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

Role: Chief Financial Officer
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: 5/20/2022, 09:00 PM

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	+108K		$0.00	108K	May 14, 2021	Class A Common Stock	108K	Direct	F1, F2
transaction	USWS	Deferred Stock Unit	Award	$0	+12.3K	+11.43%	$0.00	120K	Aug 16, 2021	Class A Common Stock	12.3K	Direct	F1, F2
transaction	USWS	Deferred Stock Units	Award	$0	+500K	+415.89%	$0.00	620K	Apr 30, 2022	Class A Common Stock	500K	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.