OWEN E. KRATZ - 03 Jan 2025 Form 4 Insider Report for HELIX ENERGY SOLUTIONS GROUP INC (HLX)

Signature
/s/ Ken Neikirk by power of attorney
Issuer symbol
HLX
Transactions as of
03 Jan 2025
Net transactions value
-$2,617,766
Form type
4
Filing time
06 Jan 2025, 16:22:28 UTC
Previous filing
03 Jan 2025
Next filing
15 Jan 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HLX Common Stock Options Exercise +81,301 +1.1% 7,253,161 03 Jan 2025 Direct F1, F2
transaction HLX Common Stock Disposed to Issuer $786,994 -81,301 -1.1% $9.68 7,171,860 03 Jan 2025 Direct F2, F3
transaction HLX Common Stock Options Exercise +192,308 +2.7% 7,364,168 04 Jan 2025 Direct F2, F4
transaction HLX Common Stock Disposed to Issuer $1,830,772 -192,308 -2.6% $9.52 7,171,860 04 Jan 2025 Direct F2, F5

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 HLX Restricted Stock Units Options Exercise $0 -81,301 -50% $0.000000 81,301 03 Jan 2025 Common Stock 81,301 Direct F1, F6
transaction HLX Restricted Stock Units Options Exercise $0 -192,308 -100% $0.000000 0 04 Jan 2025 Common Stock 192,308 Direct F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("2023 RSU") represents the contingent right to receive one share of Company common stock. Forfeiture restrictions lapsed with respect to one-third of the grant of the 2023 RSUs on January 3, 2024. Forfeiture restrictions with respect to an additional one-third of the grant lapsed on January 3, 2025 and the remaining one-third of the grant will lapse on January 3, 2026.
F2 Mr. Kratz disclaims beneficial ownership of 1,000,000 shares included in this amount, which shares are held by Joss Investments Limited Partnership, an entity in which he is a general partner.
F3 The Compensation Committee of the Company's Board of Directors (the "Compensation Committee") elected to pay in cash the value of the 2023 RSUs for which forfeiture restrictions lapsed.
F4 Each Restricted Stock Unit ("2022 RSU") represents the contingent right to receive one share of Company common stock. Forfeiture restrictions lapsed with respect to one-third of the grant of the 2022 RSUs on January 4, 2023, forfeiture restrictions lapsed with respect to an additional one-third of the grant on January 4, 2024 and the remaining one-third of the grant lapsed on January 4, 2025.
F5 The Compensation Committee elected to pay in cash the value of the 2022 RSUs for which forfeiture restrictions lapsed.
F6 Upon lapse of the forfeiture restrictions of the 2023 RSUs.
F7 Upon lapse of the forfeiture restrictions of the 2022 RSUs.