CHARLES M. SLEDGE - 05 Mar 2023 Form 4 Insider Report for TALOS ENERGY INC. (TALO)

Role: Director
Signature: /s/ William S. Moss III, attorney-in-fact
Issuer symbol: TALO
Transactions as of: 05 Mar 2023
Net transactions value: -$73,205
Form type: 4
Filing time: 08 Mar 2023, 16:50:29 UTC
Previous filing: 06 Feb 2023
Next filing: 10 Jan 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TALO	Common Stock	Options Exercise		+11,612	+56%		32,355	05 Mar 2023	Direct	F1
transaction	TALO	Common Stock	Disposed to Issuer	$73,205	-4,645	-14%	$15.76	27,710	05 Mar 2023	Direct	F1

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	-11,612	-100%	$0.000000^*	0	05 Mar 2023	Common Stock	11,612		Direct	F1
transaction	TALO	Restricted Stock Units	Award	$0	+9,066		$0.000000	9,066	05 Mar 2023	Common Stock	9,066		Direct	F2, F3

* 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 5, 2022 and vested on March 5, 2023. The RSUs represent the economic equivalent of one share of common stock, par value $0.01 per share (a "Share") of Talos Energy Inc. The RSUs were granted pursuant to the Talos Energy Inc. 2021 Long Term Incentive Plan (the "LTIP"). Pursuant to the terms of the award agreement, 60% of the RSUs were settled in Shares and 40% were settled in cash.
F2	The RSUs represent a contingent right to receive 60% of such RSUs in Shares and 40% of such RSUs in cash.
F3	The RSUs were granted pursuant to the LTIP and will vest, contingent upon continued service, on March 5, 2024.