Frank Alan Lodzinski - Mar 16, 2022 Form 4 Insider Report for EARTHSTONE ENERGY INC (ESTE)

Role: Executive Chairman, Director
Signature: /s/ Frank A. Lodzinski
Stock symbol: ESTE
Transactions as of: Mar 16, 2022
Transactions value $: -$612,000
Form type: 4
Date filed: 3/16/2022, 04:46 PM
Previous filing: Feb 2, 2022
Next filing: Mar 31, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ESTE	Class A Common Stock	Sale	-$612K	-50K	-9.7%	$12.24	465K	Mar 16, 2022	By Azure Energy, LLC	F1, F2
holding	ESTE	Class A Common Stock						172K	Mar 16, 2022	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.00 to $12.51, inclusive. The reporting person undertakes to provide to the Registrant, any security holder of the Registrant, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2	The reporting person disclaims beneficial ownership of any shares of the Registrant's Class A Common Stock held by Azure Energy, LLC, except to the extent of his pecuniary interest therein.

Content

The price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.00 to $12.51, inclusive. The reporting person undertakes to provide to the Registrant, any security holder of the Registrant, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

The reporting person disclaims beneficial ownership of any shares of the Registrant's Class A Common Stock held by Azure Energy, LLC, except to the extent of his pecuniary interest therein.