Sage Road Capital and Joshua Batchelor Decrease Stake in Big Sky Industrial Inc. Below 5% Threshold

On August 20, 2026, Joshua Lane Batchelor, Benjamin Andrew Stamets, and Sage Road Capital, LLC filed Amendment No. 2 to their Schedule 13D regarding Big Sky Industrial Inc. (USEG). The filing reports that the reporting group's beneficial ownership has decreased to 2,580,751 shares of Common Stock, representing approximately 4.9% of the shares outstanding based on the issuer's data as of August 4, 2026. The reporting group includes several entities: Banner Oil & Gas, LLC (4.0%), Woodford Petroleum, LLC (0.3%), Sage Road Energy II, LP (0.5%), and SRC Management Company, LP (0.1%). Joshua Batchelor and Benjamin Stamets, as co-Managing Partners of Sage Road Capital, LLC, may be deemed to share beneficial ownership of these shares. This amendment serves as the final filing for the group, as their collective ownership has fallen below the 5% threshold. All previous items in the Schedule 13D remain unchanged except for this updated ownership status.