Kenneth J. Knott - Jul 3, 2023 Form 4 Insider Report for SM Energy Co (SM)

Role: SVP - Bus Dev & Land
Signature: Andrew T. Fiske (Attorney-in-Fact)
Stock symbol: SM
Transactions as of: Jul 3, 2023
Transactions value $: -$94,385
Form type: 4
Date filed: 7/6/2023, 04:19 PM
Previous filing: Sep 2, 2022
Next filing: Jul 24, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SM	Common Stock, $.01 Par Value	Other	$8.78K	+303	+0.26%	$28.97	119K	Dec 30, 2022	Direct	F1
transaction	SM	Common Stock, $.01 Par Value	Other	$9.31K	+350	+0.29%	$26.61	119K	Jun 30, 2023	Direct	F2
transaction	SM	Common Stock, $.01 Par Value	Options Exercise		+7.67K	+6.44%		127K	Jul 3, 2022	Direct	F3
transaction	SM	Common Stock, $.01 Par Value	Tax liability	-$59.1K	-1.87K	-1.47%	$31.63	125K	Jul 3, 2023	Direct
transaction	SM	Common Stock, $.01 Par Value	Options Exercise		+3.76K	+3.01%		129K	Jul 3, 2023	Direct	F4
transaction	SM	Common Stock, $.01 Par Value	Tax liability	-$28.9K	-915	-0.71%	$31.63	128K	Jul 3, 2023	Direct
transaction	SM	Common Stock, $.01 Par Value	Options Exercise		+3.18K	+2.49%		131K	Jul 3, 2023	Direct	F5
transaction	SM	Common Stock, $.01 Par Value	Tax liability	-$24.5K	-774	-0.59%	$31.63	130K	Jul 3, 2023	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		-7.67K	-100%		0	Jul 3, 2023	Common Stock, $.01 Par Value	7.67K		Direct	F3
transaction	SM	Restricted Stock Units	Options Exercise		-3.76K	-50%		3.76K	Jul 3, 2023	Common Stock, $.01 Par Value	3.76K		Direct	F4
transaction	SM	Restricted Stock Units	Options Exercise		-3.18K	-33.33%		6.36K	Jul 3, 2023	Common Stock, $.01 Par Value	3.18K		Direct	F5

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

Explanation of Responses:

Id	Content
F1	The Reporting Person purchased 303 shares of the Issuer's common stock on December 30, 2022, through the Issuer's Employee Stock Purchase Plan.
F2	The Reporting Person purchased 350 shares of the Issuer's common stock on June 30, 2023, through the Issuer's Employee Stock Purchase Plan.
F3	Each restricted stock unit represents a contingent right to receive one share of stock. The restricted stock unit grant vested in three equal installments on December 14, 2021, July 1, 2022 and July 1, 2023. The vested shares were issued to the Reporting Person on the vesting dates, at which time all restrictions on the vested shares lapsed.
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 on 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.
F5	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 on 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.