Westervelt T. Ballard JR - Aug 23, 2023 Form 4 Insider Report for Stabilis Solutions, Inc. (SLNG)

Signature
/s/ Andrew Puhala, Attorney-in-Fact for Westervelt T. Ballard, Jr.
Stock symbol
SLNG
Transactions as of
Aug 23, 2023
Transactions value $
$0
Form type
4
Date filed
8/25/2023, 04:46 PM
Previous filing
Jun 28, 2023
Next filing
Feb 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SLNG Common Stock Options Exercise $0 +125K +40.6% $0.00 433K Aug 23, 2023 Direct F1, F2
transaction SLNG Common Stock Tax liability $0 -30.4K -7.03% $0.00 402K Aug 23, 2023 Direct F3

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 SLNG Restricted Stock Units Options Exercise $0 -125K -88.95% $0.00 15.5K Aug 23, 2023 Common Stock 125K Direct F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 RSU vesting - See additional details at footnotes 2, 3 and 4
F2 The Restricted Stock Units ("RSUs") were awarded to the reporting person pursuant to the Amended and Restated Stabilis Solutions, Inc. 2019 Long Term Incentive Plan (the "Plan"). Each RSU represents the right to receive upon vesting, one share of Stabilis Solutions, Inc. Common Stock.
F3 Value of the shares based on the closing price of the stock on the vesting date.
F4 Awarded 500,000 RSUs on 8/23/21; 250,000 RSUs vested immediately; 125,000 RSUs vested on 8/23/22; and 125,000 RSUs vested on 8/23/23 (presented above). Awarded 23,293 RSUs on 2/18/22 with 3 Year Graded vesting schedule; 7,764 RSUs vested on 2/18/23; the balance, 15,529, vests equally 2/18/24 and 2/18/25.
F5 Unless earlier forfeited under the terms and conditions of the award agreement, the RSUs expire immediately following vesting.