David W. Copeland - Jul 1, 2022 Form 4 Insider Report for SM Energy Co (SM)

Role: EVP & General Counsel
Signature: Andrew T. Fiske (Attorney-in-Fact)
Stock symbol: SM
Transactions as of: Jul 1, 2022
Transactions value $: -$286,357
Form type: 4
Date filed: 7/6/2022, 05:15 PM
Previous filing: Jun 1, 2022
Next filing: Aug 2, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SM	Common Stock, $.01 Par Value	Other	$21.3K	+848	+0.45%	$25.06	190K	Jun 30, 2022	Direct	F1
transaction	SM	Common Stock, $.01 Par Value	Options Exercise		+6.92K	+3.65%		196K	Jul 1, 2022	Direct	F2
transaction	SM	Common Stock, $.01 Par Value	Tax liability	-$57.6K	-1.69K	-0.86%	$34.19	195K	Jul 1, 2022	Direct
transaction	SM	Common Stock, $.01 Par Value	Options Exercise		+13.2K	+6.8%		208K	Jul 1, 2022	Direct	F3
transaction	SM	Common Stock, $.01 Par Value	Tax liability	-$149K	-4.35K	-2.09%	$34.19	204K	Jul 1, 2022	Direct
transaction	SM	Common Stock, $.01 Par Value	Options Exercise		+7.51K	+3.69%		211K	Jul 1, 2022	Direct	F4
transaction	SM	Common Stock, $.01 Par Value	Tax liability	-$101K	-2.96K	-1.4%	$34.19	208K	Jul 1, 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		-6.92K	-100%		0	Jul 1, 2022	Common Stock, $.01 Par Value	6.92K		Direct	F2
transaction	SM	Restricted Stock Units	Options Exercise		-13.2K	-50%		13.2K	Jul 1, 2022	Common Stock, $.01 Par Value	13.2K		Direct	F3
transaction	SM	Restricted Stock Units	Options Exercise		-7.51K	-33.33%		15K	Jul 1, 2022	Common Stock, $.01 Par Value	7.51K		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 848 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 six equal biannual installments beginning January 1, 2020. The vested shares will be issued to the Reporting Person on the earlier of such Reporting Person's retirement from the Issuer or July 1 of the applicable year, at which time all restrictions on the vested shares will lapse.
F3	Each restricted stock unit represents a contingent right to receive one share of stock. The restricted stock unit grant vests in six equal installments on July 1, 2021, December 14, 2021, January 1, 2022, July 1, 2022, January 1, 2023 and July 1, 2023. The vested shares will be issued to the Reporting Person on the earlier of such Reporting Person's retirement from the Issuer or July 1 of the applicable year, 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 six equal biannual installments beginning January 1, 2022. The vested shares will be issued to the Reporting Person on the earlier of such Reporting Person's retirement from the Issuer or July 1 of the applicable year, at which time all restrictions on the vested shares will lapse.