Donald R. Kendall Jr - Mar 8, 2022 Form 4/A - Amendment Insider Report for TALOS ENERGY INC. (TALO)

Role: Director
Signature: /s/ William S. Moss, III
Stock symbol: TALO
Transactions as of: Mar 8, 2022
Transactions value $: -$84,572
Form type: 4/A - Amendment
Date filed: 4/19/2022, 07:30 PM
Date Of Original Report: Mar 23, 2022
Previous filing: Sep 30, 2022
Next filing: Mar 23, 2022

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 8, 2022	Direct	F1
transaction	TALO	Common Stock	Disposed to Issuer	-$84.6K	-4.84K	-18.6%	$17.47	21.2K	Mar 8, 2022	Direct	F2, F3

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 8, 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.
F3	On March 23, 2022, the reporting person filed a Form 4 that inadvertently reported the settlement date of the previously granted RSUs as the "Date of Earliest Transaction." This amended Form 4 is being filed for the purpose of amending the disclosure to correctly reflect in Box 3 that such date was March 8, 2022, which was the date the previously granted RSUs vested. Accordingly, Table I, Column 2, rows 1 and 2 and Table II, Column 3 each reflect the same vesting date, March 8, 2022. Additionally, Table I, Column 4 is amended to include the assigned value based on the market price of the Common Stock at the time of vesting rather than settlement.