Dean Tinsley - Mar 10, 2022 Form 4 Insider Report for CIVITAS RESOURCES, INC. (CIVI)

Role
SVP, Operations
Signature
By: Roberta L. Louis, attorney-in-fact For: Dean Tinsley
Stock symbol
CIVI
Transactions as of
Mar 10, 2022
Transactions value $
-$343,623
Form type
4
Date filed
3/11/2022, 08:14 PM
Previous filing
Feb 25, 2022
Next filing
May 10, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CIVI Common Stock Options Exercise $124K +3.61K +6.63% $34.36 58K Mar 10, 2022 Direct
transaction CIVI Common Stock Sale -$205K -3.61K -6.22% $56.91 54.4K Mar 10, 2022 Direct
transaction CIVI Common Stock Sale -$56.9K -1K -1.84% $56.87 53.4K Mar 10, 2022 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 -$205K -3.61K -100% $56.91 0 Mar 10, 2022 Common Stock 3.61K $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 $56.87 to $56.90. 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.