| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | USWS | Convertible Senior Secured (Third Lien) PIK Note | Sale | -$462T | -21.5M | -100% | $21,523,327.20* | 0 | Apr 29, 2022 | Class A Common Stock | 3.06M | $7.00 | See Footnote | F1, F2, F3 |
| transaction | USWS | Convertible Senior Secured (Third Lien) PIK Note | Sale | -$462T | -21.5M | -100% | $21,523,327.20* | 0 | Apr 29, 2022 | Class A Common Stock | 4.9M | $4.38 | See Footnote | F1, F3, F4 |
| transaction | USWS | Series A Redeemable Convertible Preferred Stock | Sale | -$6.47M | -5.2K | -100% | $1,245.66* | 0 | Apr 29, 2022 | Class A Common Stock | 317K | $23.35 | See Footnote | F1, F3, F5 |
| transaction | USWS | Warrants for Class A Common Stock (Right to Buy) | Sale | $0 | -2.67M | -100% | $0.00* | 0 | Apr 29, 2022 | Class A Common Stock | 762K | $26.81 | See Footnote | F1 |
Angelo Gordon & Co., L.P. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
| Id | Content |
|---|---|
| F1 | These securities were 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 managing members of AG GP LLC ("AG GP"), which is the sole general partner of Angelo Gordon. Each of Messrs. Baumgarten and Schwartz, and AG GP may be deemed to control Angelo Gordon. Each of Angelo Gordon, AG GP and Messrs. Baumgarten and 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, Mr. Baumgarten or Mr. Schwartz is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. |
| F2 | AG Energy Funding may have converted the convertible note during its term into a number of shares of Class A Common Stock of U.S. Well Services, Inc. (the "Common Stock") equal to the outstanding principal and accrued but unpaid interest divided by a conversion price of $7, subject to adjustment. If the convertible note is outstanding as of maturity, the convertible note will automatically be converted into shares of Common Stock using the volume weighted average price. The convertible note was not able to be converted unless the Issuer filed a listing application with the Nasdaq Capital Market and that application had been approved. The convertible note may not be converted if the conversion would result in violations of Nasdaq Capital Market's change of control or certain other Nasdaq rules. |
| F3 | The price includes the payment for partially accrued in-kind interest or dividends. |
| F4 | AG Energy Funding may convert the convertible note during its term into a number of shares of Class A Common Stock of Common Stock equal to the outstanding principal and accrued but unpaid interest divided by a conversion price of $4.38, subject to adjustment. If the convertible note is outstanding as of maturity, the convertible note will automatically be converted into shares of Common Stock using the volume weighted average price. The convertible note may not be converted if the conversion would result in violations of Nasdaq Capital Market's change of control or shareholder approval limitations. |
| F5 | The Series A Redeemable Convertible Preferred Stock has no expiration date. |