Lori Ann Flees - 02 May 2023 Form 4 Insider Report for VALVOLINE INC (VVV)

Role: SVP and Pres., Retail Services
Signature: /s/ Ian C. Lofwall, Attorney-in-Fact
Issuer symbol: VVV
Transactions as of: 02 May 2023
Net transactions value: -$58,839
Form type: 4
Filing time: 03 May 2023, 21:39:48 UTC
Previous filing: 01 Dec 2022
Next filing: 30 Aug 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	+5,460		$0.000000	5,460	02 May 2023	Direct
transaction	VVV	Common Stock	Tax liability	$58,839	-1,726	-32%	$34.09	3,734	02 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	-5,460	-33%	$0.000000	10,922	02 May 2023	Common Stock	5,460		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.