Jonathan Curth - 01 Jan 2023 Form 4 Insider Report for W&T OFFSHORE INC (WTI)

Role: EVP,Gen Counsel&Corp Secretary
Signature: /s/ Jonathan Curth
Issuer symbol: WTI
Transactions as of: 01 Jan 2023
Transactions value $: -$13,181
Form type: 4
Filing time: 04 Jan 2023, 17:58:26 UTC
Previous filing: 21 Jun 2022
Next filing: 07 Jun 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WTI	Common Stock	Options Exercise		+5.83K			5.83K	01 Jan 2023	Direct	F1, F2
transaction	WTI	Common Stock	Tax liability	-$13.2K	-2.61K	-44.65%	$5.06	3.23K	01 Jan 2023	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	WTI	Restricted Stock Units	Options Exercise	$0	-5.83K	-33.33%	$0.00	11.7K	01 Jan 2023	Common Stock	5.83K		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	On January 1, 2023, reporting person's 4,076 restricted stock units, which were granted on June 20, 2022 vested, and the reporting person received 4,076 shares of common stock. This represents the vesting of the first tranche of the grant.
F2	Each restricted stock unit represents a contingent right to receive one share of common stock or its cash equivalent, as determined at the time of settlement by WTI. Each grant of restricted stock units vests in three installments.