Westervelt T. Ballard Jr. - 31 Jan 2025 Form 4/A - Amendment Insider Report for Stabilis Solutions, Inc. (SLNG)

Role
10%+ Owner
Signature
/s/ Andrew L. Puhala, Attorney-in-Fact for Westervelt T. Ballard, Jr.
Issuer symbol
SLNG
Transactions as of
31 Jan 2025
Net transactions value
$0
Form type
4/A - Amendment
Filing time
14 Feb 2025, 17:34:20 UTC
Date Of Original Report
04 Feb 2025
Previous filing
20 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SLNG Common Stock Options Exercise +7,765 +1.9% 416,042 31 Jan 2025 Direct F1, F2
transaction SLNG Common Stock Tax liability -2,302 -0.55% 413,740 31 Jan 2025 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 -7,765 -100% $0.000000 0 31 Jan 2025 Common Stock 7,765 Direct F2, F4, F5
transaction SLNG Stock Options Disposed to Issuer -1,300,000 -100% 0 31 Jan 2025 Common Stock 1,300,000 $10.00 Direct F6
transaction SLNG Stock Options Award +1,300,000 1,300,000 31 Jan 2025 Common Stock 1,300,000 $10.00 Direct F6
transaction SLNG Stock Options Disposed to Issuer -442,574 -100% 0 31 Jan 2025 Common Stock 442,574 $6.00 Direct F7
transaction SLNG Stock Options Award +442,574 442,574 31 Jan 2025 Common Stock 442,574 $6.00 Direct F7
* 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 in footnotes 2-5.
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 of $7.60.
F4 RSUs vested on January 31, 2025.
F5 Unless earlier forfeited under the terms and conditions of the award agreement, the RSUs expire immediately following vesting.
F6 The two reported transactions involved an amendment of an outstanding option to extend the expiration date, which may be deemed a cancellation of the original option and grant of a new option. As amended, the option expires on December 31, 2025.
F7 The two reported transactions involved an amendment of an outstanding option to accelerate the expiration date, which may be deemed a cancellation of the original option and grant of a new option. As amended, the option expires on December 31, 2025.

Remarks:

This Form 4/A is an amendment to the original Form 4 filed on 2/4/25, for the purpose 1) to check the 10% owner box 2) Uncheck the box indicating the reporting person is a director and officer and 3) uncheck the box of no longer subject to Section 16.