Frank Alan Lodzinski - Sep 27, 2023 Form 4 Insider Report for EARTHSTONE ENERGY INC (ESTE)

Role: Executive Chairman, Director
Signature: /s/ Frank A. Lodzinski
Stock symbol: ESTE
Transactions as of: Sep 27, 2023
Transactions value $: -$1,047,675
Form type: 4
Date filed: 9/27/2023, 04:08 PM
Previous filing: Jun 30, 2023
Next filing: Oct 2, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ESTE	Class A Common Stock	Sale	-$1.05M	-52K	-12.73%	$20.16	356K	Sep 27, 2023	By Azure Energy, LLC	F1, F2
holding	ESTE	Class A Common Stock						174K	Sep 27, 2023	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 $20.02 to $20.27, 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 $20.02 to $20.27, 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.