D. Clay Bretches - 01 Feb 2022 Form 4 Insider Report for APA Corp (APA)

Role: Exec. VP, Operations
Signature: Raj Sharma, Attorney-in-Fact
Issuer symbol: APA
Transactions as of: 01 Feb 2022
Net transactions value: -$403,538
Form type: 4
Filing time: 03 Feb 2022, 15:06:46 UTC
Previous filing: 01 Feb 2022
Next filing: 24 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	APA	Common Stock	Options Exercise		+8,343	+38%		30,352	01 Feb 2022	Direct	F1
transaction	APA	Common Stock	Disposed to Issuer	$289,586	-8,343	-27%	$34.71	22,009	01 Feb 2022	Direct	F1
transaction	APA	Common Stock	Options Exercise	$0	+8,343	+38%	$0.000000	30,352	01 Feb 2022	Direct	F2
transaction	APA	Common Stock	Tax liability	$113,953	-3,283	-11%	$34.71	27,069	01 Feb 2022	Direct	F3, F4

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	APA	Restricted Stock / Units	Options Exercise	$0	-8,343	-8.2%	$0.000000	93,110	01 Feb 2022	Common Stock	8,343	$0.000000	Direct	F1, F5, F6
transaction	APA	Restricted Stock / Units	Options Exercise	$0	-8,343	-9%	$0.000000	84,767	01 Feb 2022	Common Stock	8,343	$0.000000	Direct	F2, F5, F7

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit is the economic equivalent of one share of the Issuer's common stock and can only be settled in cash.
F2	Vesting on 02/01/2022 of restricted stock units under the employer plan. Vesting occurs ratably over three years.
F3	Shares withheld to cover required tax withholding on vesting of restricted stock.
F4	Table does not reflect vesting on 02/01/2022 of 3,685 performance restricted stock units granted under the employer plan and tied solely to Altus Midstream Company's Class A common stock price. The restricted stock units can be settled only in cash and vesting occurs ratably over three years.
F5	With tandem tax withholding right.
F6	Vesting on 02/01/2022 of cash-based restricted stock units under employer plan. Vesting occurs ratably over three years.
F7	One share of APA common stock for each restricted stock unit.