James A. Doris - 01 Aug 2023 Form 4 Insider Report for CAMBER ENERGY, INC. (CEIN)

Role
Chief Executive Officer, Director
Signature
/s/ James A Doris
Issuer symbol
CEIN
Transactions as of
01 Aug 2023
Net transactions value
$0
Form type
4
Filing time
01 Aug 2023, 08:40:07 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CEI Common Stock Award +222,223 222,223 01 Aug 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 +28,092 28,092 01 Aug 2023 Common Stock 25,001,880 Direct F1, F2, F3
transaction CEI Warrants Award +1,666,667 1,666,667 01 Aug 2023 Common Stock 1,666,667 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.