Westervelt T. Ballard Jr. - 18 Feb 2022 Form 4 Insider Report for Stabilis Solutions, Inc. (SLNG)

Role: President and CEO, Director
Signature: /s/ Andrew Puhala, Attorney-in-Fact for Westervelt T. Ballard, Jr.
Issuer symbol: SLNG
Transactions as of: 18 Feb 2022
Net transactions value: $0
Form type: 4
Filing time: 23 Feb 2022, 16:02:31 UTC
Previous filing: 25 Aug 2021
Next filing: 25 Aug 2022
SEC: View on sec.gov

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	SLNG	Restricted Stock Units	Award	$0	+23,293	+9.3%	$0.000000	273,293	18 Feb 2022	Common Stock	23,293		Direct	F1, F2, F3
transaction	SLNG	Stock Options	Award	$0	+1,300,000		$0.000000	1,300,000	18 Feb 2022	Common Stock	1,300,000	$10.00	Direct	F4, F5
transaction	SLNG	Stock Options	Award	$0	+442,547	+34%	$0.000000	1,742,574	18 Feb 2022	Common Stock	442,547	$6.00	Direct	F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Restricted Stock Units ("RSUs") were awarded to the reporting person pursuant to the Stabilis Solutions, Inc. Amended and Restated 2019 Long Term Incentive Plan (the "LTIP"). Each RSU represents the right to receive upon vesting, one share of Stabilis Solutions, Inc. Common Stock.
F2	The RSUs were awarded to the reporting person pursuant to the LTIP and vest ratably in three annual installments beginning one year from the grant date, subject to the terms and conditions of the award agreement.
F3	Unless earlier forfeited under the terms and conditions of the award agreement, the RSUs expire immediately following vesting.
F4	The Stock Options were awarded to the reporting person pursuant to the Stabilis Solutions, Inc. Amended and Restated 2019 Long Term Incentive Plan (the "LTIP"). The options vest as follows: (i) 442,000 options on August 23, 2022, (ii) 429,000 options on August 23, 2023, and (iii) 429,000 options on August 23, 2024, conditioned on Mr. Ballard remaining continuously employed through each vesting date.
F5	Unless earlier forfeited under the terms and conditions of the award agreement, the Stock Options expire 10 years from grant date.
F6	The Stock Options were awarded to the reporting person pursuant to the LTIP and vest ratably in three annual installments beginning one year from the grant date, subject to the terms and conditions of the award agreement.