John J. Christmann - 04 Jan 2024 Form 4 Insider Report for APA Corp (APA)

Role: CEO and President, Director
Signature: Raj Sharma, Attorney-in-Fact
Issuer symbol: APA
Transactions as of: 04 Jan 2024
Net transactions value: -$828,334
Form type: 4
Filing time: 08 Jan 2024, 09:13:05 UTC
Previous filing: 03 Jan 2024
Next filing: 09 Jan 2024
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		+15,297	+2.9%		538,928	04 Jan 2024	Direct	F1
transaction	APA	Common Stock	Disposed to Issuer	$520,863	-15,297	-2.8%	$34.05	523,631	04 Jan 2024	Direct	F1
transaction	APA	Common Stock	Options Exercise	$0	+22,946	+4.4%	$0.000000	546,577	04 Jan 2024	Direct	F2
transaction	APA	Common Stock	Tax liability	$307,472	-9,030	-1.7%	$34.05	537,547	04 Jan 2024	Direct	F3
holding	APA	Common Stock						1,625	04 Jan 2024	By JJC IV 1984 Trust
holding	APA	Common Stock						7,957	04 Jan 2024	By JJC V 1998 Trust
holding	APA	Common Stock						7,957	04 Jan 2024	By CAC 1998 Trust
holding	APA	Common Stock						7,957	04 Jan 2024	By CEC 2003 Trust
holding	APA	Common Stock						135,860	04 Jan 2024	Held by Trustee of NQ Plan
holding	APA	Common Stock						2,888	04 Jan 2024	Held by Trustee of 401(k) 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	-15,297	-6.6%	$0.000000	214,931	04 Jan 2024	Common Stock	15,297	$0.000000	Direct	F1, F4, F5
transaction	APA	Restricted Stock / Units	Options Exercise	$0	-22,946	-11%	$0.000000	191,985	04 Jan 2024	Common Stock	22,946	$0.000000	Direct	F2, F4, F6

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit is the economic equivalent of one share of the Issuer's common stock and can only be settled in cash.
F2	Vesting on 01/04/2024 of restricted stock units under the employer plan. Vesting occurs ratably over three years.
F3	Shares withheld to cover required tax withholding on vesting of restricted stock.
F4	With tandem tax withholding right.
F5	Vesting on 01/04/2024 of cash-based restricted stock units under employer plan. Vesting occurs ratably over three years.
F6	One share of APA common stock for each phantom stock unit.