Lester Zitkus - 17 May 2024 Form 4 Insider Report for GULFPORT ENERGY CORP (GPOR)

Role
SVP, Land
Signature
/s/ Patrick Craine, Attorney-in-Fact
Issuer symbol
GPOR
Transactions as of
17 May 2024
Net transactions value
-$3,380,953
Form type
4
Filing time
21 May 2024, 18:15:44 UTC
Previous filing
05 Mar 2024
Next filing
23 Jul 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPOR Common Stock Award $0 +22,395 +251% $0.000000 31,329 17 May 2024 Direct F1
transaction GPOR Common Stock Tax liability $1,564,220 -9,877 -32% $158.37 21,452 17 May 2024 Direct F2
transaction GPOR Common Stock Sale $522,109 -3,264 -15% $159.96 18,188 20 May 2024 Direct
transaction GPOR Common Stock Sale $1,294,623 -8,100 -45% $159.83 10,088 21 May 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These securities are performance-based restricted stock units for the performance period from May 17, 2021, to May 17, 2024, that were granted under the issuer's equity incentive plan on November 11, 2021. All of these performance-based restricted stock units vested as of May 17, 2024, upon certification by the issuer's compensation committee of the applicable performance conditions on May 17, 2024.
F2 The issuer withheld shares of common stock that would have otherwise been issuable to the reporting person to satisfy the issuer's tax withholding obligations in connection with the vesting and settlement of the performance-based restricted stock units granted on November 11, 2021, and vested upon certification by the issuer's compensation committee on May 17, 2024. The number of shares of common stock withheld was determined based on the closing price per share of the issuer's common stock on May 17, 2024.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $159.68 to $159.94, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, 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 ranges set forth in this footnote.