Michael H. Lou - Sep 6, 2024 Form 4 Insider Report for Chord Energy Corp (CHRD)

Role
EVP, CSO, and CCO
Signature
/s/ Melissa K. Buce, as attorney-in-fact
Stock symbol
CHRD
Transactions as of
Sep 6, 2024
Transactions value $
$0
Form type
4
Date filed
9/6/2024, 05:52 PM
Previous filing
Feb 22, 2024

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 CHRD Warrants (Rights to Buy) Gift $0 -557 -100% $0.00 0 Sep 6, 2024 Common Stock 557 $75.57 Direct F1, F2
holding CHRD Performance Share Units 1.94K Sep 6, 2024 Common Stock 1.94K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person transferred these warrants as a gift to a donor advised fund.
F2 Represents warrants to purchase shares of the Issuer's common stock that were originally issued in connection with the Joint Prepackaged Chapter 11 Plan of Reorganization of Oasis (the Issuer's predecessor) and its Debtor Affiliates (as amended, modified or supplemented from time to time, the "Plan"), on November 19, 2020 (the effective date of the Plan). Each Warrant is exercisable for one share of the Issuer's common stock from the date of issuance until 5:00 p.m., New York time, on the expiration date. The receipt of warrants was involuntary, without additional consideration and in accordance with the Plan approved by the U.S. Bankruptcy Court for the Southern District of Texas.
F3 The number of target performance units has been updated to accurately reflect the number of target units the Reporting Person was actually granted on February 20, 2024. Due to a scrivener's error, it was originally reported incorrectly as 3,881 target performance units on Reporting Person's Form 4 dated February 22, 2024.