David W. Copeland - 01 Jul 2022 Form 4 Insider Report for SM Energy Co (SM)

Role: EVP & General Counsel
Signature: Andrew T. Fiske (Attorney-in-Fact)
Issuer symbol: SM
Transactions as of: 01 Jul 2022
Net transactions value: -$286,357
Form type: 4
Filing time: 06 Jul 2022, 17:15:47 UTC
Previous filing: 01 Jun 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	$21,251	+848	+0.45%	$25.06	189,570	30 Jun 2022	Direct	F1
transaction	SM	Common Stock, $.01 Par Value	Options Exercise		+6,922	+3.7%		196,492	01 Jul 2022	Direct	F2
transaction	SM	Common Stock, $.01 Par Value	Tax liability	$57,644	-1,686	-0.86%	$34.19	194,806	01 Jul 2022	Direct
transaction	SM	Common Stock, $.01 Par Value	Options Exercise		+13,238	+6.8%		208,044	01 Jul 2022	Direct	F3
transaction	SM	Common Stock, $.01 Par Value	Tax liability	$148,863	-4,354	-2.1%	$34.19	203,690	01 Jul 2022	Direct
transaction	SM	Common Stock, $.01 Par Value	Options Exercise		+7,513	+3.7%		211,203	01 Jul 2022	Direct	F4
transaction	SM	Common Stock, $.01 Par Value	Tax liability	$101,100	-2,957	-1.4%	$34.19	208,246	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		-6,922	-100%		0	01 Jul 2022	Common Stock, $.01 Par Value	6,922		Direct	F2
transaction	SM	Restricted Stock Units	Options Exercise		-13,238	-50%		13,240	01 Jul 2022	Common Stock, $.01 Par Value	13,238		Direct	F3
transaction	SM	Restricted Stock Units	Options Exercise		-7,513	-33%		15,027	01 Jul 2022	Common Stock, $.01 Par Value	7,513		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.