Arthur T. Smith - Mar 1, 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
Stock symbol: BRY
Transactions as of: Mar 1, 2022
Transactions value $: -$495,369
Form type: 4
Date filed: 3/3/2022, 04:09 PM
Previous filing: Feb 23, 2022
Next filing: Feb 22, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BRY	Common Stock	Options Exercise		+43.9K	+9.99%		483K	Mar 1, 2022	Direct	F1
transaction	BRY	Common Stock	Tax liability	-$164K	-16.4K	-3.39%	$10.02	467K	Mar 1, 2022	Direct
transaction	BRY	Common Stock	Options Exercise		+87.9K	+18.82%		555K	Mar 1, 2022	Direct	F2
transaction	BRY	Common Stock	Tax liability	-$331K	-33K	-5.95%	$10.02	522K	Mar 1, 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 2019	Options Exercise	$0	-43.9K	-100%	$0.00^*	0	Mar 1, 2022	Common Stock	43.9K		Direct	F1
transaction	BRY	Restricted Stock Units 2020	Options Exercise	$0	-87.9K	-50%	$0.00	87.9K	Mar 1, 2022	Common Stock	87.9K		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 March 1, 2019, 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 March 1, 2020, subject to the continued employment of the Reporting Person.