J. Russell Porter - Aug 19, 2021 Form 3 Insider Report for CENAQ Energy Corp. (VGAS)

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
holding	VGAS	Class B Common Stock, par value $0.0001 per share							Aug 19, 2021	Class A Common Stock	3.49M	$0.00	See footnote	F1, F2, F3
holding	VGAS	Warrants							Aug 19, 2021	Class A Common Stock	4.95M	$11.50	See footnote	F2, F3

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

Id	Content
F1	The shares of Class B common stock are convertible into shares of the Issuer's Class A common stock on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights and have no expiration date.
F2	CENAQ Sponsor, LLC is the record holder of the shares reported herein. John B. Connally III, J. Russell Porter, and Michael J. Mayell are the members of the board of managers of CENAQ Sponsor, LLC. As such, they may be deemed to have or share beneficial ownership of the Class B common stock and Warrants held directly by CENAQ Sponsor, LLC. Each such person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly.
F3	Each whole warrant entitles the holder to purchase one share of Class A common stock at a price of $11.50 per share, subject to adjustment as described in the prospectus, and only whole warrants are exercisable. The warrants will become exercisable on the later of 30 days after the completion of the initial business combination or 12 months from the closing of the initial public offering, and will expire five years after the completion of the initial business combination or earlier upon redemption or liquidation, as described in the prospectus.