James A. Doris - Aug 1, 2023 Form 4 Insider Report for VIKING ENERGY GROUP, INC. (VKIN)

Role: President and CEO, Director, 10%+ Owner
Signature: /s/ James A. Doris
Stock symbol: VKIN
Transactions as of: Aug 1, 2023
Transactions value $: $0
Form type: 4
Date filed: 8/1/2023, 08:47 AM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VKIN	Series C Preferred Stock	Disposed to Issuer		-28.1K	-100%		0	Aug 1, 2023	Direct	F1
transaction	VKIN	Common Stock	Disposed to Issuer		-222K	-100%		0	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	VKIN	Common Stock Warrants	Disposed to Issuer		-1.67M	-100%		0	Aug 1, 2023	Common Stock	1.67M	$0.00	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id	Content
F1	Pursuant to the terms of and subject to certain exceptions set forth in the Agreement and Plan of Merger, dated as of February 15, 2021, as amended on April 18, 2023 (the "Merger Agreement"), between Viking Energy Group, Inc. (the "Company") and Camber Energy, Inc. ("Camber"), each share of common stock of the Company outstanding immediately prior to the effective time of the merger (the "Effective Time") was automatically converted into the right to receive one share of Camber common stock, and each share of Series C Preferred Stock of the Company outstanding immediately prior to the Effective Time was automatically converted into the right to receive one share of Camber Series A Convertible Preferred Stock.
F2	Pursuant to the terms of the Merger Agreement, each option or warrant to purchase shares of common stock of the Company outstanding immediately prior to the Effective Time, whether vested or unvested, became fully vested and was automatically converted into an option or warrant, as applicable, to purchase, on substantially the same terms and conditions as were applicable to such option or warrant immediately prior to the Effective Time, except that instead of being exercisable into Company common stock, such option or warrant is exercisable into Camber common stock and all references to the Company are references to Camber.

Content

Pursuant to the terms of and subject to certain exceptions set forth in the Agreement and Plan of Merger, dated as of February 15, 2021, as amended on April 18, 2023 (the "Merger Agreement"), between Viking Energy Group, Inc. (the "Company") and Camber Energy, Inc. ("Camber"), each share of common stock of the Company outstanding immediately prior to the effective time of the merger (the "Effective Time") was automatically converted into the right to receive one share of Camber common stock, and each share of Series C Preferred Stock of the Company outstanding immediately prior to the Effective Time was automatically converted into the right to receive one share of Camber Series A Convertible Preferred Stock.

Pursuant to the terms of the Merger Agreement, each option or warrant to purchase shares of common stock of the Company outstanding immediately prior to the Effective Time, whether vested or unvested, became fully vested and was automatically converted into an option or warrant, as applicable, to purchase, on substantially the same terms and conditions as were applicable to such option or warrant immediately prior to the Effective Time, except that instead of being exercisable into Company common stock, such option or warrant is exercisable into Camber common stock and all references to the Company are references to Camber.