Jamal K. Muashsher - 29 Apr 2022 Form 4 Insider Report for VALVOLINE INC (VVV)

Role: SVP and Pres., Global Products
Signature: /s/ Ian C. Lofwall, Attorney-in-Fact
Issuer symbol: VVV
Transactions as of: 29 Apr 2022
Net transactions value: -$17,745
Form type: 4
Filing time: 02 May 2022, 19:58:16 UTC
Previous filing: 23 Nov 2021
Next filing: 15 Nov 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		+1,900	+31%		7,994	29 Apr 2022	Direct	F1
transaction	VVV	Common Stock	Tax liability	$17,745	-587	-7.3%	$30.23	7,407	29 Apr 2022	Direct

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	Units	Options Exercise	$0	-1,900	-100%	$0.000000^*	0	29 Apr 2022	Common Stock	1,900		Direct	F1, F2

* 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	The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.