Samik Mukherjee - Mar 12, 2024 Form 3 Insider Report for TELLURIAN INC. /DE/ (TELL)

Signature
/s/ Meredith Mouer under Power of Attorney by Samik Mukherjee
Stock symbol
TELL
Transactions as of
Mar 12, 2024
Transactions value $
$0
Form type
3
Date filed
3/22/2024, 07:25 PM
Next filing
Oct 8, 2024

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
holding TELL Restricted Stock Units Mar 12, 2024 Common Stock 500K 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 The restricted stock units ("RSUs") vest as follows: (i) 166,666 units upon the affirmative final investment decision by the board of directors of Tellurian Inc. ("Tellurian" or the "Issuer") with respect to the Driftwood LNG project (the "FID Date"), (ii) 166,667 units upon the one-year anniversary of the FID Date, and (iii) 166,667 units upon the two-year anniversary of the FID Date.
F2 Subject to certain exceptions set forth in the Reporting Person's RSU agreement pursuant to the Tellurian Inc. Amended and Restated 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, the Reporting Person shall forfeit to the Issuer, without compensation, any RSUs that are unvested as of the date of such Termination of Service;
F3 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 RSU agreement), in either case following the six-month anniversary of the Reporting Person's commencement of employment with the Issuer and while any of the RSUs are unvested, the RSUs shall not be forfeited and instead shall remain outstanding and eligible to vest, without regard to the requirement of the Reporting Person's continued employment or other service through the date of vesting, subject to certain conditions set forth in the Reporting Person's RSU agreement.
F4 Each RSU represents a contingent right to receive upon vesting one share of Tellurian common stock, cash of equal value, or a combination of both.

Remarks:

President, Tellurian Investments Exhibit List: Exhibit 24.1--Power of Attorney