Christian S. Kendall - 29 Aug 2023 Form 4 Insider Report for DENBURY INC

Role: President and CEO, Director
Signature: /s/ Robbie Hudson, attorney-in-fact for Mr. Kendall
Issuer symbol: N/A
Transactions as of: 29 Aug 2023
Net transactions value: +$76,450
Form type: 4
Filing time: 31 Aug 2023, 17:17:44 UTC
Previous filing: 14 Jul 2023
Next filing: 17 Oct 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DEN	Common Stock	Options Exercise	$76,450	+2,159	+0.28%	$35.41	772,835	29 Aug 2023	Direct

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	DEN	Series B Warrants (Right to Buy)	Options Exercise	$0	-3,568	-100%	$0.000000^*	0	29 Aug 2023	Common Stock	3,568	$35.41	Direct	F1

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

Explanation of Responses:

Id	Content
F1	On August 29, 2023, Mr. Kendall exercised his aggregate holdings of 3,568 Series B Warrants on a cashless basis at the exercise price of $35.41 per share, resulting in a net issuance to Mr. Kendall of 2,159 shares of Denbury Inc. common stock, in accordance with the Series B Warrant Agreement, dated September 18, 2020.