Joshua D. Ruple - Feb 16, 2023 Form 4 Insider Report for USD Partners LP (USDP)

Role
Officer
Signature
/s/ Adam Altsuler, Attorney-in-fact for Joshua D Ruple
Stock symbol
USDP
Transactions as of
Feb 16, 2023
Transactions value $
-$72,142
Form type
4
Date filed
2/21/2023, 03:23 PM
Previous filing
Feb 18, 2022
Next filing
Feb 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction USDP COMMON UNITS (LIMITED PARTNER INTERESTS) Award $0 +43.9K +17.69% $0.00 292K Feb 16, 2023 Direct F1, F2
transaction USDP COMMON UNITS (LIMITED PARTNER INTERESTS) Tax liability -$72.1K -20.4K -6.97% $3.54 272K Feb 16, 2023 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the grant of phantom units. Each phantom unit is the economic equivalent of one common unit of USDP. The phantom units vest in four annual installments commencing on the one-year anniversary of the issuance date.
F2 Includes 165,994 phantom units.
F3 Represents common units of limited partnership interest withheld by the Issuer to satisfy tax withholding obligations upon the vesting of outstanding phantom units.
F4 Includes 118,705 phantom units.

Remarks:

The Reporting Person is Executive Vice President and Chief Operating Officer of USD Partners GP LLC, the general partner of the Issuer (the "General Partner"). The Issuer is managed by the directors and executive officers of the General Partner.