Benjamin Dell - Nov 1, 2021 Form 4 Insider Report for CIVITAS RESOURCES, INC. (CIVI)

Role
Director
Signature
By: Roberta L. Louis, attorney-in-fact For: Benjamin Dell
Stock symbol
CIVI
Transactions as of
Nov 1, 2021
Transactions value $
$0
Form type
4
Date filed
11/2/2021, 08:41 PM
Next filing
Jun 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CIVI Common Stock Award $0 +19.7K $0.00 19.7K Nov 1, 2021 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 19,674 Deferred Stock Units ("DSUs") that settle in shares of Issuer common stock, received in exchange for 16,800 DSUs that settled in shares of Extraction Oil & Gas ("Extraction") common stock ("Extraction DSUs") in connection with the consummation of the transaction (the "Merger") contemplated in that certain agreement and plan of merger (the "Merger Agreement") by and between Bonanza Creek Energy, Inc., Raptor Eagle Merger Sub, Inc. and Extraction, dated as of May 9, 2021. Pursuant to the Merger Agreement, the outstanding Extraction DSUs immediately prior to the effective time of the Merger were converted into the right to receive 1.1711 DSUs of Civitas Resources, Inc. (the "Issuer"). The DSUs vest in quarterly installments over a twelve (12) month period following the grant date and will become fully vested on January 20, 2022.