Julie Gray - 01 Jul 2024 Form 4 Insider Report for SM Energy Co (SM)

Role: Vice President Marketing
Signature: Andrew T. Fiske (Attorney-in-Fact)
Issuer symbol: SM
Transactions as of: 01 Jul 2024
Net transactions value: -$29,833
Form type: 4
Filing time: 03 Jul 2024, 16:16:20 UTC
Previous filing: 24 Jul 2023
Next filing: 26 Jul 2024
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	$5,943	+221	+0.68%	$26.89	32,588	29 Dec 2023	Direct	F1
transaction	SM	Common Stock, $.01 Par Value	Other	$2,699	+82	+0.25%	$32.91	32,670	28 Jun 2024	Direct	F2
transaction	SM	Common Stock, $.01 Par Value	Options Exercise		+1,013	+3.1%		33,683	01 Jul 2024	Direct	F3
transaction	SM	Common Stock, $.01 Par Value	Tax liability	$12,623	-292	-0.87%	$43.23	33,391	01 Jul 2024	Direct
transaction	SM	Common Stock, $.01 Par Value	Options Exercise		+758	+2.3%		34,149	01 Jul 2024	Direct	F4
transaction	SM	Common Stock, $.01 Par Value	Tax liability	$9,424	-218	-0.64%	$43.23	33,931	01 Jul 2024	Direct
transaction	SM	Common Stock, $.01 Par Value	Options Exercise		+1,318	+3.9%		35,249	01 Jul 2024	Direct	F5
transaction	SM	Common Stock, $.01 Par Value	Tax liability	$16,427	-380	-1.1%	$43.23	34,869	01 Jul 2024	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		-1,013	-100%		0	01 Jul 2024	Common Stock, $.01 Par Value	1,013		Direct	F3
transaction	SM	Restricted Stock Units	Options Exercise		-758	-50%		758	01 Jul 2024	Common Stock, $.01 Par Value	758		Direct	F4
transaction	SM	Restricted Stock Units	Options Exercise		-1,318	-33%		2,634	01 Jul 2024	Common Stock, $.01 Par Value	1,318		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 221 shares of the Issuer's common stock on December 29, 2023, through the Issuer's Employee Stock Purchase Plan.
F2	The Reporting Person purchased 82 shares of the Issuer's common stock on June 28, 2024, 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 annual installments beginning on July 1, 2022. The vested shares were 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 six equal biannual installments beginning on January 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.
F5	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 on January 1, 2024. 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.