Mark A. Pytosh - Dec 8, 2021 Form 4 Insider Report for CVR ENERGY INC (CVI)

Role: EVP - Corporate Services
Signature: /s/ Mark A. Pytosh
Stock symbol: CVI
Transactions as of: Dec 8, 2021
Transactions value $: -$271,906
Form type: 4
Date filed: 12/10/2021, 03:16 PM
Previous filing: Nov 17, 2021
Next filing: Dec 15, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CVI	Common Stock	Options Exercise	$0	+3.21K		$0.00	3.21K	Dec 8, 2021	Direct	F1, F2
transaction	CVI	Common Stock	Disposed to Issuer	-$52.1K	-3.21K	-100%	$16.24	0	Dec 8, 2021	Direct	F1, F3
transaction	CVI	Common Stock	Options Exercise	$0	+13.5K		$0.00	13.5K	Dec 8, 2021	Direct	F2, F4
transaction	CVI	Common Stock	Disposed to Issuer	-$220K	-13.5K	-100%	$16.24	0	Dec 8, 2021	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	CVI	Incentive Units	Options Exercise	$0	-3.21K	-50.01%	$0.00	3.21K	Dec 8, 2021	Common Stock	3.21K		Direct	F1, F2, F5
transaction	CVI	Incentive Units	Options Exercise	$0	-13.5K	-33.33%	$0.00	27.1K	Dec 8, 2021	Common Stock	13.5K		Direct	F2, F4, F5
transaction	CVI	Incentive Units	Award	$0	+22.8K		$0.00	22.8K	Dec 8, 2021	Common Stock	22.8K		Direct	F2, F5, F6

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

Explanation of Responses:

Id	Content
F1	The Incentive Units were awarded to the reporting person by CVR Energy, Inc. as compensation for services as an officer on December 13, 2019. These Incentive Units vest ratably in annual installments in December of each of the three years following the grant date, subject to the terms and conditions of the award agreement.
F2	Each Incentive Unit reported herein represents the right to receive upon vesting, a cash payment equal to the average closing price of a share of CVR Energy, Inc. common stock for the 10 trading days preceding the vest date.
F3	This price represents the average closing price of a share of CVR Energy, Inc. common stock for the 10 trading days preceding the vest date.
F4	The Incentive Units were awarded to the reporting person by CVR Energy, Inc. as compensation for services as an officer on December 9, 2020. These Incentive Units vest ratably in annual installments in December of each of the three years following the grant date, subject to the terms and conditions of the award agreement.
F5	The Incentive Units expire immediately upon vest.
F6	The Incentive Units were awarded to the reporting person by CVR Energy, Inc. as compensation for services as an officer on December 8, 2021. These Incentive Units vest ratably in annual installments in December of each of the three years following the grant date, subject to the terms and conditions of the award agreement.