Khaled Sharafeldin - Jun 1, 2021 Form 4 Insider Report for TELLURIAN INC. /DE/ (TELL)

Role: Chief Accounting Officer
Signature: /s/ Daniel Belhumeur under Power of Attorney by Khaled Sharafeldin
Stock symbol: TELL
Transactions as of: Jun 1, 2021
Transactions value $: -$23,347
Form type: 4
Date filed: 6/3/2021, 06:02 PM
Next filing: Jul 6, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TELL	Common Stock	Options Exercise		+16.4K	+2.23%		752K	Jun 3, 2021	Direct	F1
transaction	TELL	Common Stock	Tax liability	-$23.3K	-4.86K	-0.65%	$4.80	747K	Jun 3, 2021	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	TELL	Restricted Stock Units	Options Exercise	$0	-20K	-33.33%	$0.00	39.9K	Jun 1, 2021	Common Stock	20K		Direct	F1, F2, F3, F4

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

Explanation of Responses:

Id	Content
F1	As reported in the Reporting Person's Form 4 filed on August 6, 2020, each restricted stock unit represents a contingent right to receive on or within thirty days after vesting one share of common stock of Tellurian Inc. ("Tellurian" or the "Issuer"), cash of equal value, or a combination of both.
F2	On August 4, 2020, the Reporting Person was granted 239,669 restricted stock units which, subject to the Reporting Person's continued employment or other service to Tellurian and its subsidiaries through the applicable vesting dates, vest as follows: 19,972 units on each of September 1, 2020, October 1, 2020, November 1, 2020, December 1, 2020, January 1, 2021, February 1, 2021, and March 1, 2021 and 19,973 units on each of April 1, 2021, May 1, 2021, June 1, 2021, July 1, 2021, and August 1, 2021.
F3	Subject to certain exceptions set forth in the Reporting Person's restricted stock unit agreement pursuant to the Amended and Restated Tellurian Inc. 2016 Omnibus Incentive Compensation Plan (as amended and restated from time to time, the "2016 Tellurian Plan"), if the Reporting Person experiences a Termination of Service (as defined in the 2016 Tellurian Plan) for any reason, then the Reporting Person must forfeit to the Issuer, without compensation, any restricted stock units that are unvested as of the date of such Termination of Service; provided, however, that in the event the Reporting Person experiences a Termination of Service due to his death or Disability (as defined in the 2016 Tellurian Plan) or by the Issuer without Cause (as defined in the Reporting Person's restricted stock unit agreement),
F4	(Continued from footnote 3) all restricted stock units that are unvested as of the date of such Termination of Service must remain outstanding and be subject to vesting as if the Reporting Person has not experienced a Termination of Service, subject to certain conditions set forth in the Reporting Person's restricted stock unit agreement.