Major Shareholder Devon WB Holdco Files Intent to Sell $58.25M in Class A Shares
WBI sits 62% above its 52-week low of $18.64 on elevated volume (4.0× avg).
Summary
Devon WB Holdco L.L.C., a 10% stockholder, filed a Form 144 to sell 1.75 million Class A shares worth approximately $58.25 million, contributing to ongoing shareholder distribution.
Key Events · Ownership and Investor Activity · WBI
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Proposed Sale by Major Shareholder
Devon WB Holdco L.L.C., a 10% stockholder, filed a Form 144 indicating its intent to sell 1,755,174 Class A shares.
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Substantial Value
The proposed sale is valued at approximately $58.25 million.
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Continuation of Distribution Trend
This filing is part of a broader pattern of major shareholders reducing their stakes, following recent registration statements and other Form 144 filings by different 10% owners on the same day.
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Prior Shareholder Sales
In the past three months, other 10% stockholders have already sold 5,894,826 shares for gross proceeds of $177.14 million.
Analysis · WBI · Energy & Transportation
This Form 144 signals a significant intent by Devon WB Holdco L.L.C., a major shareholder, to sell $58.25 million worth of Class A shares. This adds to an existing pattern of large shareholders, including other 10% owners, reducing their positions, which could create an overhang on the stock price due to increased supply.
How filings like this one have moved
In the 30 days to Sep 20, 2026, 29.3% of the 1581 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.42%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, WBI was trading at $30.29 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $3.7B. The 52-week trading range was $18.64 to $36.21. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.