Kosmos Energy Director Adebayo Ogunlesi Doubles His Stake With $6M Purchase

Kosmos Energy Director Adebayo Ogunlesi purchased 3.2 million shares of the company for $6 million, increasing his direct holdings to 4.97 million shares. This is his first open-market purchase in at least three years and more than doubles his exposure to the company. The purchase comes as Kosmos Energy's stock price has risen 198% YTD, driven by rising oil prices due to geopolitical tensions in the Middle East.