Brian Corales - 03 Nov 2022 Form 3 Insider Report for Magnolia Oil & Gas Corp (MGY)

Role: SVP & Chief Financial Officer
Signature: /s/ Timothy D. Yang, Attorney-in-Fact
Issuer symbol: MGY
Transactions as of: 03 Nov 2022
Net transactions value: $0
Form type: 3
Filing time: 04 Nov 2022, 16:28:44 UTC
Next filing: 15 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	MGY	Class A Common Stock						85,210	03 Nov 2022	Direct

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
holding	MGY	Performance Share Units							03 Nov 2022	Class A Common Stock	12,618		Direct	F1

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

Explanation of Responses:

Id	Content
F1	Reflects performance share units ("PSUs") granted under the Magnolia Oil & Gas Corporation Long Term Incentive Plan on February 25, 2020. Each PSU, to the extent earned, represents a contingent right to receive one share of Class A Common Stock, and the officer may earn between 0% and 150% of the target number of PSUs reported above, based on the Compensation Committee's certification of the relative total shareholder return of Magnolia Oil & Gas Corporation measured against a peer group of companies for the performance period commencing January 1, 2020, and ending December 31, 2022, and subject to the officer's continued employment through the date of settlement of the PSUs (which will occur within 60 days following the conclusion of the performance period).

Content

Reflects performance share units ("PSUs") granted under the Magnolia Oil & Gas Corporation Long Term Incentive Plan on February 25, 2020. Each PSU, to the extent earned, represents a contingent right to receive one share of Class A Common Stock, and the officer may earn between 0% and 150% of the target number of PSUs reported above, based on the Compensation Committee's certification of the relative total shareholder return of Magnolia Oil & Gas Corporation measured against a peer group of companies for the performance period commencing January 1, 2020, and ending December 31, 2022, and subject to the officer's continued employment through the date of settlement of the PSUs (which will occur within 60 days following the conclusion of the performance period).