Cyrus D. Marter IV - Nov 15, 2021 Form 4 Insider Report for CIVITAS RESOURCES, INC. (CIVI)

Signature
By: Roberta L. Louis, attorney-in-fact For: Cyrus D. Marter IV
Stock symbol
CIVI
Transactions as of
Nov 15, 2021
Transactions value $
-$938,051
Form type
4
Date filed
11/16/2021, 04:04 PM
Previous filing
Jun 22, 2021
Next filing
Jan 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CIVI Common Stock Options Exercise $241K +7K +12.52% $34.36 62.9K Nov 15, 2021 Direct
transaction CIVI Common Stock Sale -$392K -7K -11.13% $56.00 55.9K Nov 15, 2021 Direct
transaction CIVI Common Stock Options Exercise $172K +5K +8.95% $34.36 60.9K Nov 15, 2021 Direct
transaction CIVI Common Stock Sale -$283K -5K -8.21% $56.64 55.9K Nov 15, 2021 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 CIVI Non-Qualified Stock Option (right to buy) Options Exercise -$392K -7K -28.71% $56.00 17.4K Nov 15, 2021 Common Stock 7K $34.36 Direct F2
transaction CIVI Non-Qualified Stock Option (right to buy) Options Exercise -$283K -5K -28.77% $56.64 12.4K Nov 15, 2021 Common Stock 5K $34.36 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price is the weighted average sales price of the aggregate number of shares that were sold by the reporting person. These shares were sold in multiple transactions at prices ranging from $56.61 to $56.67. The reporting person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
F2 The option vested in three equal installments on April 28, 2018, 2019, and 2020.