SCHEDULE 13D/A Filed 2026-04-01 Event 2026-03-30 SEC 0001104659-26-038746 →

LUMINUS MANAGEMENT LLC → BATTALION OIL CORP BATL

Stake: 44.60% Shares: 14,511,743 CUSIP: 07134L107 Class: Common Stock

Composite Decision Signal · PASS (LOW BASE-RATE EDGE) Conviction Score: 14/100 · Filer 90d Win Rate: 0% · Hist. 90d Edge: -55.8%

Filer track record (3 filings): 0% 90d win rate, -55.8% 90d edge
High conviction ownership stake (44.6%)

Item 4 — Purpose of Transaction

On March 30, 2026, the Issuer issued 1,800,000 shares of its common stock to Master Fund upon the conversion of 7,803 shares of the Company's Series A-2 Preferred Stock. The conversion was calculated in accordance with the terms of the Series A-2 Preferred Stock, including adjustments provided in respect of any Unpaid Dividend Accrual (as defined in the Company's Certificate of Incorporation, as amended), and using a conversion price of $6.21 per share. Additionally, on March 30, 2026, Master Fund sold 681,105 shares of common stock for a weighted average sale price of $5.57. On March 31, 2026, Master Fund sold 1,209,377 shares of common stock for a weighted average sales price of $4.03.

Cross-References

Insider Activity (last 365d)

1 transaction

0 buys · 0 sales · 0 awards/exercises

Issuer Cluster

19 13D/G filings on this issuer

18 other filings besides this one

Filer Track Record

12 filings by this filer

11 other filings in the data moat

Short Interest · settle 2026-10-15

DTC 1.94

4,276,701 shares short · -10.6% vs prior

Post-Filing Returns · since 2026-03-30 on BATL

+1 day

-28.8%

+5 days

-22.6%

+30 days

-28.3%

+60 days

-67.5%

+90 days

-67.5%

+180 days

-81.2%

Anchor price 5.48 on closest trading day on/after 2026-03-30. Source: Yahoo Finance daily adj_close (split + dividend adjusted).

Form 4 Insider Transactions · last 365d

Date	Insider	Role	Type	Shares	Price	Value
2026-04-02	LUMINUS MANAGEMENT LLC	director, 10%+ owner	J	379,559	—	—

Other 13D/G Filings on BATTALION OIL CORP

Filed	Form	Filer	Stake	Shares
2026-08-17	SCHEDULE 13D/A	Brookfield Oaktree Holdings, LLC	—	12,797,151	view →
2026-08-07	SCHEDULE 13D/A	Gen IV Investment Opportunities, LLC	14.14%	3,494,258	view →
2026-05-22	SCHEDULE 13D/A	LUMINUS MANAGEMENT LLC	39.30%	13,574,690	view →
2026-05-15	SCHEDULE 13D/A	Brookfield Oaktree Holdings, LLC	40.82%	12,437,521	view →
2026-04-06	SCHEDULE 13D/A	LUMINUS MANAGEMENT LLC	43.40%	14,132,184	view →
2026-01-27	SCHEDULE	Diveroli Investment Group LLC	—	—	view →
2024-05-15	SC	LUMINUS MANAGEMENT LLC	—	—	view →
2024-05-15	SC	Gen IV Investment Opportunities, LLC	—	—	view →
2024-05-15	SC	Brookfield Oaktree Holdings, LLC	—	—	view →
2019-10-22	SC	LUMINUS MANAGEMENT LLC	—	—	view →
2019-08-19	SC	ARES MANAGEMENT LLC	—	—	view →
2019-04-18	SC	FIR TREE CAPITAL MANAGEMENT LP	—	—	view →
2019-04-05	SC	ARES MANAGEMENT LLC	—	—	view →
2019-02-04	SC	FIR TREE CAPITAL MANAGEMENT LP	—	—	view →
2018-04-03	SC	FRANKLIN RESOURCES INC	—	—	view →
2018-02-15	SC	FRANKLIN RESOURCES INC	—	—	view →
2018-01-24	SC	FRANKLIN RESOURCES INC	—	—	view →
2018-01-05	SC	FRANKLIN RESOURCES INC	—	—	view →

Other Filings by LUMINUS MANAGEMENT LLC

Filed	Form	Issuer	Stake	Shares
2026-05-22	SCHEDULE 13D/A	BATTALION OIL CORP BATL	39.30%	13,574,690	view →
2026-04-06	SCHEDULE 13D/A	BATTALION OIL CORP BATL	43.40%	14,132,184	view →
2024-05-15	SC	BATTALION OIL CORP BATL	—	—	view →
2020-09-15	SC	Valaris plc VAL-WT	—	—	view →
2020-09-01	SC	Valaris plc VAL-WT	—	—	view →
2020-08-26	SC	Valaris plc VAL-WT	—	—	view →
2020-08-24	SC	Valaris plc VAL-WT	—	—	view →
2020-08-14	SC	Valaris plc VAL-WT	—	—	view →
2020-01-29	SC	Valaris plc VAL-WT	—	—	view →
2020-01-27	SC	Valaris plc VAL-WT	—	—	view →
2019-10-22	SC	HALCON RESOURCES CORP BATL	—	—	view →

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