{"url_path":"/sec/usl/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 Unregistered Sales of Equity Securities and Use of Proceeds.","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-08","source_url":"https://www.sec.gov/Archives/edgar/data/1405528/0001104659-26-057771-index.html","accession_number":"0001104659-26-057771","cik":"0001405528","ticker":"USL","issuer_name":"United States 12 Month Oil Fund, LP","edgar_url":"https://www.sec.gov/Archives/edgar/data/1405528/0001104659-26-057771-index.html","primary_entity_key":"0001405528","primary_entity_name":"United States 12 Month Oil Fund, LP"},"word_count":130,"has_tables":true,"body_markdown":"Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.\n\n(a)None.\n\n(b)Not applicable.\n\n(c)USL does not purchase shares directly from its shareholders. In connection with its redemption of baskets held by Authorized Participants, USL redeemed 3 baskets (comprising 150,000 shares) during the first quarter of the year ending December 31, 2026. The following table summarizes the redemptions by Authorized Participants during the three months ended March 31, 2026:\n\nIssuer Purchases of Equity Securities\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n**Total Number of**\n\n​\n\n**Average Price Per**\n\n**Period**\n\n**  ​ ​ ​**\n\n**Shares Redeemed**\n\n  ​ ​ ​\n\n**Share**\n\n1/1/26 to 1/31/26\n\n​\n\n—\n\n​\n\n$\n\n—\n\n2/1/26 to 2/28/26\n\n​\n\n100,000\n\n​\n\n$\n\n37.45\n\n3/1/26 to 3/31/26\n\n​\n\n50,000\n\n​\n\n$\n\n49.78\n\nTotal\n\n \n\n150,000\n\n​\n\n \n\n  ​\n\n​\n\n​"}