Key facts
- This page summarizes Strategic Value Partners, LLC's Form 4 filing for SILVERBOW RESOURCES, INC..
- 1 reported transaction and 0 derivative rows are listed below.
- Accepted by SEC: 15 Dec 2023, 16:31.
Strategic Value Partners, LLC - 14 Dec 2023 Form 4 Insider Report for SILVERBOW RESOURCES, INC.
- Reporting relationship
- Former 10% Owner
- Issuer ticker
- N/A
- Reported as of
- 14 Dec 2023
- Net transaction value
- -$68,057,000
- SEC form
- 4
- Accepted by SEC
- 15 Dec 2023, 16:31:18 UTC
- Prior SEC filing
- 13 Nov 2023
- Next SEC filing
- 29 Jul 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Lewis Schwartz, as Chief Financial Officer of Strategic Value Partners, LLC
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Strategic Value Partners, LLC filed Form 4 for SILVERBOW RESOURCES, INC. on 15 Dec 2023.
Change
- Previous filing in this sequence was filed on 13 Nov 2023.
- Current net transaction value: -$68,057,000.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
SBOW
transaction
Common Stock
Sale
- Transaction value
- $68,057,000
- Shares
- -2,530,000
- Change %
- -87%
- Price
- $26.90
- Shares after
- 393,351
- Date
- 14 Dec 2023
- Ownership
- See footnotes
- Footnotes
- F1, F2, F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Strategic Value Partners, LLC 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
Represents 2,530,000 shares of Common Stock sold at a price of $26.90 per share to the underwriters pursuant to the Underwriting Agreement filed with the SEC as Exhibit 1.1 to the Current Report on Form 8-K filed by the Issuer on December 14, 2023, in connection with a registered public offering of shares of Common Stock by SVMF 71 LLC, as selling stockholder.
Footnote F2
The reported shares are held directly by SVMF 71 LLC. Strategic Value Partners, LLC (i) is the investment manager of Strategic Value Master Fund, Ltd., which has an ownership interest in SVMF 70 LLC, which has an ownership interest in SVMF 71 LLC, (ii) is the managing member of SVP Special Situations III LLC, which is the investment manager of Strategic Value Special Situations Master Fund III, L.P., which has an ownership interest in SVMF 70 LLC, which has an ownership interest in SVMF 71 LLC, and (iii) is the managing member of SVP Special Situations III-A LLC, which is the investment manager of Strategic Value Opportunities Fund, L.P., which has an ownership interest in SVMF 71 LLC.
Footnote F3
Mr. Khosla is the managing member of Milestone Holding Company, LLC, which in turn is the sole managing member of Midwood Holdings, LLC. Midwood Holdings, LLC is the managing member of Strategic Value Partners, LLC. Mr. Khosla is also the indirect majority owner and control person of Strategic Value Partners, LLC, SVP Special Situations III LLC and SVP Special Situations III-A LLC.
Footnote F4
The filing of this Form 4 shall not be construed as an admission that the Reporting Persons are or were for the purposes of Section 16(a) of the Exchange Act, or otherwise, the beneficial owners of any of the shares of common stock of the Issuer. The Reporting Persons disclaim such beneficial ownership, except to the extent of their pecuniary interest, if any.