David Lyle Williams Jr. - 17 Feb 2023 Form 4 Insider Report for FORUM ENERGY TECHNOLOGIES, INC. (FET)

Role: EVP, CFO
Signature: /s/ D. Lyle Williams by John C. Ivascu as Attorney-in-Fact
Issuer symbol: FET
Transactions as of: 17 Feb 2023
Net transactions value: -$612,850
Form type: 4
Filing time: 22 Feb 2023, 16:09:30 UTC
Previous filing: 16 Aug 2022
Next filing: 15 Aug 2023
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	+8,800	+19%	$0.000000	56,348	18 Feb 2023	Direct	F1
transaction	FET	Common Stock	Tax liability	$115,356	-3,639	-6.5%	$31.70	52,709	18 Feb 2023	Direct	F2
transaction	FET	Common Stock	Options Exercise	$0	+8,800	+17%	$0.000000	61,509	18 Feb 2023	Direct	F3
transaction	FET	Common Stock	Tax liability	$109,745	-3,462	-5.6%	$31.70	58,047	18 Feb 2023	Direct	F4
transaction	FET	Common Stock	Options Exercise	$0	+7,982	+14%	$0.000000	66,029	19 Feb 2023	Direct	F5
transaction	FET	Common Stock	Options Exercise	$253,029	-7,982	-12%	$31.70	58,047	19 Feb 2023	Direct	F5
transaction	FET	Common Stock	Tax liability	$99,538	-3,140	-5.4%	$31.70	54,907	19 Feb 2023	Direct	F6
transaction	FET	Common Stock	Tax liability	$35,180	-1,107	-2%	$31.78	53,800	21 Feb 2023	Direct	F7

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	Phantom Restricted Stock Units	Award	$0	+20,505		$0.000000	20,505	17 Feb 2023	Common Stock	20,505		Direct	F8
transaction	FET	Phantom Restricted Stock Units	Options Exercise	$0	-8,800	-33%	$0.000000	17,600	18 Feb 2023	Common Stock	8,800		Direct	F1
transaction	FET	Performance Restricted Stock Units	Options Exercise	$0	-8,800	-33%	$0.000000	17,600	18 Feb 2023	Common Stock	8,800		Direct	F3
transaction	FET	Phantom Restricted Stock Units	Options Exercise	$0	-7,982	-50%	$0.000000	7,983	19 Feb 2023	Common Stock	7,982		Direct	F5

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

Explanation of Responses:

Id	Content
F1	Reflects the vesting of restricted stock units granted on February 18, 2022.
F2	These shares were surrendered to satisfy the tax obligations related to the vesting of a phantom restricted stock unit award granted on February 18, 2022.
F3	Reflects the vesting of performance restricted stock units granted on February 18, 2022.
F4	These shares were surrendered to satisfy the tax obligations related to the vesting of performance restricted stock units granted on February 18, 2022.
F5	Reflects the vesting and cash settlement of phantom stock units granted on February 19, 2021.
F6	These shares were surrendered to satisfy the tax obligations related to the vesting of a restricted stock unit award granted on February 19, 2021.
F7	These shares were surrendered to satisfy the tax obligations related to the vesting of a restricted stock unit award granted on February 21, 2020.
F8	Represents an award of restricted stock units (the "Units") granted pursuant to the Company's Second Amended and Restated 2016 Stock and Incentive Plan (the "Plan"). Each Unit represents a contingent right to receive one share of Common Stock, or cash in lieu thereof, upon the vesting of the Units. The Units vest according to the following schedule: 1/3 vest on each of the first, second, and third anniversaries of the date of grant (2/17/2023). The Units will be forfeited upon a termination of employment prior to vesting, except in limited circumstances. The Units also include dividend equivalent rights that entitle the reporting person to the same dividends that would be payable were the shares of Common Stock underlying the Units actually outstanding at the time such dividends were issued. The credited dividends will be paid concurrently with the issuance of the shares of Common Stock to the reporting person.