Noam Lockshin - 16 May 2023 Form 4 Insider Report for Sitio Royalties Corp. (STR)

Role: Director
Signature: /s/ Noam Lockshin, by Brett S. Riesenfeld as Attorney-in-Fact
Issuer symbol: STR
Transactions as of: 16 May 2023
Net transactions value: $0
Form type: 4
Filing time: 18 May 2023, 16:38:43 UTC
Previous filing: 03 Jan 2023
Next filing: 14 May 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	STR	Class A Common Stock	Award	$0	+11,710	+112%	$0.000000	22,141	16 May 2023	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Represents deferred share units ("DSUs") granted to the reporting person pursuant to the Sitio Royalties Corp. Long Term Incentive Plan (the "LTIP"). Each DSU represents a contingent right to receive one share of Sitio Royalties Corp.'s Class A common stock, par value $0.0001 per share ("Common Stock"). The DSUs will vest in four equal quarterly installments over the one-year period following May 16, 2023, subject to the reporting person's continuous service through each such date. Following vesting, the shares of Common Stock underlying the DSUs will be delivered to the reporting person as soon as administratively practicable following the date that the reporting person's service relationship with the issuer is terminated for any reason.

Content

Represents deferred share units ("DSUs") granted to the reporting person pursuant to the Sitio Royalties Corp. Long Term Incentive Plan (the "LTIP"). Each DSU represents a contingent right to receive one share of Sitio Royalties Corp.'s Class A common stock, par value $0.0001 per share ("Common Stock"). The DSUs will vest in four equal quarterly installments over the one-year period following May 16, 2023, subject to the reporting person's continuous service through each such date. Following vesting, the shares of Common Stock underlying the DSUs will be delivered to the reporting person as soon as administratively practicable following the date that the reporting person's service relationship with the issuer is terminated for any reason.