James A. Doris - Aug 1, 2023 Form 4 Insider Report for CAMBER ENERGY, INC. (CEI)

Role
Chief Executive Officer, Director
Signature
/s/ James A Doris
Stock symbol
CEI
Transactions as of
Aug 1, 2023
Transactions value $
$0
Form type
4
Date filed
8/1/2023, 08:40 AM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CEI Common Stock Award +222K 222K Aug 1, 2023 Direct F1

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 CEI Series A Convertible Preferred Stock Award +28.1K 28.1K Aug 1, 2023 Common Stock 25M Direct F1, F2, F3
transaction CEI Warrants Award +1.67M 1.67M Aug 1, 2023 Common Stock 1.67M Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 1, 2023 (the "Effective Time"), pursuant to the Amended and Restated Agreement and Plan of Merger, as amended on April 18, 2023, between Camber Energy, Inc. ("Camber") and Viking Energy Group, Inc. ("Viking), each (a) share of Viking's common stock issued and outstanding immediately prior to the Effective Time, other than shares owned by Camber, Viking and Viking Merger Sub, Inc., was converted into the right to receive one share of Camber's common stock, (b) share of Viking's Series C Convertible Preferred Stock issued and outstanding immediately prior to the Effective Time was converted into the right to receive one share of Camber's Series A Convertible Preferred Stock and (c) outstanding option or warrant to purchase Viking's common stock ("Viking Option") vested and was converted into an option or warrant to purchase Camber's common stock on substantially the same terms as were applicable to such Viking Option immediately prior to the Effective Time.
F2 Each share of Series A Convertible Preferred Stock is convertible into 890 shares of Camber's common stock.
F3 The Series A Convertible Preferred Stock is perpetual and has no expiration date.
F4 Each warrant represents the right to purchase one share of Camber's common stock at an exercise price of $0.001 per share.