Donald R. Kendall Jr. - 21 Mar 2022 Form 4 Insider Report for TALOS ENERGY INC. (TALO)

Role
Director
Signature
/s/ William S. Moss III, attorney-in-fact
Issuer symbol
TALO
Transactions as of
21 Mar 2022
Net transactions value
-$74,939
Form type
4
Filing time
23 Mar 2022, 18:19:50 UTC
Previous filing
19 Apr 2022
Next filing
07 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TALO Common Stock Options Exercise +12,103 +87% 26,032 21 Mar 2022 Direct F1
transaction TALO Common Stock Disposed to Issuer $74,939 -4,841 -19% $15.48 21,191 21 Mar 2022 Direct F2

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 TALO Restricted Stock Units Options Exercise $0 -12,103 -100% $0.000000* 0 21 Mar 2022 Common Stock 12,103 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units ("RSUs") were granted on March 8, 2021, vested on March 8, 2022, and settled on March 21, 2022. The RSUs represent the economic equivalent of one share of common stock, par value $0.01 per share (the "Common Stock"), of Talos Energy Inc. Pursuant to the terms of the award agreement, 60% of the RSUs were settled in Common Stock and 40% of the RSUs were settled in cash.
F2 Pursuant to the terms of the award agreement, 40% of the RSUs were settled in cash upon the settlement of the previously granted RSUs.