C. Christopher Gaut - 17 Feb 2022 Form 4 Insider Report for FORUM ENERGY TECHNOLOGIES, INC. (FET)

Role: Exec. COB, Director
Signature: /s/ C. Christopher Gaut by John C. Ivascu as Attorney-in- Fact
Issuer symbol: FET
Transactions as of: 17 Feb 2022
Net transactions value: -$211,351
Form type: 4
Filing time: 22 Feb 2022, 14:23:11 UTC
Previous filing: 31 Jan 2022
Next filing: 30 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FET	Common Stock	Options Exercise	$0	+6,000	+2%	$0.000000	307,985	17 Feb 2022	Direct	F1
transaction	FET	Common Stock	Options Exercise	$0	+2,276	+0.74%	$0.000000	310,261	17 Feb 2022	Direct	F1
transaction	FET	Common Stock	Options Exercise		+11,159	+3.6%		321,420	19 Feb 2022	Direct	F2
transaction	FET	Common Stock	Options Exercise	$211,351	-11,159	-3.5%	$18.94	310,261	19 Feb 2022	Direct	F2

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	FET	Performance Shares	Options Exercise		-15,000	-100%		0	17 Feb 2022	Common Stock	6,000		Direct	F1
transaction	FET	Performance Shares	Options Exercise		-5,690	-100%		0	17 Feb 2022	Common Stock	2,276		Direct	F1
transaction	FET	Phantom Stock Units	Options Exercise	$0	-11,159	-33%	$0.000000	22,317	19 Feb 2022	Phantom Stock Units	11,159		Direct	F2
transaction	FET	Phantom Stock Units	Award	$0	+33,085		$0.000000	33,085	18 Feb 2022	Common Stock	33,085		Direct	F3

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

Explanation of Responses:

Id	Content
F1	Reflects the vesting of performance shares granted in February 2019, which were earned at 40% of target.
F2	Represents the cash settlement of a portion of the phantom stock units granted on February 19, 2021 and that vested on February 19, 2022.
F3	Represents an award of cash-settled phantom units (the "Phantom Units") granted pursuant to the Forum Energy Technologies, Inc. Second Amended and Restated 2016 Stock and Incentive Plan (the "Plan"). Each Phantom Unit represents a contingent right to receive a cash payment equivalent to the fair market value of one share of Common Stock, upon the vesting of the Phantom Units. The Phantom Units may vest based on continuous service according to the following schedule: 1/2 on each of the first and second anniversaries of the grant date. The Phantom Units will be forfeited upon a termination of service prior to vesting, except in limited circumstances. The Phantom Units also include dividend equivalent rights that entitle the reporting person to the same dividends that would be payable if the Phantom Units were shares of Common Stock outstanding at the time such dividends were issued. The credited dividends will be paid concurrently with the settlement of the Phantom Units.