Deric D. Bryant - 01 Aug 2023 Form 4 Insider Report for ChampionX Corp (CHX)

Signature
/s/ Julia Wright, as attorney-in-fact
Issuer symbol
CHX
Transactions as of
01 Aug 2023
Net transactions value
-$664,398
Form type
4
Filing time
01 Aug 2023, 18:14:02 UTC
Previous filing
25 Jul 2023
Next filing
05 Sep 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CHX Common Stock Sale $664,398 -18,771 -5.3% $35.39 336,163 01 Aug 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 February 24, 2023. The shares were sold in multiple trades at prices ranging from $35.15 to $35.56, inclusive. 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:

Chief Operating Officer and President, Chemical Technologies