William O'Dell Jr. - Jul 24, 2023 Form 4 Insider Report for ChampionX Corp (CHX)

Signature
/s/ Julia Wright, as attorney-in-fact
Stock symbol
CHX
Transactions as of
Jul 24, 2023
Transactions value $
-$420,000
Form type
4
Date filed
7/25/2023, 06:07 PM
Previous filing
Jun 7, 2023
Next filing
Feb 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CHX Common Stock Sale -$420K -12K -14.85% $35.00 68.8K Jul 24, 2023 Direct F1
* 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 These sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2022. The shares were sold in multiple trades, each at $35.00 per share. The Reporting Person undertakes to provide, upon request, to the Securities and Exchange Commission staff, the Issuer or a security holder, full information regarding the number of shares and prices at which the transactions were effected.

Remarks:

President, Oilfield and Specialty Performance