Benjamin Dell - 01 Nov 2021 Form 4 Insider Report for CIVITAS RESOURCES, INC. (CIVI)

Role: Director
Signature: By: Roberta L. Louis, attorney-in-fact For: Benjamin Dell
Issuer symbol: CIVI
Transactions as of: 01 Nov 2021
Net transactions value: $0
Form type: 4
Filing time: 02 Nov 2021, 20:41:33 UTC
Next filing: 01 Jun 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CIVI	Common Stock	Award	$0	+19,674		$0.000000	19,674	01 Nov 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.

Content

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.