SAMUEL J. MITCHELL - 19 Nov 2021 Form 4 Insider Report for VALVOLINE INC (VVV)

Role: Chief Executive Officer, Director
Signature: /s/ Ian C. Lofwall, Attorney-in-Fact
Issuer symbol: VVV
Transactions as of: 19 Nov 2021
Net transactions value: -$219,475
Form type: 4
Filing time: 22 Nov 2021, 16:14:45 UTC
Previous filing: 15 Nov 2021
Next filing: 18 Oct 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VVV	Common Stock	Options Exercise		+12,661	+3.8%		341,919	19 Nov 2021	Direct	F1
transaction	VVV	Common Stock	Tax liability	$219,475	-5,964	-1.7%	$36.80	335,955	19 Nov 2021	Direct
holding	VVV	Common Stock						5,568	19 Nov 2021	By 401(k) Plan	F2

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	VVV	FY 2019 Restricted Stock Units	Options Exercise	$0	-12,661	-100%	$0.000000^*	0	19 Nov 2021	Common Stock	12,661		Direct	F1, F3

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

Explanation of Responses:

Id	Content
F1	Restricted stock units convert into Valvoline common stock on a one-for-one basis.
F2	Represents the approximate number of shares of Valvoline common stock held by the Reporting Person in the Valvoline 401(k) Plan based on the closing price of Valvoline common stock as of the close of business on the earliest Transaction Date.
F3	The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.