John B. Walker - May 7, 2024 Form 4 Insider Report for Magnolia Oil & Gas Corp (MGY)

Signature
/s/ John B. Walker
Stock symbol
MGY
Transactions as of
May 7, 2024
Transactions value $
$0
Form type
4
Date filed
5/9/2024, 04:29 PM
Previous filing
May 5, 2023
Next filing
May 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MGY Class A Common Stock Award $0 +6.36K +1.04% $0.00 615K May 7, 2024 Direct F1
holding MGY Class A Common Stock 8.3M May 7, 2024 See Explanation of Responses F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects restricted stock units ("RSUs") granted under the Magnolia Oil & Gas Corporation Long Term Incentive Plan (the "Plan"). Each RSU represents a contingent right to receive one share of Class A common stock ("Class A Common Stock") of Magnolia Oil & Gas Corporation (the "Company"). The RSUs will vest on the earlier of (a) the day preceding the next annual meeting of stockholders of the Company at which directors are elected, or (b) the first anniversary of the grant date, in each case, subject to the director's continued service through the applicable vesting date.
F2 EnerVest Management GP, L.C. ("EVM GP") is general partner of EnerVest Ltd. ("EnerVest"), which is sole member, with sole control over the actions of EVFC GP XIV, LLC, the managing general partner of EnerVest Energy Institutional Fund XIV-C, L.P. ("EV XIV-C"). EV XIV-C owns of record 8,296,077 shares (the "Reported Securities") of Class A Common Stock. Mr. Walker is the indirect owner and Executive Chairman of EVM GP. Mr. Walker directly through ownership or position, or indirectly through one or more intermediaries, may be deemed for purposes of Section 16 of the Securities Exchange Act of 1934, to be the indirect beneficial owner of the Reported Securities owned by EV XIV-C. Mr. Walker disclaims beneficial ownership of the Reported Securities held by EV XIV-C except to the extent of his pecuniary interest in EV XIV-C. This report shall not be deemed an admission that he is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.