Randy May - Mar 8, 2024 Form 4 Insider Report for White River Energy Corp. (WTRV)

Role
Chief Executive Officer, Director
Signature
/s/ Randy May
Stock symbol
WTRV
Transactions as of
Mar 8, 2024
Transactions value $
$0
Form type
4
Date filed
3/12/2024, 04:05 PM
Previous filing
Feb 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WTRV Common Stock Award $0 +5M +375.81% $0.00 6.33M Mar 8, 2024 Direct F1, F2
holding WTRV Common Stock 1.59M Mar 8, 2024 By May Family Foundation F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of common stock issuable under Restricted Stock Units ("RSUs"). The RSUs vest in five equal annual increments over a five-year period with the first vesting date on March 8, 2025. The grant and any issuances thereunder are exempt from Section 16(b) of the Securities Exchange Act of 1934 by virtue of Rule 16b-3 promulgated thereunder, as it was approved by the Board of Directors of the Issuer.
F2 Does not include 4,500,000 shares of common stock issuable upon vesting of RSUs granted on December 2, 2022.
F3 The shares are held by The May Family Foundation, which Mr. May may be deemed to beneficially own as his niece is a control person of that entity.