Angelo Gordon & Co., L.P. - Jan 3, 2021 Form 3 Insider Report for ABRAXAS PETROLEUM CORP (AXAS)

Role: Director by Deputization
Signature: /s/ Christopher D. Moore, as Attorney-in-Fact for Josh Baumgarten, Co-Managing Member of AG GP LLC, General Partner of Angelo, Gordon & Co., L.P., Manager of AG Energy Funding, LLC
Stock symbol: AXAS
Transactions as of: Jan 3, 2021
Transactions value $: $0
Form type: 3
Date filed: 1/12/2022, 08:02 PM
Next filing: Sep 21, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	AXAS	Series A Preferred Stock						686K	Jan 3, 2021	See Footnote	F1

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

Explanation of Responses:

Id	Content
F1	The shares of Series A Preferred Stock held directly by AG Energy Funding, LLC ("AG Energy Funding") for which Angelo, Gordon & Co, L.P. ("Angelo Gordon") is the manager. Josh Baumgarten and Adam Schwartz are the co-managing members of AG GP LLC ("AG GP"), which is the sole general partner of Angelo Gordon and Josh Baumgarten and Adam Schwartz are the co-chief executive officers of Angelo Gordon. Each of Josh Baumgarten, Adam Schwartz and AG GP may be deemed to control Angelo Gordon. Each of Angelo Gordon, AG GP, Josh Baumgarten and Adam Schwartz disclaim beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein and this report shall not be deemed to be an admission that any of Angelo Gordon, AG GP, Josh Baumgarten or Adam Schwartz is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Content

The shares of Series A Preferred Stock held directly by AG Energy Funding, LLC ("AG Energy Funding") for which Angelo, Gordon & Co, L.P. ("Angelo Gordon") is the manager. Josh Baumgarten and Adam Schwartz are the co-managing members of AG GP LLC ("AG GP"), which is the sole general partner of Angelo Gordon and Josh Baumgarten and Adam Schwartz are the co-chief executive officers of Angelo Gordon. Each of Josh Baumgarten, Adam Schwartz and AG GP may be deemed to control Angelo Gordon. Each of Angelo Gordon, AG GP, Josh Baumgarten and Adam Schwartz disclaim beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein and this report shall not be deemed to be an admission that any of Angelo Gordon, AG GP, Josh Baumgarten or Adam Schwartz is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Remarks:

Each of Todd Dittmann, a managing director of Angelo, Gordon & Co, L.P. ("Angelo Gordon") and a member of Angelo Gordon's executive committee, and Damon Putman, a managing director of Angelo Gordon's energy investment group, is a member of the Board of Directors of Abraxas Petroleum Corporation (the "Issuer"). Daniel Baddeloo, a vice president in Angelo Gordon's energy group, will be appointed to serve as a member of the Board of Directors of the Issuer following the mailing of a Schedule 14f-1 to the Issuer's stockholders and the expiration of a ten-day waiting period following such mailing. For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, AG Energy Funding, LLC, Angelo Gordon, AG GP LLC, Josh Baumgarten and Adam Schwartz may be deemed to be directors by deputization of the Issuer due to their relationship with Mr. Dittmann, Mr. Putman and Mr. Baddeloo.