Nickolas J. Lorentzatos - Jul 1, 2022 Form 4 Insider Report for Chord Energy Corp (CHRD)

Role: Executive VP, GC & Corp. Sec.
Signature: /s/ Nickolas J. Lorentzatos
Stock symbol: CHRD
Transactions as of: Jul 1, 2022
Transactions value $: $0
Form type: 4
Date filed: 7/6/2022, 09:51 PM
Previous filing: Feb 3, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CHRD	Common Stock	Options Exercise		+26.6K	+176.09%		41.6K	Jul 1, 2022	Direct	F1, F2, F3, F4
transaction	CHRD	Common Stock	Award		+75.9K	+182.34%		118K	Jul 1, 2022	Direct	F5

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	CHRD	Performance Share Units	Options Exercise		-13.3K	-50%		13.3K	Jul 1, 2022	Common Stock	13.3K		Direct	F1, F2
transaction	CHRD	Performance Share Units	Options Exercise		-13.3K	-100%		0	Jul 1, 2022	Common Stock	13.3K		Direct	F3

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

Nickolas J. Lorentzatos is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	As a result of the merger (the "Merger") between Oasis Petroleum Inc. ("Oasis") and Whiting Petroleum Corporation ("Whiting") contemplated by that certain Agreement and Plan of Merger, dated as of March 7, 2022, by and among Oasis, Ohm Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of Oasis, New Ohm LLC, a Delaware limited liability company and a wholly owned subsidiary of Oasis, and Whiting (the "Merger Agreement"), the performance period associated with the Performance Share Units granted to the Reporting Person under Oasis 2020 Long Term Incentive Plan (the "Plan") that were originally subject to a total shareholder return performance goal over a three-year measurement period ended and the Reporting Person earned 39,828 Performance Share Units (which represent 300% of the target number of Performance Share Units (13,276) originally reported by the Reporting Person on a prior Form 4),
F2	(Continued from Footnote 1) or an additional 26,552 Performance Share Units, which earned Performance Share Units were settled in shares of the Issuer's common stock, par value $0.01 per share ("Common Stock"), upon the Reporting Person ceasing to serve as Executive Vice President, General Counsel and Corporate Secretary of the Issuer in connection with the Merger. Following the closing of the Merger, the Issuer changed its name to "Chord Energy Corporation."
F3	As a result of the Merger, the performance period associated with the Performance Share Units granted to the Reporting Person under the Plan that were originally subject to a total shareholder return performance goal over a four-year measurement period ended and the Reporting Person earned 39,828 Performance Share Units (which represent 300% of the target number of Performance Share Units (13,276) originally reported by the Reporting Person on a prior Form 4), or an additional 26,552 Performance Share Units, which earned Performance Share Units were accelerated and settled in shares of Common Stock upon the Reporting Person ceasing to serve as Executive Vice President, General Counsel and Corporate Secretary of the Issuer in connection with the Merger.
F4	Includes 12,582 shares of Common Stock subject to a previously granted restricted stock unit award, which were accelerated and settled in shares of Common Stock upon the Reporting Person ceasing to serve as Executive Vice President, General Counsel and Corporate Secretary of the Issuer in connection with the Merger.
F5	As a result of the Merger, the performance period associated with the Performance Share Units granted to the Reporting Person under the Plan that were originally subject to a relative total shareholder return performance goal based on the Issuer's performance as compared to a predefined peer group or the Russell 2000 constituent companies, as applicable, over a three- or four-year measurement period, as applicable, ended and the Reporting Person earned a total of 22,804 Performance Share Units, which earned Performance Share Units were settled in shares of Common Stock upon the Reporting Person ceasing to serve as Executive Vice President, General Counsel and Corporate Secretary of the Issuer in connection with the Merger. The amount reported in this row includes the 22,804 Performance Share Units described in this Note 5, as well as the additional 26,552 Performance Share Units described in Note 1 and the additional 26,552 Performance Share Units described in Note 3.