OKLAHOMA CITY (PRNewswire) — Continental Resources, Inc. announced that its Founder and Executive Chairman, Harold Hamm, purchased 4,736,264 shares of Continental common stock on the open market from June 22, 2020, to June 25, 2020, at market prices. This brings Hamm’s total holdings, as of June 25, 2020, to 289,659,385 shares, or approximately 79.3% of the Company’s total common shares outstanding at April 30, 2020.

In addition, Hamm entered into a 10b5-1 plan pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended (“Rule 10b5-1”). It is Hamm’s intention to acquire shares of the company’s common stock consistent with certain timing, volume and price limitations. The 10b5-1 trading plan was entered into on June 25, 2020.

“I firmly believe Continental’s current share price reflects an uncommon value as the global pandemic has negatively impacted worldwide crude oil demand. Recent purchases underscore my confidence in the Company’s continued operational excellence and strong financial performance. Continental is poised to deliver significant shareholder value for many years to come and I believe there is no management team more aligned with shareholders than Continental,” said Hamm.