A. Wade Pursell - 01 Jul 2022 Form 4 Insider Report for SM Energy Co (SM)

Role: EVP & CFO
Signature: Andrew T. Fiske (Attorney-in-Fact)
Issuer symbol: SM
Transactions as of: 01 Jul 2022
Net transactions value: -$806,361
Form type: 4
Filing time: 06 Jul 2022, 17:14:29 UTC
Previous filing: 18 Jan 2022
Next filing: 02 Aug 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SM	Common Stock, $.01 Par Value	Other	$2,506	+100	+0.04%	$25.06	258,461	30 Jun 2022	Direct	F1
transaction	SM	Common Stock, $.01 Par Value	Options Exercise		+14,572	+5.6%		273,033	01 Jul 2022	Direct	F2
transaction	SM	Common Stock, $.01 Par Value	Tax liability	$194,404	-5,686	-2.1%	$34.19	267,347	01 Jul 2022	Direct
transaction	SM	Common Stock, $.01 Par Value	Options Exercise		+27,871	+10%		295,218	01 Jul 2022	Direct	F3
transaction	SM	Common Stock, $.01 Par Value	Tax liability	$418,349	-12,236	-4.1%	$34.19	282,982	01 Jul 2022	Direct
transaction	SM	Common Stock, $.01 Par Value	Options Exercise		+13,066	+4.6%		296,048	01 Jul 2022	Direct	F4
transaction	SM	Common Stock, $.01 Par Value	Tax liability	$196,114	-5,736	-1.9%	$34.19	290,312	01 Jul 2022	Direct

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	SM	Restricted Stock Units	Options Exercise		-14,572	-100%		0	01 Jul 2022	Common Stock, $.01 Par Value	14,572		Direct	F2
transaction	SM	Restricted Stock Units	Options Exercise		-27,871	-50%		27,871	01 Jul 2022	Common Stock, $.01 Par Value	27,871		Direct	F3
transaction	SM	Restricted Stock Units	Options Exercise		-13,066	-33%		26,134	01 Jul 2022	Common Stock, $.01 Par Value	13,066		Direct	F4

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

Explanation of Responses:

Id	Content
F1	The Reporting Person purchased 100 shares of the Issuer's common stock on June 30, 2022, through the Issuer's Employee Stock Purchase Plan.
F2	Each restricted stock unit represents a contingent right to receive one share of stock. The restricted stock unit grant vested in three equal annual installments beginning on July 1, 2020. The vested shares were issued to the Reporting Person on the vesting dates, at which time all restrictions on the vested shares lapsed.
F3	Each restricted stock unit represents a contingent right to receive one share of stock. The restricted stock unit grant vests in three equal installments on December 14, 2021, July 1, 2022 and July 1, 2023. The vested shares will be issued to the Reporting Person on the vesting dates, at which time all restrictions on the vested shares will lapse.
F4	Each restricted stock unit represents a contingent right to receive one share of stock. The restricted stock unit grant vests in three equal annual installments beginning July 1, 2022. The vested shares will be issued to the Reporting Person on the vesting dates, at which time all restrictions on the vested shares will lapse.