Westervelt T. Ballard Jr. - 23 Aug 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
23 Aug 2022
Net transactions value
$0
Form type
4
Filing time
25 Aug 2022, 16:03:22 UTC
Previous filing
23 Feb 2022
Next filing
21 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SLNG Common Stock Options Exercise $0 +125,000 +65% $0.000000 318,358 23 Aug 2022 Direct F1, F2
transaction SLNG Common Stock Tax liability $0 -18,206 -5.7% $0.000000 300,152 23 Aug 2022 Direct F3

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 Options Exercise $0 -125,000 -46% $0.000000 148,293 23 Aug 2022 Common Stock 125,000 Direct F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 RSU Vesting. See additional details at footnotes 2 and 3.
F2 The Restricted Stock Units ("RSUs") were awarded to the reporting person pursuant to the Stabilis Solutions, Inc. 2019 Long Term Incentive Plan (the "LTIP"). Each RSU represents the right to receive upon vesting, one share of Stabilis Solutions, Inc. Common Stock.
F3 Value of the shares based on the closing price of the stock on the vesting date.
F4 Awarded 500,000 RSUs. 250,000 vested immediately on 8/23/21; 125,000 RSUs vested on 8/23/22 (presented above) and 125,000 RSUs will vest on 8/23/23. Awarded 23,293 RSUs with 3 Year Graded vesting scheudule.
F5 Unless earlier forfeited under the terms and conditions of the award agreement, the RSUs expire immediately following vesting.