Robert K. Galloway - 20 Dec 2024 Form 4 Insider Report for ChampionX Corp (CHX)

Role: Pres., Drilling Technologies
Signature: /s/ Julia Wright, as attorney-in-fact
Issuer symbol: CHX
Transactions as of: 20 Dec 2024
Transactions value $: -$228,370
Form type: 4
Filing time: 26 Dec 2024, 21:21:48 UTC
Previous filing: 21 Feb 2024
Next filing: 05 Feb 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CHX	Common Stock	Tax liability	-$228,370	-8,855	-12.57%	$25.79	61,580	20 Dec 2024	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Represents stock withheld to cover taxes resulting from the settlement of previously reported restricted stock unit awards ("RSUs") in connection with the Issuer's mitigation of the potential impact to certain employees under Sections 280G and 4999 of the U.S. Internal Revenue Code, as amended, resulting from the treatment of potential payments that may be made in connection with the merger between the Company, Schlumberger Limited, a Curacao corporation ("SLB"), Sodium Holdco, Inc., a Delaware corporation and indirect wholly owned subsidiary of SLB ("Sodium US"), and Sodium Merger Sub, Inc., a Delaware corporation and direct wholly owned subsidiary of SLB and Sodium US ("Merger Sub"), pursuant to which Merger Sub will be merged with and into the Issuer, with the Issuer surviving the merger as an indirect wholly owned subsidiary of SLB. The restricted stock remains subject to the same vesting schedules as the corresponding restricted stock unit awards.

Content

Represents stock withheld to cover taxes resulting from the settlement of previously reported restricted stock unit awards ("RSUs") in connection with the Issuer's mitigation of the potential impact to certain employees under Sections 280G and 4999 of the U.S. Internal Revenue Code, as amended, resulting from the treatment of potential payments that may be made in connection with the merger between the Company, Schlumberger Limited, a Curacao corporation ("SLB"), Sodium Holdco, Inc., a Delaware corporation and indirect wholly owned subsidiary of SLB ("Sodium US"), and Sodium Merger Sub, Inc., a Delaware corporation and direct wholly owned subsidiary of SLB and Sodium US ("Merger Sub"), pursuant to which Merger Sub will be merged with and into the Issuer, with the Issuer surviving the merger as an indirect wholly owned subsidiary of SLB. The restricted stock remains subject to the same vesting schedules as the corresponding restricted stock unit awards.