Edenbrook Capital, LLC - Sep 3, 2021 Form 4 Insider Report for PHX MINERALS INC. (PHX)

Role
10%+ Owner
Signature
Edenbrook Capital, LLC; By: /s/ Jonathan Brolin, Managing Member
Stock symbol
PHX
Transactions as of
Sep 3, 2021
Transactions value $
$120,785
Form type
4
Date filed
9/8/2021, 04:38 PM
Previous filing
Sep 2, 2021
Next filing
Sep 8, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PHX Class A Common Stock Purchase $13.2K +5.52K +0.11% $2.40 4.89M Sep 3, 2021 See footnotes F1
transaction PHX Class A Common Stock Purchase $82.1K +33.5K +0.69% $2.45 4.92M Sep 3, 2021 See footnotes F1
transaction PHX Class A Common Stock Purchase $2.74K +1.13K +0.02% $2.43 4.92M Sep 7, 2021 See footnotes F1
transaction PHX Class A Common Stock Purchase $22.7K +9.35K +0.19% $2.43 4.93M Sep 8, 2021 See footnotes F1

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
holding PHX Put Option (Obligation to Buy) 2.1K Sep 3, 2021 Class A Common Stock 210K $2.50 See Footnotes F1, F2
holding PHX Put Option (Obligation to Buy) 2.1K Sep 3, 2021 Class A Common Stock 210K $2.50 See Footnotes F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The securities reported herein are held in the accounts of private funds. Edenbrook Capital, LLC may be deemed to be a beneficial owner of such securities by virtue of its role as the investment manager of such private funds. Jonathan Brolin may be deemed to be a beneficial owner of such securities by virtue of his role as managing member of Edenbrook Capital, LLC. Each Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of its pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 for any other purpose.
F2 The private funds managed by Edenbrook Capital, LLC wrote 4,200 put option contracts expiring in November 2021 which provide that the private funds will be required to purchase shares of Common Stock at the stated strike price if the counterparty exercises such option.