Jefferies Financial Group Inc. - 13 Jan 2023 Form 4 Insider Report for Vitesse Energy, Inc. (VTS)

Reporting relationship: 10%+ Owner
Issuer ticker: VTS
Reported as of: 13 Jan 2023
Net transaction value: $0
SEC form: 4
Accepted by SEC: 17 Jan 2023, 20:52:59 UTC
Prior SEC filing: 06 Jan 2023
Next SEC filing: 04 Oct 2023
Source filing: View source filing
Reporting owner signature: /s/ Michael J. Sharp, Executive Vice President and General Counsel, on behalf of Jefferies Financail Group Inc.

Key filing fact

Jefferies Financial Group Inc. filed Form 4 for Vitesse Energy, Inc. (VTS) on 17 Jan 2023.

Key facts

This page summarizes Jefferies Financial Group Inc.'s Form 4 filing for Vitesse Energy, Inc. (VTS).
3 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 17 Jan 2023, 20:52.

Change

Previous filing in this sequence was filed on 06 Jan 2023.
Current net transaction value: $0.

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.

VTS transaction

Common Stock

Other

Transaction value
Shares: +25,913,891
Change %: +2591389%
Price
Shares after: 25,914,891
Date: 13 Jan 2023
Ownership: Direct
Footnotes: F1, F2

VTS transaction

Common Stock

Other

Transaction value
Shares: +696,304
Change %: +2.7%
Price
Shares after: 26,611,195
Date: 13 Jan 2023
Ownership: Direct
Footnotes: F3

VTS transaction

Common Stock

Other

Transaction value
Shares: -26,611,195
Change %: -100%
Price
Shares after: 0
Date: 13 Jan 2023
Ownership: Direct
Footnotes: F4

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

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Jefferies Financial Group Inc. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 4 footnotes

Footnote F1

25,913,891 shares of Vitesse Energy, Inc. (the "Issuer") common stock were acquired by Vitesse Energy Finance LLC in exchange for 450,000,000 Vitesse Energy, LLC common units in connection with the merger of Vitesse Energy, LLC into VE MergerSub LLC, a wholly owned subsidiary of the Issuer. Through a series of distributions following such merger, such shares of common stock of the Issuer became held directly by Jefferies Financial Group Inc. ("Jefferies").

Footnote F2

1,000 shares of common stock of the Issuer were previously reported as held indirectly by Jefferies. In connection with the distributions described in footnote 1, such shares became held directly by Jefferies.

Footnote F3

The 696,304 shares of common stock of the Issuer were acquired by Jefferies indirectly in exchange for 48,000,000 Vitesse Oil, LLC common units owned by certain indirect, partially owned subsidiaries of Jefferies in connection with the merger of Vitesse Oil, LLC into VO MergerSub LLC, a wholly owned subsidiary of the Issuer. Through a series of distributions following such merger, 696,304 shares of common stock of the Issuer became held directly by Jefferies. Such distributions included the distribution of some of the Issuer common stock held by Jefferies Capital Partners V L.P. and Jefferies SBI USA Fund L.P to their partners, of which Jefferies owns a portion of the limited partner interests of each such fund and a portion of the economic general partner interest of Jefferies Capital Partners V L.P., in accordance with their respective limited partnership agreements.

Footnote F4

This transaction relates to the spin-off of the Issuer from Jefferies effective January 13, 2023 (the "Spin-Off"). To effect the Spin-Off, all shares of common stock of the Issuer held by Jefferies were distributed, by way of a pro rata dividend, to holders of Jefferies common stock. As a result of the Spin-Off, Jefferies no longer beneficially owns any shares of common stock of the Issuer.