Dean P. Freeman - 02 Feb 2023 Form 4 Insider Report for Benson Hill, Inc. (BHILQ)

Role: Chief Financial Officer
Signature: /s/ Yevgeny Fundler, Attorney-in-Fact
Issuer symbol: BHILQ
Transactions as of: 02 Feb 2023
Net transactions value: -$68,186
Form type: 4
Filing time: 06 Feb 2023, 16:25:09 UTC
Previous filing: 13 Dec 2022
Next filing: 13 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BHIL	Common Stock	Options Exercise		+75,000	+69%		184,230	02 Feb 2023	Direct	F1, F2
transaction	BHIL	Common Stock	Sale	$68,186	-26,703	-14%	$2.55	157,527	06 Feb 2023	Direct	F3, F4, F5

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	BHIL	Restricted Stock Units	Options Exercise	$0	-75,000	-25%	$0.000000	225,000	02 Feb 2023	Common Stock, $0.0001 par value per share	75,000		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents vesting of the first of four tranches of restricted stock units granted on March 17, 2022. The remaining tranches will vest in substantially equal installments on February 2, 2024, 2025 and 2026.
F2	Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
F3	Represents shares automatically sold pursuant to an irrevocable sell-to-cover instruction intended to satsify the provisions of Rule 10b5-1. The shares were sold to satisfy tax withholding obligations in connection with the vesting of 75,000 restricted stock units on on February 2, 2023.
F4	The reporting person's sale of the Issuer's common stock reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, as amended, with the reporting person's purchase of shares of the Issuer's common stock on December 12, 2022. The reporting person has agreed to pay the Issuer, upon confirmation of settlement of the sale, the full amount of the profit realized in connection with the transaction.
F5	This transaction was executed in multiple trades ranging from $2.50 to $2.585. The price reported above reflects the average weighted sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.