Joel Broussard - May 14, 2021 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
May 14, 2021
Transactions value $
$0
Form type
4
Date filed
5/20/2022, 09:00 PM
Next filing
Mar 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction USWS Class A Common Stock Disposed to Issuer $0 -61.4K -9.9% $0.00 559K May 20, 2022 Direct F1

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 Deferred Stock Units Award $0 +1.03M +78.87% $0.00 2.33M May 14, 2021 Class A Common Stock 1.03M Direct F2, F3
transaction USWS Deferred Stock Units Award $0 +71.8K +3.31% $0.00 2.24M Aug 16, 2021 Class A Common Stock 71.8K Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock was forfeited pursuant to a Forfeiture Agreement entered into by and between the Issuer and the Reporting Person.
F2 Each Deferred Stock Unit represents a contingent right to receive one share of the Issuer's Class A common stock, par value $0.0001 per share (the "Common Stock").
F3 The shares of Common Stock issuable with respect to vested Deferred Stock Units shall be issued in a lump sum on the earlier of the following dates and otherwise only as follows: (a) The 60th day after a termination of the Reporting Persons Continuous Service; (b) The consummation of a Change in Control (with such issuance deemed to occur as of immediately prior to such Change in Control to the extent permitted under Code Section 409A, but with the timing of such issuance otherwise determined by the Company); and (c) Upon the fifth (5th) anniversary of the Grant Date. Defined terms used but not defined herein shall have the meaning ascribed to such term in the Deferred Stock Unit Award Agreement.
F4 Reduced by 159,019 stock options forfeited for no consideration in May 2022.