Riplee L. Parkening - Apr 1, 2024 Form 4 Insider Report for CSI Compressco LP (CCLP)

Role
Controller
Signature
/s/ Jonathan W. Byers, Attorney-in-Fact for Riplee L. Parkening
Stock symbol
CCLP
Transactions as of
Apr 1, 2024
Transactions value $
$0
Form type
4
Date filed
4/1/2024, 08:36 PM
Previous filing
Mar 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CCLP Common Units Representing Limited Partner Interests Disposed to Issuer -87.4K -100% 0 Apr 1, 2024 Direct F1, F2
transaction CCLP Common Units Representing Limited Partner Interests Disposed to Issuer -80.8K -100% 0 Apr 1, 2024 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Riplee L. Parkening is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 This Form 4 reports securities disposed of in connection with the Agreement and Plan of Merger (the "Merger Agreement"), dated as of December 19, 2023, by and among CSI Compressco LP (the "Partnership"), CSI Compressco GP LLC, Kodiak Gas Services, Inc. ("Kodiak"), Kodiak Gas Services, LLC, Kick Stock Merger Sub, LLC, Kick GP Merger Sub, LLC, and Kick LP Merger Sub, LLC.
F2 On April 1, 2024, pursuant to the Merger Agreement, each common unit representing limited partner interests in the Partnership ("Partnership Common Unit") beneficially owned by the Reporting Person was exchanged for 0.086 (the "Exchange Ratio") shares of Kodiak common stock, par value $0.01 ("Kodiak Common Stock"), with cash paid in lieu of the issuance of fractional shares.
F3 On April 1, 2024, pursuant to the Merger Agreement, (i) each unvested portion of a time-based phantom unit that was outstanding (including any underlying accumulated but not yet settled dividend equivalent rights) of the Partnership beneficially owned by the Reporting Person was assumed by Kodiak and converted into a time-based Kodiak restricted stock unit award in respect of the number of shares of Kodiak Common Stock (rounded to the nearest whole share) equal to (A) the number of Partnership Common Units subject to such unvested time-based phantom unit multiplied by (B) the Exchange Ratio, with cash paid in lieu of the issuance of fractional shares.