Fernando Araujo - Feb 19, 2023 Form 4 Insider Report for Berry Corp (bry) (BRY)

Role
Chief Executive Officer
Signature
Fernando Araujo, by Jordan D. Scott, as attorney-in-fact
Stock symbol
BRY
Transactions as of
Feb 19, 2023
Transactions value $
-$186,660
Form type
4
Date filed
2/22/2023, 08:37 PM
Previous filing
Sep 19, 2022
Next filing
Apr 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BRY Common Stock Options Exercise +37.4K +97.71% 75.8K Feb 19, 2023 Direct F1
transaction BRY Common Stock Tax liability -$120K -13.5K -17.78% $8.92 62.3K Feb 19, 2023 Direct
transaction BRY Common Stock Options Exercise +21.6K +34.64% 83.9K Feb 19, 2023 Direct F2
transaction BRY Common Stock Tax liability -$66.5K -7.46K -8.9% $8.92 76.4K 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 -37.4K -50% $0.00 37.4K Feb 19, 2023 Common Stock 37.4K Direct F1
transaction BRY Restricted Stock Units 2022 Options Exercise $0 -21.6K -33.33% $0.00 43.1K Feb 19, 2023 Common Stock 21.6K Direct F2
transaction BRY Restricted Stock Units 2023 Award $0 +89.7K $0.00 89.7K Feb 21, 2023 Common Stock 89.7K Direct F3, F4
* 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.
F3 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, 2023, subject to the continued employment of the Reporting Person.
F4 Award approved on February 21, 2023.