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

Role
Director
Signature
/s/ William S. Moss III, attorney-in-fact
Stock symbol
TALO
Transactions as of
Mar 21, 2022
Transactions value $
-$74,939
Form type
4
Date filed
3/23/2022, 06:19 PM
Previous filing
Apr 19, 2022
Next filing
Mar 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TALO Common Stock Options Exercise +12.1K +86.89% 26K Mar 21, 2022 Direct F1
transaction TALO Common Stock Disposed to Issuer -$74.9K -4.84K -18.6% $15.48 21.2K Mar 21, 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 -12.1K -100% $0.00* 0 Mar 21, 2022 Common Stock 12.1K 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.