Steven C. Collins - Feb 2, 2023 Form 4 Insider Report for EARTHSTONE ENERGY INC (ESTE)

Role
EVP and COO
Signature
/s/ Steven C. Collins
Stock symbol
ESTE
Transactions as of
Feb 2, 2023
Transactions value $
-$813,365
Form type
4
Date filed
2/6/2023, 04:21 PM
Previous filing
Jan 10, 2023
Next filing
Apr 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ESTE Class A Common Stock Options Exercise $0 +150K +40.99% $0.00 516K Feb 2, 2023 Direct F1
transaction ESTE Class A Common Stock Tax liability -$813K -59K -11.44% $13.78 457K Feb 2, 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 -150K -100% $0.00* 0 Feb 2, 2023 Class A Common Stock 150K Direct F1, F3
* 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.
F3 This performance stock unit award (the "PSU Award") was inadvertently omitted from the Reporting Person's Form 3 filed on May 9, 2022. The PSU Award was subject to the terms of the performance stock unit agreement. The vesting of the PSU Award was subject to the satisfaction of certain performance criteria in the period beginning February 1, 2020 and ending January 31, 2023.