Jonathan L. Caldwell - 01 May 2023 Form 4 Insider Report for VALVOLINE INC (VVV)

Role: Chief People Officer
Signature: /s/ Ian C. Lofwall, Attorney-in-Fact
Issuer symbol: VVV
Transactions as of: 01 May 2023
Net transactions value: -$22,168
Form type: 4
Filing time: 02 May 2023, 20:45:59 UTC
Previous filing: 01 Dec 2022
Next filing: 14 Nov 2023
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	$0	+1,794	+17%	$0.000000	12,119	01 May 2023	Direct
transaction	VVV	Common Stock	Tax liability	$22,168	-633	-5.2%	$35.02	11,486	01 May 2023	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	-1,794	-100%	$0.000000^*	0	01 May 2023	Common Stock	1,794		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.