John B. Juneau - Mar 5, 2023 Form 4 Insider Report for TALOS ENERGY INC. (TALO)

Role
Director
Signature
/s/ William S. Moss III, attorney-in-fact
Stock symbol
TALO
Transactions as of
Mar 5, 2023
Transactions value $
-$73,205
Form type
4
Date filed
3/8/2023, 04:58 PM
Previous filing
Feb 7, 2023
Next filing
Jan 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TALO Common Stock Options Exercise +11.6K +22.05% 64.3K Mar 5, 2023 Direct F1
transaction TALO Common Stock Disposed to Issuer -$73.2K -4.65K -7.23% $15.76 59.6K Mar 5, 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 -11.6K -100% $0.00* 0 Mar 5, 2023 Common Stock 11.6K Direct F1
transaction TALO Restricted Stock Units Award $0 +9.07K $0.00 9.07K Mar 5, 2023 Common Stock 9.07K 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.