Daniel P. Rohling - 05 Mar 2025 Form 4 Insider Report for BATTALION OIL CORP (BATL)

Role
Chief Operating Officer
Signature
/s/ Walter R. Mayer, Attorney-in-fact
Issuer symbol
BATL
Transactions as of
05 Mar 2025
Transactions value $
$0
Form type
4
Filing time
07 Mar 2025, 20:08:12 UTC
Previous filing
22 Nov 2024
SEC
View on sec.gov

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 BATL Restricted Stock Unit Options Exercise $0 +6,641 $0 0 05 Mar 2025 Common Stock 6,641 Direct F1, F2
transaction BATL Equity Grant Units Other $0 +22,902 $0 0 05 Mar 2025 Common Stock 22,902 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit represents a contingent right to receive one share of Issuer's common stock, which, pursuant to the Issuer's 2020 Long-Term Incentive Plan, at the election of the Issuer will be settled in cash.
F2 The scheduled vesting of the Restricted Stock Units occurred on Feb. 20, 2024, and settlement in cash has been resolved to be paid on Mar. 11, 2025.
F3 On Sep. 23 and Nov. 22, 2024, the Reporting Person filed Form 4s reporting awards of 18,322 and 4,580 Equity Grant Units ("EGU"), respectively. Each EGU represents the right to receive a cash payment equivalent to the value of a share of the Issuer's common stock upon the satisfaction of certain conditions.
F4 Effective Mar. 5, 2025, the Reporting Person agreed to forfeit, waive and nullify any and all rights associated with EGUs; accordingly, the Issuer rescinded the award and the associated EGUs were cancelled.