Silver Point Capital L.P. - Dec 16, 2021 Form 4 Insider Report for GULFPORT ENERGY CORP (GPOR)

Role: Director, 10%+ Owner
Signature: /s/ James Kasmarcik, Authorized Signatory on behalf of Silver Point Capital, L.P.
Stock symbol: GPOR
Transactions as of: Dec 16, 2021
Transactions value $: $3,145,900
Form type: 4
Date filed: 12/20/2021, 06:51 PM
Previous filing: Oct 29, 2021
Next filing: Mar 30, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GPOR	Common Stock	Purchase	$1.41M	+20K	+0.22%	$70.37	9.13M	Dec 16, 2021	Direct	F1, F2, F3
transaction	GPOR	Common Stock	Purchase	$27.5K	+400	+0%	$68.75	9.13M	Dec 17, 2021	Direct	F1, F2, F3
transaction	GPOR	Common Stock	Purchase	$1.71M	+25K	+0.27%	$68.44	9.16M	Dec 20, 2021	Direct	F1, F2, F3
holding	GPOR	Common Stock						8.51K	Dec 16, 2021	See footnotes	F4

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

Explanation of Responses:

Id	Content
F1	Includes (i) up to 536,203 shares of the Issuer's common stock that may be distributed to the Reporting Persons upon satisfaction of certain unsecured creditors' claims in the Issuer (Docket Nos. 1291, 1294 and 1295 of In re Gulfport Energy Corporation, Chapter 11 Case No. 20-35562, filed in the United States Bankruptcy Court for the Southern District of Texas, Houston Division), and (ii) up to 368,714 shares of the Issuer's common stock that may be distributed to the Reporting Persons as holders of claims relating to certain notes of the Issuer, which shares have been held in reserve and are contingent upon the resolution of certain legal proceedings.
F2	Silver Point Capital, L.P. ("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. [cont.]
F3	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.
F4	Represents time based restricted shares to David Reganato, a director of the issuer and employee of Silver Point, that was awarded pursuant to issuer's 2021 Stock Incentive Plan. 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.