Silver Point Capital L.P. - May 23, 2024 Form 4 Insider Report for GULFPORT ENERGY CORP (GPOR)

Signature
/s/ Steven Weiser, Authorized Signatory on behalf of Silver Point Capital, L.P.
Stock symbol
GPOR
Transactions as of
May 23, 2024
Transactions value $
$0
Form type
4
Date filed
5/28/2024, 06:43 PM
Previous filing
Mar 21, 2024
Next filing
Sep 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPOR Common Stock Award $0 +964 +11.33% $0.00 9.47K May 23, 2024 See footnote F1
holding GPOR Common Stock 5.2M May 23, 2024 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of 964 time based restricted shares to David Reganato, a director of the Issuer and employee of Silver Point Capital, L.P. ("Silver Point"), that was awarded pursuant to the Issuer's 2021 Stock Incentive Plan. These restricted shares will vest in one installment on May 23, 2025. Mr. Reganato has an understanding with Silver Point pursuant to which he holds shares for the benefit of Silver Point and certain of its affiliates. Accordingly, Mr. Reganato disclaims beneficial ownership of the shares except to the extent of his pecuniary interest therein. This transaction is exempt from Section 16(b) of the Securities Exchange Act of 1934 pursuant to Rule 16b-3 thereunder.
F2 Includes 24,410 shares of the Issuer's common stock distributed to the Reporting Persons as holders of claims relating to certain notes of the Issuer, which shares had been held in reserve and were contingent upon the resolution of certain legal proceedings.
F3 Silver Point or its wholly owned subsidiaries are the investment managers of Silver Point Capital Fund, L.P., Silver Point Capital Offshore Master Fund, L.P., Silver Point Distressed Opportunities Fund, L.P., Silver Point Distressed Opportunities Offshore Master Fund, L.P., Silver Point Distressed Opportunity Institutional Partners, L.P. and Silver Point Distressed Opportunity Institutional Partners Master Fund (Offshore), L.P. (the "Funds") and, by reason of such status, may be deemed to be the beneficial owner of all of the reported securities held by the Funds. Silver Point Capital Management, LLC ("Management") is the general partner of Silver Point and as a result may be deemed to be the beneficial owner of all securities held by the Funds.
F4 Messrs. Edward A. Mule and Robert J. O'Shea are each members of Management and as a result may be deemed to be the beneficial owner of all of the securities held by the Funds. Silver Point, Management and Messrs. Mule and O'Shea disclaim beneficial ownership of the reported securities held by Funds except to the extent of their pecuniary interests.