Steven W. Adam - Feb 22, 2023 Form 4 Insider Report for SILVERBOW RESOURCES, INC. (SBOW)

Signature
Steven W. Adam
Stock symbol
SBOW
Transactions as of
Feb 22, 2023
Transactions value $
-$545,528
Form type
4
Date filed
2/23/2023, 03:47 PM
Previous filing
Apr 15, 2022
Next filing
Mar 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBOW SilverBow Resources, Inc. Common Stock Award $0 +76.8K +468.11% $0.00 93.2K Feb 22, 2023 Direct
transaction SBOW SilverBow Resources, Inc. Common Stock Tax liability -$546K -23.8K -25.59% $22.88 69.3K Feb 22, 2023 Direct
transaction SBOW SilverBow Resources, Inc. Common Stock Gift $0 -52.9K -76.34% $0.00 16.4K Feb 22, 2023 Direct
transaction SBOW SilverBow Resources, Inc. Common Stock Gift $0 +52.9K +66.12% $0.00 133K Feb 22, 2023 Adam Family Living Trust F1
transaction SBOW SilverBow Resources, Inc. Common Stock Award $0 +16.1K +98.01% $0.00 32.5K Feb 22, 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Adam and his spouse are both trustees and beneficiaries of the Adam Family Living Trust, and therefore Mr. Adam has shared voting and investment control of the shares therein.
F2 The award consists of restricted stock units which vest annually in three substantially equal portions, beginning on the first day of the month following the anniversary of the grant date.