Public market insider selling at Headwater Exploration (HWX)

Public market insider selling at Headwater Exploration (T:HWX)

Stephen Phillip Larke, a Director, disposed of 179,359 Common Shares on a direct ownership basis at prices ranging from $6.972 to $7.043 between May 24th, 2022 and May 25th, 2022. The insider also disposed of 22,134 Common Shares on an indirect ownership basis for registered holder Stephen Larke ITF Beckett Larke at a price of $6.972 on May 24th, 2022. The insider also disposed of 22,134 Common Shares on an indirect ownership basis for registered holder Stephen Larke ITF Eliana Larke at a price of $6.972 on May 24th, 2022. The insider also disposed of 22,134 Common Shares on an indirect ownership basis for registered holder Stephen Larke ITF Griffin Larke at a price of $6.972 on May 24th, 2022. This represents a $1,723,795 divestment of the company's shares and an account share holdings change of -27.9%.

Kevin Olson, a Director, disposed of 200,000 Common Shares on a direct ownership basis at a price of $7.020 on May 25th, 2022. This represents a $1,404,040 divestment of the company's shares and an account share holdings change of -5.4%.

Alexandra Horvath, CFO, disposed of 175,000 Common Shares on a direct ownership basis at a price of $7.100 on May 26th, 2022. This represents a $1,242,500 divestment of the company's shares and an account share holdings change of -24.5%.

Terry Ryan Danku, a Senior Officer, disposed of 106,300 Common Shares on a direct ownership basis at a price of $7.100 on May 26th, 2022. This represents a $754,730 divestment of the company's shares and an account share holdings change of -4.9%.

Bradley Christman, a Senior Officer, disposed of 100,900 Common Shares on a direct ownership basis at a price of $7.162 on May 26th, 2022. This represents a $722,656 divestment of the company's shares and an account share holdings change of -9.4%.

Headwater Exploration is in the Oil & Gas Exploration and Production Sub Industry Group under the Energy Sector.

Headwater Exploration Inc. is a Canada-based junior resource company. It is engaged in the exploration for and development and production of petroleum and natural gas in Canada. It has oil production, reserves and lands in the prolific Clearwater play in the Marten Hills area of Alberta, as well as low decline natural gas production and reserves in the McCully Field. Its core operating areas are Marten Hills, Alberta and McCully Field, New Brunswick. Marten Hills is located approximately 250 kilometers (km) north of Edmonton, Alberta within the prolific Clearwater play. It owns approximately 270 sections of Clearwater rights. The McCully Field is located approximately 10 km northeast of Sussex, New Brunswick in the farming community of Penobsquis. It owns and operates a natural gas processing plant, with a processing capacity of approximately 35 marine million standard cubic feet per day and an approximately 50 km transmission line connected to the Maritimes and Northeast pipeline.