Adam K. Altsuler - 16 Feb 2023 Form 4 Insider Report for USD Partners LP (USDP)

Reporting relationship: Officer
Issuer ticker: USDP
Reported as of: 16 Feb 2023
Net transaction value: -$62,120
SEC form: 4
Accepted by SEC: 21 Feb 2023, 15:22:20 UTC
Prior SEC filing: 18 Feb 2022
Source filing: View source filing
Reporting owner signature: /s/ Adam K. Altsuler

Key filing fact

Adam K. Altsuler filed Form 4 for USD Partners LP (USDP) on 21 Feb 2023.

Key facts

This page summarizes Adam K. Altsuler's Form 4 filing for USD Partners LP (USDP).
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 21 Feb 2023, 15:22.

Change

Previous filing in this sequence was filed on 18 Feb 2022.
Current net transaction value: -$62,120.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

USDP transaction

COMMON UNITS (LIMITED PARTNER INTERESTS)

Award

Transaction value: $0
Shares: +35,141
Change %: +17%
Price: $0.000000
Shares after: 243,638
Date: 16 Feb 2023
Ownership: Direct
Footnotes: F1, F2

USDP transaction

COMMON UNITS (LIMITED PARTNER INTERESTS)

Tax liability

Transaction value: $62,120
Shares: -17,548
Change %: -7.2%
Price: $3.54
Shares after: 226,090
Date: 16 Feb 2023
Ownership: Direct
Footnotes: F3, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Represents the grant of phantom units. Each phantom unit is the economic equivalent of one common unit of USDP. The phantom units vest in four annual installments commencing on the one-year anniversary of the issuance date.

Footnote F2

Includes 137,126 phantom units.

Footnote F3

Represents common units of limited partnership interest withheld by the Issuer to satisfy tax withholding obligations upon the vesting of outstanding phantom units.

Footnote F4

Includes 96,513 phantom units.

SEC remarks

The Reporting Person is Executive Vice President and Chief Financial Officer of USD Partners GP LLC, the general partner of the Issuer (the "General Partner"). The Issuer is managed by the directors and executive officers of the General Partner.