Jefferies Financial Group Inc. - Jan 13, 2023 Form 4 Insider Report for Vitesse Energy, Inc. (VTS)

Role
10%+ Owner
Signature
/s/ Michael J. Sharp, Executive Vice President and General Counsel, on behalf of Jefferies Financail Group Inc.
Stock symbol
VTS
Transactions as of
Jan 13, 2023
Transactions value $
$0
Form type
4
Date filed
1/17/2023, 08:52 PM
Previous filing
Jan 6, 2023
Next filing
Oct 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VTS Common Stock Other +25.9M +2591389.1% 25.9M Jan 13, 2023 Direct F1, F2
transaction VTS Common Stock Other +696K +2.69% 26.6M Jan 13, 2023 Direct F3
transaction VTS Common Stock Other -26.6M -100% 0 Jan 13, 2023 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Jefferies Financial Group Inc. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 25,913,891 shares of Vitesse Energy, Inc. (the "Issuer") common stock were acquired by Vitesse Energy Finance LLC in exchange for 450,000,000 Vitesse Energy, LLC common units in connection with the merger of Vitesse Energy, LLC into VE MergerSub LLC, a wholly owned subsidiary of the Issuer. Through a series of distributions following such merger, such shares of common stock of the Issuer became held directly by Jefferies Financial Group Inc. ("Jefferies").
F2 1,000 shares of common stock of the Issuer were previously reported as held indirectly by Jefferies. In connection with the distributions described in footnote 1, such shares became held directly by Jefferies.
F3 The 696,304 shares of common stock of the Issuer were acquired by Jefferies indirectly in exchange for 48,000,000 Vitesse Oil, LLC common units owned by certain indirect, partially owned subsidiaries of Jefferies in connection with the merger of Vitesse Oil, LLC into VO MergerSub LLC, a wholly owned subsidiary of the Issuer. Through a series of distributions following such merger, 696,304 shares of common stock of the Issuer became held directly by Jefferies. Such distributions included the distribution of some of the Issuer common stock held by Jefferies Capital Partners V L.P. and Jefferies SBI USA Fund L.P to their partners, of which Jefferies owns a portion of the limited partner interests of each such fund and a portion of the economic general partner interest of Jefferies Capital Partners V L.P., in accordance with their respective limited partnership agreements.
F4 This transaction relates to the spin-off of the Issuer from Jefferies effective January 13, 2023 (the "Spin-Off"). To effect the Spin-Off, all shares of common stock of the Issuer held by Jefferies were distributed, by way of a pro rata dividend, to holders of Jefferies common stock. As a result of the Spin-Off, Jefferies no longer beneficially owns any shares of common stock of the Issuer.