Westervelt T. Ballard JR - Jun 26, 2023 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.
Stock symbol: SLNG
Transactions as of: Jun 26, 2023
Transactions value $: $0
Form type: 4
Date filed: 6/28/2023, 04:36 PM
Previous filing: Feb 21, 2023
Next filing: Aug 25, 2023

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	Stock Appreciation Rights	Award	$0	+334K		$0.00	334K	Jun 26, 2023	Common Stock	334K	$10.00	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The Stock Appreciation Rights ("SARs") were awarded to the reporting person pursuant to the Stabilis Solutions, Inc. Amended and Restated 2019 Long Term Incentive Plan (the "LTIP"). Each SAR represents the right to receive upon vesting, one share of Stabilis Solutions, Inc. Common Stock, or, at the option of Stabilis Solutions, Inc., cash or any combination of stock and cash thereof. 100% of SARs vest when the closing price of Stabilis Solutions, Inc. common stock averages $10 over any 10 consecutive trading days, prior to January 1, 2025, subject to the terms and conditions of the award agreement.

Content

The Stock Appreciation Rights ("SARs") were awarded to the reporting person pursuant to the Stabilis Solutions, Inc. Amended and Restated 2019 Long Term Incentive Plan (the "LTIP"). Each SAR represents the right to receive upon vesting, one share of Stabilis Solutions, Inc. Common Stock, or, at the option of Stabilis Solutions, Inc., cash or any combination of stock and cash thereof. 100% of SARs vest when the closing price of Stabilis Solutions, Inc. common stock averages $10 over any 10 consecutive trading days, prior to January 1, 2025, subject to the terms and conditions of the award agreement.