Joseph DeWoody - Jun 30, 2023 Form 4 Insider Report for Next Bridge Hydrocarbons, Inc. (NONE)

Role
PRESIDENT, Director
Signature
/s/ Clifton DuBose, Jr., attorney-in-fact
Stock symbol
NONE
Transactions as of
Jun 30, 2023
Transactions value $
$0
Form type
4
Date filed
7/5/2023, 08:32 PM
Previous filing
Mar 8, 2023

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 NONE Employee Stock Option Disposed to Issuer $0 -1.65M -50% $0.00 1.65M Jun 30, 2023 Common Stock 1.65M $1.21 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Joseph DeWoody is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represents the forfeiture of performance-based stock options granted to the reporting person on March 6, 2023 that would have been eligible to vest on December 14, 2023. Upon grant, the total option amount was reported in Table II of Form 4 filed March 8, 2023. Effective as of the reporting person's resignation on June 30, 2023, the Company cancelled the options.