Nicholas J. DeIuliis, a director at CNX Resources Corp, filed a Form 4 on September 4, 2026, disclosing a gift transaction dated September 2, 2026, involving the transfer of 528,000 common shares to a trust established for the benefit of his descendants.

Key Highlights

  • Transaction type: Code "G" (gift) - 528,000 common shares disposed of directly at $0 price on September 2, 2026.
  • Trust acquisition: 528,000 shares simultaneously acquired indirectly via Trust #3, described as a trust for the benefit of the reporting person's descendants.
  • Direct holdings after transaction: 1,863,608 shares held directly, of which 5,568 are restricted stock units and 2,784 are deferred stock units, according to the filing.
  • Additional indirect holdings: 135,218 shares held indirectly through Trust #1 and 135,218 shares through Trust #2, both for the benefit of the reporting person's children, with the reporting person's spouse as trustee.
  • Beneficial ownership disclaimer: The reporting person disclaims beneficial ownership of the shares held in all three trusts, stating the filing "is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose."

DeIuliis Gift Transaction and Resulting Ownership at CNX Resources

According to the Form 4 filed with the SEC, Nicholas J. DeIuliis, listed as a director of CNX Resources Corp (NYSE:CNX), reported a gift transfer of 528,000 common shares, $0.01 par value per share, on September 2, 2026. The transaction code recorded is "G," and the price is listed as $0. The shares were disposed of from his direct holdings and simultaneously acquired indirectly through a trust identified in the filing as Trust #3, described as "a trust established for the benefit of the reporting person's descendants."

Following the reported transaction, the filing discloses that DeIuliis directly holds 1,863,608 shares. The filing notes that of those directly held shares, 5,568 are restricted stock units and 2,784 are deferred stock units. In addition to the 528,000 shares now held indirectly through Trust #3, the filing also reports 135,218 shares held indirectly through Trust #1 and another 135,218 shares through Trust #2. Both Trust #1 and Trust #2 are described as "trusts established for the benefit of the reporting person's children," with the reporting person's spouse serving as trustee.

For all three trusts, the filing states that DeIuliis "disclaims beneficial ownership of these securities," and specifies that the report's filing is not an admission of beneficial ownership for Section 16 purposes or any other purpose. The Form 4 was signed by Sarah Molinero as attorney-in-fact on September 4, 2026.

What Was Disclosed

The filing discloses a gift transfer of 528,000 CNX Resources common shares from the direct holdings of director Nicholas J. DeIuliis to a descendants' trust, with beneficial ownership disclaimed for all indirectly held trust shares.