Smith Arthur T. - 19 Feb 2022 Form 4 Insider Report for Berry Corp (bry) (BRY)

Role: President & CEO, Director
Signature: Arthur T. Smith, by Jordan D. Scott, as attorney-in-fact
Issuer symbol: BRY
Transactions as of: 19 Feb 2022
Net transactions value: -$279,594
Form type: 4
Filing time: 23 Feb 2022, 15:01:00 UTC
Next filing: 03 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BRY	Common Stock	Options Exercise		+83,513	+22%		470,922	19 Feb 2022	Direct	F1
transaction	BRY	Common Stock	Tax liability	$279,594	-31,415	-6.7%	$8.90	439,507	19 Feb 2022	Direct

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	BRY	Restricted Stock Units 2021	Options Exercise	$0	-83,513	-33%	$0.000000	167,027	19 Feb 2022	Common Stock	83,513		Direct	F1
transaction	BRY	Restricted Stock Units 2022	Award	$0	+175,281		$0.000000	175,281	19 Feb 2022	Common Stock	175,281		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit represents a contingent right to receive one share of common stock, par value $0.001 per share, of Berry Corporation (bry). One-third of the Restricted Stock Units vest on each of the first three anniversaries of February 19, 2021, subject to the continued employment of the Reporting Person.
F2	Each Restricted Stock Unit represents a contingent right to receive one share of common stock, par value $0.001 per share, of Berry Corporation (bry). One-third of the Restricted Stock Units vest on each of the first three anniversaries of February 19, 2022, subject to the continued employment of the Reporting Person.