D. Clay Bretches - Jan 3, 2023 Form 4 Insider Report for APA Corp (APA)

Role: Exec. VP, Operations
Signature: Raj Sharma, Attorney-in-Fact
Stock symbol: APA
Transactions as of: Jan 3, 2023
Transactions value $: -$754,059
Form type: 4
Date filed: 1/5/2023, 03:32 PM
Previous filing: Jan 4, 2023
Next filing: Jan 9, 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	APA	Common Stock	Options Exercise	$0	+5.26K	+19.41%	$0.00	32.3K	Jan 3, 2023	Direct	F1
transaction	APA	Common Stock	Tax liability	-$90.2K	-2.07K	-6.4%	$43.62	30.3K	Jan 3, 2023	Direct	F2
transaction	APA	Common Stock	Options Exercise		+3.5K	+11.58%		33.8K	Jan 3, 2023	Direct	F3
transaction	APA	Common Stock	Disposed to Issuer	-$153K	-3.5K	-10.38%	$43.62	30.3K	Jan 3, 2023	Direct	F3
transaction	APA	Common Stock	Options Exercise		+11.7K	+38.72%		42K	Jan 3, 2023	Direct	F3
transaction	APA	Common Stock	Disposed to Issuer	-$511K	-11.7K	-27.91%	$43.62	30.3K	Jan 3, 2023	Direct	F3

Showing 1 to 6 of 6 entries

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	APA	Restricted Stock / Units	Options Exercise	$0	-5.26K	-4.99%	$0.00	100K	Jan 3, 2023	Common Stock	5.26K	$0.00	Direct	F1, F4
transaction	APA	Restricted Stock / Units	Options Exercise	$0	-3.5K	-3.5%	$0.00	96.6K	Jan 3, 2023	Common Stock	3.5K	$0.00	Direct	F3, F5
transaction	APA	Restricted Stock / Units	Options Exercise	$0	-11.7K	-12.13%	$0.00	84.8K	Jan 3, 2023	Common Stock	11.7K	$0.00	Direct	F3, F5
transaction	APA	Restricted Stock / Units	Award	$0	+15.4K	+18.12%	$0.00	100K	Jan 4, 2023	Common Stock	15.4K	$0.00	Direct	F4, F6, F7
transaction	APA	Restricted Stock / Units	Award	$0	+10.2K	+10.23%	$0.00	110K	Jan 4, 2023	Common Stock	10.2K	$0.00	Direct	F4, F6, F8

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

Explanation of Responses:

Id	Content
F1	Vesting on 01/03/2023 of restricted stock units under the employer plan. Vesting occurs ratably over three years.
F2	Shares withheld to cover required tax withholding on vesting of restricted stock.
F3	Each restricted stock unit is the economic equivalent of one share of the Issuer's common stock and can only be settled in cash.
F4	One share of APA common stock for each restricted stock unit.
F5	Vesting on 01/03/2023 of cash-based restricted stock units under employer plan. Vesting occurs on 01/03/2023, 01/05/2023, and 01/05/2024.
F6	With tandem tax withholding right.
F7	Restricted stock units granted 01/04/2023 under employer plan. The units vests ratably over three years.
F8	Restricted stock units granted 01/04/2023 under employer plan. The units vests ratably over three years and may only be paid in cash.