Mark Lumpkin Jr. - 02 Feb 2023 Form 4 Insider Report for EARTHSTONE ENERGY INC

Role: EVP and CFO
Signature: /s/ Mark Lumpkin, Jr.
Issuer symbol: N/A
Transactions as of: 02 Feb 2023
Net transactions value: -$813,364
Form type: 4
Filing time: 06 Feb 2023, 15:24:01 UTC
Previous filing: 10 Jan 2023
Next filing: 03 Apr 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ESTE	Class A Common Stock	Options Exercise	$0	+150,000	+65%	$0.000000	380,269	02 Feb 2023	Direct	F1
transaction	ESTE	Class A Common Stock	Tax liability	$813,364	-59,025	-16%	$13.78	321,244	02 Feb 2023	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ESTE	Performance Stock Unit	Options Exercise	$0	-150,000	-100%	$0.000000^*	0	02 Feb 2023	Class A Common Stock	150,000		Direct	F1

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

Explanation of Responses:

Id	Content
F1	Shares of Class A Common Stock issued by the Registrant to the reporting person arising from the vesting and settlement of a performance unit award granted under the Earthstone Energy, Inc. 2014 Long-Term Incentive Plan.
F2	Shares of Class A Common Stock withheld by the Registrant to cover tax withholding obligations of the reporting person arising from the settlement of a performance unit award on February 2, 2023 granted under the Earthstone Energy, Inc. 2014 Long-Term Incentive Plan.