Excelerate Energy Holdings, LLC - Apr 18, 2022 Form 4 Insider Report for Excelerate Energy, Inc. (EE)

Role: 10%+ Owner
Signature: Excelerate Energy Holdings, LLC; By /s/ Kaiser-Francis Management Company, L.L.C., Manager; By /s/ Don P. Millican, President
Stock symbol: EE
Transactions as of: Apr 18, 2022
Transactions value $: -$10
Form type: 4
Date filed: 4/18/2022, 04:01 PM
Previous filing: Apr 12, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EE	Common Stock	Other	-$10	-1K	-100%	$0.01^*	0	Apr 18, 2022	Direct	F1, F2, F3
transaction	EE	Class B Common Stock	Other		+82M			82M	Apr 18, 2022	Direct	F2, F3, F4

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	EE	Class B Interests	Other		+82M			82M	Apr 18, 2022	Class A Common Stock	82M		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	In connection with the Issuer's initial public offering, the Issuer, Excelerate Energy Holdings, LLC ("EE Holdings") and Excelerate Energy Limited Partnership ("EELP") participated in a reorganization (the "Reorganization") pursuant to which the securities of the Issuer held by EE Holdings were repurchased by the Issuer.
F2	Represents shares held by EE Holdings.
F3	EE Holdings is owned 49.5% by Excelerate Holdings, LLC, an Oklahoma limited liability company ("Excelerate Holdings"), and 50.5% by George B. Kaiser. Excelerate Holdings is controlled by Mr. Kaiser, and he receives all of the pecuniary interest in Excelerate Holdings.
F4	In connection with the Reorganization, EE Holdings received 82,021,389 shares of Class B common stock of the Issuer and 82,021,389 Class B interests of EELP for no additional consideration. The shares of Class B common stock do not have any economic rights in the Issuer.
F5	Pursuant to the EELP Amended and Restated Limited Partnership Agreement entered into in connection with the Reorganization, the Class B interests of EELP are exchangeable, on a one-for-one basis, for shares of Class A common stock of the Issuer. Upon exchange of a Class B interest, the corresponding share of Class B common stock will be automatically canceled.