COMSTOCK RESOURCES INC

During the three months ended September 30, 2026, none of our directors or officers adopted, modified orterminated a "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1 trading arrangement," as those terms are defined in Regulation S-K, Item 408(a).

On November 4, 2026, we entered into a definitive purchase and sale agreement with SOCAR to sell a non-operated working interest in 15% of our interest in our Western Haynesville upstream assets, 15% of our interest in PGS and a non-operated working interest in 20% of our interest in all of our other upstream assets for an aggregate cash purchase price of $1.65 billion, subject to customary purchase price adjustments. SOCAR's interest in the Western Haynesville upstream assets will reduce to 7.5% after five years and after SOCAR has achieved a 15% return on investment in those assets. The effective date of the transaction is July 1, 2026 and is expected to close by the end of 2026, subject to customary closing conditions, including any required government approvals. We expect to recognize a gain on the sale between $150 million and $250 million upon closing.

On November 4, 2026, we amended our $1.5 billion upstream bank credit facility to extend the maturity date to November 15, 2028 and to further extend maturity date to November 15, 2031 upon the closing of the SOCAR transaction and the repayment of debt using the proceeds from the SOCAR transaction. Aggregate commitments under the new bank credit facility will continue to be $1.5 billion while borrowings will be subject to a borrowing base initially set at $1.6 billion.