Robert John Anderson - 02 Feb 2023 Form 4 Insider Report for EARTHSTONE ENERGY INC (ESTE)

Role: President and CEO, Director
Signature: /s/ Robert J. Anderson
Issuer symbol: ESTE
Transactions as of: 02 Feb 2023
Transactions value $: $-1,423,391
Form type: 4
Filing time: 06 Feb 2023, 15:23:21 UTC
Previous filing: 09 Jan 2023
Next filing: 20 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ESTE	Class A Common Stock	Options Exercise	$0	+262,500	+40.6%	$0.000000	909,303	02 Feb 2023	Direct	F1
transaction	ESTE	Class A Common Stock	Tax liability	$-1,423,391	-103,294	-11.4%	$13.78	806,009	02 Feb 2023	Direct	F2

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	ESTE	Performance Stock Unit	Options Exercise	$0	-262,500	-100%	$0.000000^*	0	02 Feb 2023	Class A Common Stock	262,500		Direct	F1

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

Explanation of Responses:

Id	Content
F1	Shares of Class A Common Stock issued by the Registrant to the reporting person arising from the vesting and settlement of a performance unit award granted under the Earthstone Energy, Inc. 2014 Long-Term Incentive Plan.
F2	Shares of Class A Common Stock withheld by the Registrant to cover tax withholding obligations of the reporting person arising from the settlement of a performance unit award on February 2, 2023 granted under the Earthstone Energy, Inc. 2014 Long-Term Incentive Plan.