Smith Arthur T. - 19 Feb 2023 Form 4 Insider Report for Berry Corp (bry) (BRY)

Role: Executive Chairman, Director
Signature: Arthur T. Smith, by Jordan D. Scott, as attorney-in-fact
Issuer symbol: BRY
Transactions as of: 19 Feb 2023
Net transactions value: -$472,903
Form type: 4
Filing time: 22 Feb 2023, 20:36:24 UTC
Previous filing: 03 Mar 2022
Next filing: 03 Mar 2023
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		+83,514	+16%		605,417	19 Feb 2023	Direct	F1
transaction	BRY	Common Stock	Tax liability	$278,242	-31,193	-5.2%	$8.92	574,224	19 Feb 2023	Direct
transaction	BRY	Common Stock	Options Exercise		+58,427	+10%		632,651	19 Feb 2023	Direct	F2
transaction	BRY	Common Stock	Tax liability	$194,661	-21,823	-3.4%	$8.92	610,828	19 Feb 2023	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	-83,514	-50%	$0.000000	83,513	19 Feb 2023	Common Stock	83,514		Direct	F1
transaction	BRY	Restricted Stock Units 2022	Options Exercise	$0	-58,427	-33%	$0.000000	116,854	19 Feb 2023	Common Stock	58,427		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.