Devon Energy Former Officer Files Form 144 Notice to Sell $4.31M in Stock

Executive Summary

On September 14, 2026, Michael D. DeShazer, a Former Officer of Devon Energy Corp/DE (DVN), filed a Form 144 notice proposing the sale of 85,236 shares of common stock with an estimated aggregate market value of $4,312,367.88 (implied price of ~$50.59 per share).

Key Filing Details

• Filer: Michael D. DeShazer
• Relationship to Issuer: Former Officer
• Securities Offered: 85,236 Common Shares
• Aggregate Market Value: $4,312,367.88
• Broker: Fidelity Brokerage Services LLC
• Securities Outstanding: 1,100,000,000 shares
• Approximate Date of Sale: September 14, 2026

Acquisition History & Prior Sales

• Acquisition Source: The 85,236 shares being sold were acquired directly from the issuer on September 1, 2026, through Restricted Stock Vesting received as equity compensation.
• Past 3-Month Sales: The filer previously sold 14,000 shares on August 26, 2026, generating gross proceeds of $654,920.70.

Significance & Market Impact

• Trading Significance: Medium
• Context: The proposed sale represents a sizable dollar value ($4.31M), but represents a negligible fraction of Devon Energy's 1.1 billion total shares outstanding. Because the filer is a former officer liquidating newly vested equity compensation, this transaction likely reflects personal liquidity and portfolio rebalancing rather than an active corporate signal.