Kimmeridge Energy Management Company, LLC - 08 Jul 2022 Form 4 Insider Report for SILVERBOW RESOURCES, INC.

Role: 10%+ Owner
Signature: Kimmeridge Energy Management Company, LLC, By: /s/ Tamar Goldstein, General Counsel
Issuer symbol: N/A
Transactions as of: 08 Jul 2022
Net transactions value: +$16,985,653
Form type: 4
Filing time: 12 Jul 2022, 18:27:11 UTC
Previous filing: 12 Jul 2022
Next filing: 03 Jan 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SBOW	Common stock, par value $0.01 per share (Common Stock)	Purchase	$417,125	+15,218	+0.56%	$27.41	2,718,196	08 Jul 2022	See Footnote	F1, F8
transaction	SBOW	Common Stock	Purchase	$1,993,789	+69,470	+2.6%	$28.70	2,787,666	08 Jul 2022	See Footnote	F2, F8
transaction	SBOW	Common Stock	Purchase	$2,082,467	+70,425	+2.5%	$29.57	2,858,091	08 Jul 2022	See Footnote	F3, F8
transaction	SBOW	Common Stock	Purchase	$3,704,113	+123,265	+4.3%	$30.05	2,981,356	08 Jul 2022	See Footnote	F4, F8
transaction	SBOW	Common Stock	Purchase	$1,131,526	+40,455	+1.4%	$27.97	3,021,811	11 Jul 2022	See Footnote	F5, F8
transaction	SBOW	Common Syock	Purchase	$1,820,355	+62,706	+2.1%	$29.03	3,084,517	11 Jul 2022	See Footnote	F6, F8
transaction	SBOW	Common Stock	Purchase	$5,836,276	+196,839	+6.4%	$29.65	3,281,356	11 Jul 2022	See Footnote	F7, F8

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $27.00 to $27.93, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth herein.
F2	The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $28.00 to $28.995, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth herein.
F3	The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $29.00 to $29.99, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth herein.
F4	The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $30.00 to $30.25, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth herein.
F5	The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $27.38 to $28.37, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth herein.
F6	The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $28.38 to $29.375, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth herein.
F7	The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $29.38 to $29.93, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth herein.
F8	The securities to which this filing relates are held directly by certain funds and/or accounts to which Kimmeridge Energy Management Company, LLC, a Delaware limited liability company (the "Reporting Person"), directly or indirectly, acts as the investment adviser. The filing of this statement shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. The Reporting Person expressly disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein.