Simon George Oxley - Jun 1, 2023 Form 4 Insider Report for TELLURIAN INC. /DE/ (TELL)

Role
CFO
Signature
/s/ Daniel Belhumeur under Power of Attorney by Simon George Oxley
Stock symbol
TELL
Transactions as of
Jun 1, 2023
Transactions value $
-$67,547
Form type
4
Date filed
6/2/2023, 06:12 PM
Next filing
Oct 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TELL Common Stock Award $0 +400K $0.00 400K Jun 1, 2023 Direct F1
transaction TELL Common Stock Tax liability -$67.5K -55.4K -13.84% $1.22 345K Jun 1, 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 TELL Restricted Stock Units Award $0 +200K $0.00 200K Jun 1, 2023 Common Stock 200K Direct F2, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This amount includes (a) 200,000 shares of common stock of Tellurian Inc. ("Tellurian") and (b) 200,000 shares of restricted stock of Tellurian that will vest upon the affirmative final investment decision by the board of directors of Tellurian with respect to the Driftwood LNG project (the "FID Date").
F2 Each restricted stock unit represents a contingent right to receive one share of common stock of Tellurian, cash of equal value, or a combination of both. Pursuant to the Reporting Person's restricted stock unit agreement under the Tellurian Inc. Amended and Restated 2016 Omnibus Incentive Compensation Plan, each restricted stock unit must be settled no later than 30 days after the date of vesting.
F3 The restricted stock units vest as follows: (i) 66,666 units upon the FID Date, (ii) 66,667 units upon the one-year anniversary of the FID Date, and (iii) 66,667 units upon the two-year anniversary of the FID Date.
F4 In the event that, following the six-month anniversary of the Reporting Person's commencement of employment with Tellurian or its affiliates, the Reporting Person's employment is terminated due to the Reporting Person's death or disability, or by Tellurian without "Cause" (as defined in the restricted stock unit agreement), any unvested restricted stock units will remain outstanding and eligible to vest based on the original vesting schedule, provided that if the FID Date has not occurred as of the date of the Reporting Person's termination of employment and does not occur within one year following such termination, any unvested restricted stock units will be forfeited.
F5 In addition, in the event that the Reporting Person's employment with Tellurian or its affiliates is terminated by Tellurian without Cause within one year following a "Change of Control" (as defined in the restricted stock unit agreement) that is not a "100% Change of Control" (as defined in the restricted stock unit agreement), all unvested restricted stock units will fully vest as of the date of such termination. Upon the occurrence of a 100% Change of Control, all outstanding and unvested restricted stock units will immediately vest in full as of the date of such 100% Change of Control.