David E. Sheppard - Jun 1, 2022 Form 3 Insider Report for DENBURY INC (DEN)

Role: EVP and COO
Signature: /s/ Robbie Hudson, attorney-in-fact for Mr. Sheppard
Stock symbol: DEN
Transactions as of: Jun 1, 2022
Transactions value $: $0
Form type: 3
Date filed: 6/6/2022, 04:48 PM
Next filing: Dec 6, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	DEN	Common Stock						141K	Jun 1, 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
holding	DEN	Series B Warrants (Right to Buy)							Jun 1, 2022	Common Stock	347	$35.41	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Represents 22,640 restricted stock units ("RSUs") that vested on December 4, 2021; 23,344 RSUs that vest on December 4, 2022; 23,344 RSUs that vest on December 4, 2023; and 67,817 performance stock units ("PSUs") that vested on March 3, 2021. Each RSU and PSU represents a contingent right to receive one share of common stock, par value $0.001 per share (the "Common Stock"), of the Issuer. Subject to certain conditions, the RSUs and PSUs will be settled in shares of Common Stock within 30 days following December 4, 2023. Represents 3,979 restricted shares that will vest 34%, 33% and 33% on March 7, 2023, 2024 and 2025, respectively.
F2	Represents series B warrants (the "Series B Warrants") to purchase shares of Common Stock. The Series B Warrants are exercisable for one share of Common Stock from the date of issuance until 5:00 p.m., New York time, on the expiration date.

Content

Represents 22,640 restricted stock units ("RSUs") that vested on December 4, 2021; 23,344 RSUs that vest on December 4, 2022; 23,344 RSUs that vest on December 4, 2023; and 67,817 performance stock units ("PSUs") that vested on March 3, 2021. Each RSU and PSU represents a contingent right to receive one share of common stock, par value $0.001 per share (the "Common Stock"), of the Issuer. Subject to certain conditions, the RSUs and PSUs will be settled in shares of Common Stock within 30 days following December 4, 2023. Represents 3,979 restricted shares that will vest 34%, 33% and 33% on March 7, 2023, 2024 and 2025, respectively.

Represents series B warrants (the "Series B Warrants") to purchase shares of Common Stock. The Series B Warrants are exercisable for one share of Common Stock from the date of issuance until 5:00 p.m., New York time, on the expiration date.