Stephen J. Riney - 05 Jan 2023 Form 4 Insider Report for APA Corp (APA)

Role: Executive Vice Pres & CFO
Signature: Raj Sharma, Attorney-in-Fact
Issuer symbol: APA
Transactions as of: 05 Jan 2023
Net transactions value: -$870,111
Form type: 4
Filing time: 09 Jan 2023, 16:45:32 UTC
Previous filing: 05 Jan 2023
Next filing: 26 Jan 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	APA	Common Stock	Options Exercise	$0	+19,654	+84%	$0.000000	42,966	05 Jan 2023	Direct	F1
transaction	APA	Common Stock	Tax liability	$322,972	-7,734	-18%	$41.76	35,232	05 Jan 2023	Direct	F2
transaction	APA	Common Stock	Options Exercise		+13,102	+37%		48,334	05 Jan 2023	Direct	F3
transaction	APA	Common Stock	Disposed to Issuer	$547,140	-13,102	-27%	$41.76	35,232	05 Jan 2023	Direct	F3
holding	APA	Common Stock						110,595	05 Jan 2023	Lisa Riney 2016 Family Trust
holding	APA	Common Stock						94,682	05 Jan 2023	Held By Trustee of NQ Plan

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	APA	Restricted Stock / Units	Options Exercise	$0	-19,654	-13%	$0.000000	136,588	05 Jan 2023	Common Stock	19,654	$0.000000	Direct	F1, F4
transaction	APA	Restricted Stock / Units	Options Exercise	$0	-13,102	-9.6%	$0.000000	123,486	05 Jan 2023	Common Stock	13,102	$0.000000	Direct	F3, F5

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

Explanation of Responses:

Id	Content
F1	Vesting on 01/05/2023 of restricted stock units under the employer plan. Vesting occurs ratably over three years.
F2	Shares withheld to cover required tax withholding on vesting of restricted stock.
F3	Each restricted stock unit is the economic equivalent of one share of the Issuer's common stock and can only be settled in cash.
F4	One share of APA common stock for each restricted stock unit.
F5	Vesting on 01/05/2023 of cash-based restricted stock units under employer plan. Vesting occurs ratably over three years.