Dane E. Whitehead - 16 Nov 2022 Form 4 Insider Report for MARATHON OIL CORP

Role: Executive VP and CFO
Signature: John D. Montanti, Attorney-in-Fact for Dane E. Whitehead
Issuer symbol: N/A
Transactions as of: 16 Nov 2022
Net transactions value: -$1,727,976
Form type: 4
Filing time: 17 Nov 2022, 15:39:12 UTC
Previous filing: 08 Nov 2022
Next filing: 27 Jan 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MRO	Common Stock	Gift	$0	-3,170	-1.5%	$0.000000	202,700	14 Nov 2022	Direct	F1
transaction	MRO	Common Stock	Sale	$644,408	-20,000	-9.9%	$32.22	182,700	16 Nov 2022	Direct	F2
transaction	MRO	Common Stock	Options Exercise	$1,185,173	+70,588	+39%	$16.79	253,288	16 Nov 2022	Direct
transaction	MRO	Common Stock	Sale	$2,268,741	-70,588	-28%	$32.14	182,700	16 Nov 2022	Direct	F3

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	MRO	Employee Stock Option (Right to Buy)	Options Exercise	$0	-70,588	-100%	$0.000000^*	0	16 Nov 2022	Common Stock	70,588	$16.79	Direct	F4

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

Explanation of Responses:

Id	Content
F1	Reflects the gift of common stock to a charitable donor advised fund.
F2	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.210 to $32.245, inclusive. The reporting person undertakes to provide to Marathon Oil Corporation, any security holder of Marathon Oil Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
F3	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.100 to $32.195, inclusive. The reporting person undertakes to provide to Marathon Oil Corporation, any security holder of Marathon Oil Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
F4	This stock option to acquire 70,588 shares of the common stock of Marathon Oil Corporation was granted on February 27, 2019 and vested in three annual installments as follows: 23,529 options vested on February 27, 2020, 23,529 options vested on February 27, 2021 and 23,530 options vested on February 27, 2022.