Joseph DeWoody - 30 Jun 2023 Form 4 Insider Report for Next Bridge Hydrocarbons, Inc.

Role: PRESIDENT, Director
Signature: /s/ Clifton DuBose, Jr., attorney-in-fact
Issuer symbol: N/A
Transactions as of: 30 Jun 2023
Net transactions value: $0
Form type: 4
Filing time: 05 Jul 2023, 20:32:54 UTC
Previous filing: 08 Mar 2023
SEC: View on sec.gov

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		Employee Stock Option	Disposed to Issuer	$0	-1,654,722	-50%	$0.000000	1,654,722	30 Jun 2023	Common Stock	1,654,722	$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.