Joel Broussard - Apr 30, 2022 Form 4 Insider Report for U.S. WELL SERVICES, INC. (USWS)

Role: Director, Chairman of the Board
Signature: /s/ Erin C. Simonson, Attorney-in-Fact
Stock symbol: USWS
Transactions as of: Apr 30, 2022
Transactions value $: $0
Form type: 4
Date filed: 5/3/2022, 06:01 PM
Previous filing: Mar 16, 2022

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	USWS	Restricted Stock Unit	Award	$0	+1.14M	+718.48%	$0.00	1.3M	Apr 30, 2022	Class A Common Stock	1.14M		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock.
F2	Represents a grant of Restricted Stock Units on April 30, 2022 (the "Grant Date"), of which (i) one-half will vest six months from the Grant Date and (ii) one-half will vest eighteen months from the Grant Date. The right to receive shares of Class A common stock, par value $0.0001 ("Common Stock") in settlement of the award is conditioned upon the Issuer receiving stockholder approval, and in the event such stockholder approval is not received, and the Issuer lacks sufficient shares of Common Stock under the U.S. Well Services, Inc. 2018 Amended & Restated Stock Incentive Plan to satisfy the award in full, the award will be solely settled in cash and no Common Stock will be issued.

Content

Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock.

Represents a grant of Restricted Stock Units on April 30, 2022 (the "Grant Date"), of which (i) one-half will vest six months from the Grant Date and (ii) one-half will vest eighteen months from the Grant Date. The right to receive shares of Class A common stock, par value $0.0001 ("Common Stock") in settlement of the award is conditioned upon the Issuer receiving stockholder approval, and in the event such stockholder approval is not received, and the Issuer lacks sufficient shares of Common Stock under the U.S. Well Services, Inc. 2018 Amended & Restated Stock Incentive Plan to satisfy the award in full, the award will be solely settled in cash and no Common Stock will be issued.