Wallis T. Marsh - Sep 23, 2022 Form 4 Insider Report for US ENERGY CORP (USEG)

Role
10%+ Owner
Signature
/s/ Wallis T. Marsh, individually and as manager of WDM GP, LLC, as general partner of WDM Family Partnership, LP
Stock symbol
USEG
Transactions as of
Sep 23, 2022
Transactions value $
$27,500
Form type
4
Date filed
9/26/2022, 04:12 PM
Previous filing
Sep 22, 2022
Next filing
Oct 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction USEG Common Stock Purchase $27.5K +10K +0.32% $2.75 3.11M Sep 23, 2022 WDM Family Partnership, LP F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Excludes shares of common stock relating to the voting group described below under "Remarks".

Remarks:

This Form 4 is being filed by Wallis T. Marsh. WDM GP, LLC ("WDM GP") is the non-economic general partner of WDM Family Partnership, LP ("WDMFP"), and thus has no pecuniary interest. Mr. Marsh and his wife own 100% of all of the equity of WDM GP and WDMFP, and Mr. Marsh is the sole manager of WDM GP. Mr. Marsh disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein. By virtue of being party to an Amended and Restated Nominating and Voting Agreement dated as of September 16, 2022 (the "Voting Agreement"), WDMFP, Lubbock Energy Partners LLC ("Lubbock"), and Mr. Marsh, due to his status as Manager of Lubbock and co-owner of WDMFP, may be deemed to be a member of a "group" for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), with respect to the securities reported herein with the other parties who are bound by the Voting Agreement and their control persons, which such "group" beneficially owns, in the aggregate, more than 10% of the outstanding shares of common stock of the Issuer. For a description of the Voting Agreement, see the Current Report on Form 8-K filed by the Issuer with the United States Securities and Exchange Commission on September 16, 2022