| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | STR | Class C Common Stock | Tax liability | -5.13K | -9.83% | 47K | Jun 6, 2023 | Direct | F1, F2, F3 | ||
| transaction | STR | Class A Common Stock | Tax liability | -$242K | -8.89K | -11.66% | $27.19 | 67.3K | Jun 7, 2023 | Direct | F4, F6 |
| transaction | STR | Class A Common Stock | Tax liability | -$88.8K | -3.27K | -4.85% | $27.19 | 64.1K | Jun 7, 2023 | Direct | F5, F6 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | STR | Sitio Royalties Operating Partnership, LP Units | Tax liability | -5.13K | -9.83% | 47K | Jun 6, 2023 | Class A Common Stock | 5.13K | Direct | F1, F2, F3 |
| Id | Content |
|---|---|
| F1 | Each share of Class C Common Stock has no economic rights but entitles its holder to one vote on all matters to be voted on by shareholders generally. The terms of the Second Amended and Restated Agreement of Limited Partnership of Sitio Royalties Operating Partnership, LP (the "Partnership") provide that, subject to certain restrictions contained therein, each holder of common units representing limited partnership interests in the Partnership ("OpCo Units") (other than the Issuer) generally has the right to cause the Partnership to redeem all or a portion of its OpCo Units (the "Redemption Right") in exchange for shares of Class A Common Stock of the Issuer on a one-for-one basis or, at the Partnership's election, an equivalent amount of cash. |
| F2 | (Continued from Footnote 1) In connection with any redemption of OpCo Units pursuant to the Redemption Right, the corresponding number of shares of the Class C Common Stock will be cancelled. The OpCo Units and the right to exercise the Redemption Right have no expiration date. |
| F3 | The OpCo Units listed in Table II were forfeited and a corresponding number of shares of Class C Common Stock listed in Table I were cancelled to satisfy the tax withholding obligations of the Reporting Person in connection with the vesting of a portion of the Class C Common Stock held by the Reporting Person. |
| F4 | These shares were withheld by the Company to satisfy the tax withholding obligations of the Reporting Person in connection with the vesting in full of an award of restricted stock units on June 7, 2023. |
| F5 | These shares were withheld by the Company to satisfy the tax withholding obligations of the Reporting Person in connection with the vesting of one-third of an award of restricted stock units on June 7, 2023. |
| F6 | Represents the closing price of the Issuer's Class A Common Stock on the date of the tax withholding. |
Executive Vice President, General Counsel and Secretary