M. Bruce Chernoff - 07 Mar 2025 Form 4 Insider Report for Vitesse Energy, Inc. (VTS)

Role
Director
Signature
/s/ M. Scott Regan, as attorney-in-fact for M. Bruce Chernoff
Issuer symbol
VTS
Transactions as of
07 Mar 2025
Net transactions value
$0
Form type
4
Filing time
11 Mar 2025, 16:16:17 UTC
Next filing
02 May 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VTS Common Stock Award +2,523 2,523 07 Mar 2025 Direct F1
transaction VTS Common Stock Award $0 +760 +30% $0.000000 3,283 10 Mar 2025 Direct F2
transaction VTS Common Stock Award +1,487,944 1,487,944 07 Mar 2025 By Hawthorne Energy Ltd. F1, F3, F4
transaction VTS Common Stock Award +211,686 211,686 07 Mar 2025 By Kai Commercial Trust F1, F3, F5
transaction VTS Common Stock Award +409 409 07 Mar 2025 By Alpine Capital Corp. F1, F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Acquired as a result of the business combination transaction between Vitesse Energy, Inc. ("Vitesse") and Lucero Energy Corp. ("Lucero") contemplated by that certain Arrangement Agreement, dated as of December 15, 2024 (the "Arrangement Agreement"), between Vitesse and Lucero. Pursuant to the Arrangement Agreement, each common share of Lucero was converted into the right to receive 0.01239 shares of Vitesse common stock, par value $0.01 per share.
F2 Represents unvested restricted stock units, each of which represents a contingent right to receive one share of Vitesse common stock. The restricted stock units will vest on the day prior to Vitesse's 2025 Annual Meeting of Stockholders, subject to continued service through the vesting date, and will be settled in shares of Vitesse common stock following the vesting date unless such settlement is deferred by the director.
F3 The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
F4 The reporting person is a significant shareholder of Hawthorne Energy Ltd.
F5 The reporting person is a majority unitholder of Kai Commercial Trust.
F6 The reporting person is a significant shareholder of Alpine Capital Corp.