Maria C. Borras - May 24, 2024 Form 4 Insider Report for Baker Hughes Co (BKR)

Signature
/s/ Fernando Contreras, Attorney-in-fact
Stock symbol
BKR
Transactions as of
May 24, 2024
Transactions value $
-$1,377,720
Form type
4
Date filed
5/29/2024, 04:20 PM
Previous filing
Mar 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BKR Class A Common Stock Sale -$1.22M -38K -29.21% $32.00 92K May 24, 2024 Direct F1
transaction BKR Class A Common Stock Options Exercise $414K +18K +19.56% $22.98 110K May 24, 2024 Direct F1
transaction BKR Class A Common Stock Sale -$576K -18K -16.36% $32.00 92K May 24, 2024 Direct F1

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 BKR Stock Option (Right to Buy) Options Exercise $0 -18K -76.32% $0.00 5.59K May 24, 2024 Class A Common Stock 18K $22.98 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction is pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 21, 2024.
F2 The stock option was granted on January 23, 2019 and vested in three equal annual installments beginning one year from the date of grant.