Arthur T. Smith - Feb 19, 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
Stock symbol
BRY
Transactions as of
Feb 19, 2023
Transactions value $
-$472,903
Form type
4
Date filed
2/22/2023, 08:36 PM
Previous filing
Mar 3, 2022
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BRY Common Stock Options Exercise +83.5K +16% 605K Feb 19, 2023 Direct F1
transaction BRY Common Stock Tax liability -$278K -31.2K -5.15% $8.92 574K Feb 19, 2023 Direct
transaction BRY Common Stock Options Exercise +58.4K +10.17% 633K Feb 19, 2023 Direct F2
transaction BRY Common Stock Tax liability -$195K -21.8K -3.45% $8.92 611K Feb 19, 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 -83.5K -50% $0.00 83.5K Feb 19, 2023 Common Stock 83.5K Direct F1
transaction BRY Restricted Stock Units 2022 Options Exercise $0 -58.4K -33.33% $0.00 117K Feb 19, 2023 Common Stock 58.4K 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.