Eric D. Long - Feb 22, 2024 Form 4 Insider Report for USA Compression Partners, LP (USAC)

Signature
/s/ Eric D. Long
Stock symbol
USAC
Transactions as of
Feb 22, 2024
Transactions value $
-$399,265
Form type
4
Date filed
2/26/2024, 09:07 PM
Previous filing
Feb 21, 2024
Next filing
Feb 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction USAC Common Units Sale -$171K -6.96K -1.87% $24.53 365K Feb 22, 2024 Direct F1, F2, F3
transaction USAC Common Units Sale -$229K -9.33K -2.55% $24.50 356K Feb 23, 2024 Direct F1, F3, F4
holding USAC Common Units 23.2K Feb 22, 2024 By Alex B Long Trust F3, F5
holding USAC Common Units 33.2K Feb 22, 2024 By Adam Ericson Long Trust F3, F5
holding USAC Common Units 17.6K Feb 22, 2024 By Aladdin Partners, L.P. F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person on November 13, 2023.
F2 Represents the weighted average unit price of an aggregate total of 6,959 common units sold in the price range of $24.50 to $24.76 by the Reporting Person. The Reporting Person undertakes to provide upon request by the Securities and Exchange Commission staff, USA Compression Partners, LP (the "Issuer"), or a security holder of the Issuer, full information regarding the number of common units sold at each separate price.
F3 Includes common units acquired under the Issuer's Distribution Reinvestment Plan.
F4 Represents the weighted average unit price of an aggregate total of 9,329 common units sold in the price range of $24.50 to $24.53 by the Reporting Person. The Reporting Person undertakes to provide upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of common units sold at each separate price.
F5 Common units held by each of the Alex B. Long Trust and the Adam Ericson Long Trust, of which the Reporting Person is the trustee under agreements dated April 17, 2007.

Remarks:

The Reporting Person is the President, Chief Executive Officer and Director of USA Compression GP, LLC, the general partner of the Issuer (the "General Partner"). The Issuer is managed by the directors and executive officers of the General Partner.