Christopher Cashion - Aug 1, 2024 Form 4 Insider Report for Superior Drilling Products, Inc. (SDPI)

Role
Chief Financial Officer
Signature
/s/ Christopher Cashion
Stock symbol
SDPI
Transactions as of
Aug 1, 2024
Transactions value $
$0
Form type
4
Date filed
8/1/2024, 06:25 AM
Previous filing
Aug 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SDPI Common Stock Disposed to Issuer -1.02M -100% 0 Aug 1, 2024 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 SDPI Employee Stock Option (right to buy) Disposed to Issuer -12K -100% 0 Aug 1, 2024 Common Stock 12K $1.73 Direct F2
transaction SDPI Employee Stock Option (right to buy) Disposed to Issuer -12.4K -100% 0 Aug 1, 2024 Common Stock 12.4K $1.67 Direct F2
transaction SDPI Employee Stock Option (right to buy) Disposed to Issuer -15.1K -100% 0 Aug 1, 2024 Common Stock 15.1K $1.37 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Disposed of pursuant to the merger agreement among Issuer, Drilling Tools International Corporation ("DTI"), DTI Merger Sub I, Inc., and DTI Merger Sub II, LLC (the "Merger Agreement") in exchange for a combination of DTI stock and cash in accordance with the terms of the Merger Agreement.
F2 These options were cancelled in connection with the transactions contemplated by the Merger Agreement for no consideration.