John A. Weinzierl - 19 Jul 2022 Form 4 Insider Report for US ENERGY CORP (USEG)

Role
Chairman, Director, 10%+ Owner
Signature
/s/ John A. Weinzierl, individually and as Managing Member of Katla Energy Holdings LLC
Issuer symbol
USEG
Transactions as of
19 Jul 2022
Net transactions value
$0
Form type
4
Filing time
05 Aug 2022, 16:43:50 UTC
Previous filing
31 Jan 2022
Next filing
10 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction USEG Common Stock Other $0 -6,568,828 -100% $0.000000* 0 19 Jul 2022 Lubbock Energy Partners LLC F1
transaction USEG Common Stock Other $0 +3,071,914 $0.000000 3,071,914 19 Jul 2022 Katla Energy Holdings LLC F1, F2
transaction USEG Common Stock Other $0 +1,781,651 +58% $0.000000 4,853,565 20 Jul 2022 Katla Energy Holdings LLC F2, F3
holding USEG Common Stock 200,000 19 Jul 2022 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Disposition by Lubbock of 6,143,828 shares pro rata to its members, Katla and WDM Family Partnership, LP, for no consideration and 425,000 shares to certain individuals as compensation for services provided to Lubbock.
F2 Acquisition by Katla of 3,071,914 shares as a distribution from Lubbock for no consideration.
F3 Acquisition by Katla of 1,781,651 shares as a distribution from Synergy Offshore LLC for no consideration.

Remarks:

This Form 4 is made jointly by John A. Weinzierl and Katla Energy Holdings LLC ("Katla"). Mr. Weinzierl is the 100% owner of all of the equity of Katla. Mr. Weinzierl is also an officer (Chairman) and director of U.S. Energy Corp. Katla owned a 50% member interest in Lubbock Energy Partners LLC ("Lubbock"), and Mr. Weinzierl served as one of two managers of Lubbock.