Neal P. Goldman - May 14, 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: May 14, 2024
Transactions value $: -$31,099
Form type: 4
Date filed: 5/15/2024, 04:05 PM
Previous filing: Mar 7, 2024
Next filing: Sep 4, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TALO	Common Stock	Options Exercise		+6.26K	+15.09%		47.8K	May 14, 2024	Direct	F1
transaction	TALO	Common Stock	Disposed to Issuer	-$31.1K	-2.51K	-5.24%	$12.41	45.3K	May 14, 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	-6.26K	-100%	$0.00^*	0	May 14, 2024	Common Stock	6.26K		Direct	F1

* 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 May 21, 2018 and vested on May 14, 2019. The reporting person elected to defer settlement to the five-year anniversary of the vesting date. 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. Pursuant to the terms of the award agreement, 60% of the RSUs were settled in Shares and 40% were settled in cash.

Content

The restricted stock units ("RSUs") were granted on May 21, 2018 and vested on May 14, 2019. The reporting person elected to defer settlement to the five-year anniversary of the vesting date. 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. Pursuant to the terms of the award agreement, 60% of the RSUs were settled in Shares and 40% were settled in cash.