Richard Sherrill - Mar 5, 2024 Form 4 Insider Report for TALOS ENERGY INC. (TALO)

Role: Director
Signature: /s/ William S. Moss III, attorney-in-fact
Stock symbol: TALO
Transactions as of: Mar 5, 2024
Transactions value $: -$47,283
Form type: 4
Date filed: 3/7/2024, 04:42 PM
Previous filing: Mar 7, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TALO	Common Stock	Options Exercise		+9.07K	+19.01%		56.7K	Mar 5, 2024	Direct	F1
transaction	TALO	Common Stock	Disposed to Issuer	-$47.3K	-3.63K	-6.39%	$13.04	53.1K	Mar 5, 2024	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	TALO	Restricted Stock Units	Options Exercise	$0	-9.07K	-100%	$0.00^*	0	Mar 5, 2024	Common Stock	9.07K		Direct	F1
transaction	TALO	Restricted Stock Units	Award	$0	+12.5K		$0.00	12.5K	Mar 5, 2024	Common Stock	12.5K		Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	The restricted stock units ("RSUs") were granted on March 5, 2023 and vested on March 5, 2024. The RSUs represent the economic equivalent of one share of common stock, par value $0.01 per share (a "Share") of Talos Energy Inc. The RSUs were granted pursuant to the Talos Energy Inc. 2021 Long Term Incentive Plan (the "LTIP"). Pursuant to the terms of the award agreement, 60% of the RSUs were settled in Shares and 40% were settled in cash.
F2	The RSUs were granted pursuant to the LTIP and represent a contingent right to receive 60% of such RSUs in Shares and 40% of such RSUs in cash if no settlement election was made to receive 100% in Shares.
F3	The RSUs will vest, contingent upon continued service, on March 5, 2025. Vested Shares and/or cash will be delivered to the reporting person on the date provided in such person's deferral election or the vesting date if no such election was made.