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

Role
SVP, Operations
Signature
By: Roberta L. Louis, attorney-in-fact For: Dean Tinsley
Issuer symbol
CIVI
Transactions as of
10 Mar 2022
Net transactions value
-$343,623
Form type
4
Filing time
11 Mar 2022, 20:14:49 UTC
Previous filing
25 Feb 2022
Next filing
10 May 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 Options Exercise $124,005 +3,609 +6.6% $34.36 58,037 10 Mar 2022 Direct
transaction CIVI Common Stock Sale $205,378 -3,609 -6.2% $56.91 54,428 10 Mar 2022 Direct
transaction CIVI Common Stock Sale $56,872 -1,000 -1.8% $56.87 53,428 10 Mar 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 $205,378 -3,609 -100% $56.91 0 10 Mar 2022 Common Stock 3,609 $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.