Larry D. McVay - 14 May 2022 Form 4 Insider Report for Callon Petroleum Co

Role: Director
Signature: /s/ Larry D. McVay, by Leisa Munoz, as Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 14 May 2022
Net transactions value: $0
Form type: 4
Filing time: 16 May 2022, 16:24:53 UTC
Previous filing: 25 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CPE	Common Stock	Options Exercise	$0	+3,240	+15%	$0.000000	24,374	14 May 2022	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	CPE	2021 RSU - Stock	Options Exercise		-3,240	-100%		0	14 May 2022	Common Stock	3,240		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
F2	On May 14, 2021, the reporting person was granted 3,240 RSUs that vested in full on the earlier of (i) the first anniversary of the grant date or (ii) the date of the Company's 2022 Annual Meeting of Shareholders.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney