| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | DTI | Common Stock | Award | +400K | 400K | Jun 20, 2023 | By MV Partners I LP | F1, F2, F3 |
| Id | Content |
|---|---|
| F1 | Received in connection with the Issuer's business combination (the "Business Combination") with Drilling Tools International Holdings, Inc. ("Legacy DTI") in accordance with the terms of the Agreement and Plan of Merger dated as of February 13, 2023 and amended as of June 5, 2023 (the "Merger Agreement"), by and among the Issuer (f/k/a ROC Energy Acquisition Corp.), ROC Merger Sub, Inc. ("Merger Sub") and Legacy DTI. Pursuant to the terms of the Merger Agreement, each outstanding share of Legacy DTI (i) common stock was converted into the right to receive 0.2282 shares of common stock of the Issuer ("Common Stock") and (ii) preferred stock was converted into the right to receive 0.3299 shares of Common Stock and $0.54 in cash (the "Preferred Cash Consideration"). The Business Combination closed on June 20, 2023 (the "Closing Date"). |
| F2 | (Continued from Footnote 1) Pursuant to the terms of an Exchange Agreement by and between ROC Energy Holdings, LLC, a Delaware limited liability company, Merger Sub, Legacy DTI and MV Partners I LP ("MV Partners"), MV Partners elected to exchange the $500,000 of Preferred Cash Consideration it was entitled to receive pursuant to the Merger Agreement into 94,505 shares of Common Stock, which are included in the reported amount. |
| F3 | The Reporting Person may be deemed to have voting power and dispositive power over the shares held by MV Partners. Mr. Vermillion is the sole owner and Chairman of the Board of Directors of MV Partners, Inc., MV Partners' general partner. Mr. Vermillion disclaims any beneficial ownership of any shares of Common Stock held by MV Partners, other than his pecuniary interest therein. |