Joshua Shapiro - 30 Apr 2022 Form 4 Insider Report for U.S. WELL SERVICES, INC.

Role: Chief Financial Officer
Signature: /s/ Erin C. Simonson, Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 30 Apr 2022
Net transactions value: $0
Form type: 4
Filing time: 20 May 2022, 21:00:24 UTC
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	Ownership	Footnotes
transaction	USWS	Deferred Stock Units	Award	$0	+107,892		$0.000000	107,892	14 May 2021	Class A Common Stock	107,892	Direct	F1, F2
transaction	USWS	Deferred Stock Unit	Award	$0	+12,331	+11%	$0.000000	120,223	16 Aug 2021	Class A Common Stock	12,331	Direct	F1, F2
transaction	USWS	Deferred Stock Units	Award	$0	+500,000	+416%	$0.000000	620,223	30 Apr 2022	Class A Common Stock	500,000	Direct	F1, F2

* 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.

Content

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").

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.