David E. Sheppard - 29 Aug 2023 Form 4 Insider Report for DENBURY INC

Role: EVP and COO
Signature: /s/ Robbie Hudson, attorney-in-fact for Mr. Sheppard
Issuer symbol: N/A
Transactions as of: 29 Aug 2023
Net transactions value: +$7,436
Form type: 4
Filing time: 31 Aug 2023, 18:22:05 UTC
Previous filing: 09 Mar 2023
Next filing: 06 Nov 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DEN	Common Stock	Options Exercise	$7,436	+210	+0.14%	$35.41	148,656	29 Aug 2023	Direct

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	DEN	Series B Warrants (Right to Buy)	Options Exercise	$0	-347	-100%	$0.000000^*	0	29 Aug 2023	Common Stock	347	$35.41	Direct	F1

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

Explanation of Responses:

Id	Content
F1	On August 29, 2023, Mr. Sheppard exercised his aggregate holdings of 347 Series B Warrants on a cashless basis at the exercise price of $35.41 per share, resulting in a net issuance to Mr. Sheppard of 210 shares of Denbury Inc. common stock, in accordance with the Series B Warrant Agreement, dated September 18, 2020.