Ryan L. Smith - Mar 19, 2024 Form 4 Insider Report for US ENERGY CORP (USEG)

Role
CEO, Director
Signature
/s/ Ryan L. Smith
Stock symbol
USEG
Transactions as of
Mar 19, 2024
Transactions value $
$0
Form type
4
Date filed
3/20/2024, 06:51 PM
Previous filing
Mar 11, 2024
Next filing
Sep 25, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction USEG Common Stock Award $0 +170K +31.75% $0.00 706K Mar 19, 2024 Direct F1, F2
transaction USEG Common Stock Award $0 +170K +24.1% $0.00 876K Mar 19, 2024 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock shares subject to time-based vesting, which vest at the rate of 1/3rd of such shares on each of the three anniversaries of the grant date, subject to the recipient's continued service to the Issuer. Exempt pursuant to Rule 16b-3.
F2 Issued to the Reporting Person in consideration for services rendered and agreed to be rendered to the Issuer as an officer of the Issuer. Issued under the Issuer's 2022 Equity Compensation Plan.
F3 Represents restricted stock shares which vest to the Reporting Person, if ever, if the Issuer's common stock share price is equal to or greater than $2.00 per share for a period of at least 20 consecutive trading days, at any time following the one year anniversary of the grant date, and prior to the three year anniversary of the grant date, subject to the recipient's continued service to the Issuer. Exempt pursuant to Rule 16b-3.