Oct 16, 2024
2 years earlier
19K1$275K
Oct 17, 2023
3 years earlier
105K2$1.6M
Oct 17, 2022
4 years earlier
100K2$1.2M
Oct 17, 2021
5 years earlier
108K3$1.1M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty17 officers and directors not confirmed

Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for Black Stone Minerals, L.P. are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology654 filings on record, 60 filed in the 12-month period, and how we read them

All 654 Forms 3, 4 and 5 on record for Black Stone Minerals, L.P. (SEC CIK 1621434), filed from Apr 30, 2015 to Oct 5, 2026; 60 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 16, 2026. Prices are the ones reported in each filing, often weighted averages.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (13)No filing in 18 months; last reported balances, not in any total

Spotted something wrong on this page? Report an error. We check every report against the SEC filing and list what we fix in the corrections log.