Justin Jacobs - Jan 29, 2024 Form 4 Insider Report for NATURAL GAS SERVICES GROUP INC (NGS)

Role
Director
Signature
Justin Jacobs
Stock symbol
NGS
Transactions as of
Jan 29, 2024
Transactions value $
$0
Form type
4
Date filed
1/31/2024, 09:27 PM
Previous filing
Jul 25, 2023
Next filing
May 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding NGS Common Stock 9.47K Jan 29, 2024 See Footnote #1 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
transaction NGS Restricted Stock Units Award $0 +31.4K $0.00 31.4K Jan 29, 2024 Common Stock 31.4K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units ("RSUs") that were granted by the issuer to the Reporting Person as compensation for serving as a member of the issuer's board of directors. Pursuant to a pre-existing contractual obligation, Mill Road Capital Management, LLC, a prior affiliate of the Reporting Person has the right to receive the economic benefit of the reported shares and, accordingly, the Reporting Person has no direct pecuniary interest in such shares. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein, if any.
F2 Not Applicable. Each RSU represents the right to receive one share of Common Stock upon vesting without payment.
F3 Not Applicable. The acquisition reflects an award of Restricted Stock Units pursuant the the Company's 2019 Equity Incentive Plan. The award vests in one-third annual increments beginning on January 29, 2025, subject to accelerated vesting under certain circumstances.