Kyle O'Neill - 14 May 2021 Form 4 Insider Report for U.S. WELL SERVICES, INC.

Signature
/s/ Erin C. Simonson, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
14 May 2021
Net transactions value
$0
Form type
4
Filing time
20 May 2022, 21:00:16 UTC
Next filing
16 Mar 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 Deferred Stock Units Award $0 +409,989 +629% $0.000000 475,148 14 May 2021 Class A Common Stock 409,989 Direct F1, F2
transaction USWS Deferred Stock Units Award $0 +28,669 +6% $0.000000 503,817 14 Aug 2021 Class A Common Stock 28,669 Direct F1, F2
transaction USWS Deferred Stock Units Award $0 +600,000 +137% $0.000000 1,038,658 30 Apr 2022 Class A Common Stock 600,000 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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").
F2 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.
F3 Reduced by 65,159 stock options forfeited for no consideration in May 2022.