| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | GTE | COMMON STOCK | Sale | -$268K | -400K | -1.07% | $0.67 | 36.9M | Jun 1, 2021 | Direct | F1, F2, F3 |
| transaction | GTE | COMMON STOCK | Sale | -$82.1K | -121K | -0.33% | $0.68 | 36.8M | Jun 2, 2021 | Direct | F1, F2, F4 |
| Id | Content |
|---|---|
| F1 | This Form 4 is being jointly filed by Bay Resource Partners, L.P. (Bay), a Delaware limited partnership, Bay II Resource Partners, L.P. (Bay II), a Delaware limited partnership, Bay Resource Partners Offshore Master Fund, L.P. (Bay Offshore), an exempted limited partnership organized under the laws of the Cayman Islands, GMT Exploration Company LLC (GMT Exploration), a Delaware limited liability company, GMT Capital Corp., a Georgia corporation (GMT Capital), and Thomas E. Claugus (Claugus), a United States citizen. The foregoing persons are hereinafter sometimes collectively referred to as the Reporting Persons. |
| F2 | GMT Capital is the general partner of Bay and Bay II and has the power to direct the affairs of Bay and Bay II, including voting and disposition of shares. As the discretionary investment manager of Bay Offshore, GMT Capital has power to direct voting and disposition of shares held by Bay Offshore. Claugus is the President of GMT Capital and in that capacity, directs the operations of each of Bay and Bay II and voting and disposition of shares held by Bay Offshore. GMT Capital is also the non-discretionary manager of GMT Exploration through a separately managed account relationship. In addition, Claugus owns a controlling interest in GMT Exploration. GMT Capital and Claugus may be deemed to beneficially own indirect pecuniary interest as the result of performance-based fees and profit allocations. Each of GMT Capital and Claugus disclaims such beneficial ownership except to the extent ultimately realized. |
| F3 | The aggregate number of shares of common stock sold on June 01, 2021, was 400,000 shares, at a price of $0.67 per share, resulting in an aggregate number of shares owned by the Reporting Persons of 36,887,312. Such shares were sold, and thereafter beneficially owned by the Reporting Persons in the following amounts: Bay = 119,500 shares sold resulting in ownership of 10,676,490 shares; Bay II = 95,900 shares sold resulting in ownership of 8,671,030 shares; Offshore Fund = 168,700 shares sold resulting in ownership of 15,160,089 shares; GMT Capital = 0 shares sold resulting in ownership of 147,000 shares; Claugus = 15,900 shares sold resulting in ownership of 1,426,100 shares; GMT Exploration = 0 shares sold resulting in ownership of 806,603 shares. |
| F4 | The aggregate number of shares of common stock sold on June 02, 2021, was 120,700 shares, at a price of $0.68 per share, resulting in an aggregate number of shares owned by the Reporting Persons of 36,766,612. Such shares were sold, and thereafter beneficially owned by the Reporting Persons in the following amounts: Bay = 36,000 shares sold resulting in ownership of 10,640,490 shares; Bay II = 28,900 shares sold resulting in ownership of 8,642,130 shares; Offshore Fund = 51,000 shares sold resulting in ownership of 15,109,089 shares; GMT Capital = 0 shares sold resulting in ownership of 147,000 shares; Claugus = 4,800 shares sold resulting in ownership of 1,421,300 shares; GMT Exploration = 0 shares sold resulting in ownership of 806,603 shares. |