| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | CRKR | Common Stock | 92.9K | Aug 25, 2023 | Direct | ||||||
| holding | CRKR | Common Stock | 28.4M | Aug 25, 2023 | By affiliates | F3 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CRKR | Restricted Stock Units | Award | $0 | +196K | $0.00 | 196K | Aug 25, 2023 | Common Stock | 196K | Direct | F1, F2 | ||
| holding | CRKR | Warrant | 14.3M | Aug 25, 2023 | Warrant | 14.3M | By affiliates | F3 |
| Id | Content |
|---|---|
| F1 | Each restricted stock unit ("RSU") represents a contingent right to receive (a) with respect to 60% of the RSUs, one share of common stock, par value $0.01 per share, of the Issuer ("Common Stock"), and (b) with respect to 40% of the RSUs, either one share of Common Stock or an amount of cash equal to the fair market value of one share of Common Stock. |
| F2 | The RSUs, granted on 8/25/23, vest 100% on May 3, 2024; 196,078 shares of common stock underlie the RSUs |
| F3 | Mr. Kessler has voting and dispositive control over the following securities: (i) 17,500,522 shares of common stock held by Bristol Investment Fund, Ltd., a Cayman Islands exempted company ("BIF") (managed by Bristol Capital Advisors, LLC, a Delaware LLC) and (ii) 10,935,190 shares of common stock held by Bristol Capital, LLC, a Delaware LLC ("BC"). BIF also holds warrants to purchase a total of 14,285,714 shares of common stock of the Issuer (following May 2023 merger with Creek Road Miners, Inc.) |