Justin Jacobs - Jul 21, 2023 Form 4 Insider Report for NATURAL GAS SERVICES GROUP INC (NGS)

Role: Director
Signature: /s/ Justin C. Jacobs
Stock symbol: NGS
Transactions as of: Jul 21, 2023
Transactions value $: $136,500
Form type: 4
Date filed: 7/25/2023, 07:11 PM
Previous filing: May 11, 2023
Next filing: Jan 31, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NGS	Common Stock	Exercise of in-the-money or at-the-money derivative security	$137K	+9.1K	+1%	$15.00	922K	Jul 21, 2023	See footnote	F1
holding	NGS	Common Stock						9.47K	Jul 21, 2023	Direct

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	NGS	Put Option (obligation to buy)	Exercise of in-the-money or at-the-money derivative security	$0	-91	-100%	$0.00^*	0	Jul 21, 2023	Common Stock	9.1K	$15.00	See footnote	F1

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

Explanation of Responses:

Id	Content
F1	The shares reported are directly held by Mill Road Capital III, L.P. (the "Fund"). The Reporting Person is a management committee director of Mill Road Capital III GP LLC (the "GP"), which is the sole general partner of the Fund and has sole authority to vote (or direct the vote of), and to dispose (or direct the disposal) of, these shares on behalf of the Fund. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein, if any.

Content

The shares reported are directly held by Mill Road Capital III, L.P. (the "Fund"). The Reporting Person is a management committee director of Mill Road Capital III GP LLC (the "GP"), which is the sole general partner of the Fund and has sole authority to vote (or direct the vote of), and to dispose (or direct the disposal) of, these shares on behalf of the Fund. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein, if any.