Benjamin Russ - Mar 15, 2023 Form 4 Insider Report for CHESAPEAKE ENERGY CORP (CHK)

Role: EVP-General Counsel
Signature: J. David Hershberger For: BENJAMIN RUSS
Stock symbol: CHK
Transactions as of: Mar 15, 2023
Transactions value $: -$23,576
Form type: 4
Date filed: 3/16/2023, 06:30 PM
Previous filing: Jun 21, 2022
Next filing: Apr 10, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CHK	Common Stock	Tax liability	-$23.6K	-329	-3.98%	$71.66	7.93K	Mar 15, 2023	Direct	F1
transaction	CHK	Common Stock	Award	$0	+3.6K	+45.42%	$0.00	11.5K	Mar 15, 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	CHK	Performance Share Unit	Award	$0	+10.8K		$0.00	10.8K	Mar 15, 2023	Common Stock	10.8K		Direct	F2

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

Explanation of Responses:

Id	Content
F1	These shares were forfeited to the issuer to satisfy tax withholding obligations in connection with the partial vesting of a previously disclosed restricted stock award.
F2	Each performance share unit represents a contingent right to receive from zero to two shares of Chesapeake common stock, depending on the achievement of volume weighted average stock prices over a three-year performance period.