Insider trade

Director sold ~$11.2M of CF shares in the open market

Traded Feb 20, 2026 · Filed Feb 24, 2026

CF IndustriesCF

~$11.2M
Reported value · 112K sh @ $100.2486: 473K
Holds after · shares reported: +17.9%
stock since the trade · S&P 500 +10.8%, $97.18 → $114.54 on Oct 1

Why it stands out

A board member of CF Industries sold $11.2M of CF Industries shares. Nobody planned it ahead of time.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: Feb 20, 2026
Reporting period: Not applicable
Filed with the SEC: Feb 24, 2026

Director$1M+

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$11,216,816

Shares × reported transaction price

Timing vs results

2 days after results of Feb 18, 2026, 75 days before results of May 6, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Price at the time

Closed at $97.18 on Feb 20, 2026, 42% above its 52-week low and 5% below its high, after a 25% rise over the previous 30 trading days

52-week range $68.47 (Apr 8, 2025) to $102.48 (Jun 17, 2025), 84% of the way up, from 251 adjusted closes. 30 trading days earlier: $77.49 on Jan 7, 2026. Describes the past only, not a forecast

Planned / mechanical clue

None found in footnotes

Only flagged when a footnote says so; never inferred

After it was reported

After	Stock	S&P 500	Difference
7 days	+8.9%	-1.2%	+10.1%
30 days	+41.9%	-8.5%	+50.5%
90 days	+23.9%	+8.3%	+15.7%
180 days	+34.4%	+10.1%	+24.3%

Past results only. Not a forecast.

Source receipt

Record ID: 0001104659-26-019203
Filed / recorded: Feb 24, 2026, 10:05 PM UTC
Added to OQRO: Oct 2, 2026, 12:27 PM UTC
Parser: form4-xml-v1
Data quality: Verified: identifiers matched exactly
Issuer: CF Industries Holdings, Inc.
Issuer CIK: 1324404
Ticker: CF
Reporting person: W Anthony Will
Relationship: Director, Other
Security: Common stock, par value $0.01 per share
Table: Non-derivative (Table I)
Transaction date: Feb 20, 2026
Transaction code: S
Shares / units: 111,890
Price per share: $100.2486
Acquired / disposed: Disposed (D)
Shares owned after: 473,059
Ownership form: Direct
Amendment: No

Footnotes from the filing

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $100.0000 to $100.7000, inclusive. The reporting person undertakes to provide to CF Industries Holdings, Inc., any security holder of CF Industries Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within that range.

Around the same time

Officer sold7mo ago

~$187KReported value · 1,500 sh @ $124.69

CF Industries's VP, Clean Energy & BusDevelop sold $187K of CF Industries shares. Nobody planned it ahead of time.

Why it stands out Official record

Officer sold7mo ago

~$439KReported value · 3,499 sh @ $125.3801

CF Industries's VP and Corporate Controller sold $439K of CF Industries shares. Nobody planned it ahead of time.

Why it stands out Official record

Officer sold7mo ago

~$756KReported value · 6,000 sh @ $126.00

CF Industries's Chief Commercial Officer sold $756K of CF Industries shares. Nobody planned it ahead of time.

Why it stands out Official record