| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SMC | Common Stock | Sale | -$40.1K | -1K | -0.4% | $40.11 | 246K | Jan 17, 2025 | Direct | F1, F2 |
| transaction | SMC | Common Stock | Options Exercise | +32.8K | +13.31% | 279K | Jan 18, 2025 | Direct | F3 | ||
| transaction | SMC | Common Stock | Tax liability | -$392K | -9.44K | -3.38% | $41.57 | 269K | Jan 18, 2025 | Direct | F4 |
| transaction | SMC | Common Stock | Sale | -$42.1K | -1K | -0.37% | $42.06 | 268K | Jan 21, 2025 | Direct | F1, F5 |
| transaction | SMC | Common Stock | Sale | -$42.7K | -1K | -0.37% | $42.73 | 267K | Jan 22, 2025 | Direct | F1, F6 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SMC | Corporation Restricted Stock Units | Options Exercise | $0 | -32.8K | -9.99% | $0.00 | 295K | Jan 18, 2025 | Common Stock | 32.8K | Direct | F3, F7, F8, F9 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | These Common Stocks were sold in compliance with a qualified selling plan adopted by the reporting person pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. |
| F2 | The price reported in Column 4 is a weighted average price and has been rounded to the nearest cent. These Common Stocks were sold in multiple transactions at prices ranging from $38.48 to $41.95, inclusive. The reporting person undertakes to provide to Summit Midstream Corporation, any security holder of Summit Midstream Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Common Stocks sold at each separate price within the ranges set forth in footnote 2 to this Form 4. |
| F3 | Each corporation restricted stock unit is the economic equivalent of one common stock. |
| F4 | Common stocks being withheld to pay tax liability. |
| F5 | The price reported in Column 4 is a weighted average price and has been rounded to the nearest cent. These Common Stocks were sold in multiple transactions at prices ranging from $41.33 to $42.61, inclusive. The reporting person undertakes to provide to Summit Midstream Corporation, any security holder of Summit Midstream Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Common Stocks sold at each separate price within the ranges set forth in footnote 5 to this Form 4. |
| F6 | The price reported in Column 4 is a weighted average price and has been rounded to the nearest cent. These Common Stocks were sold in multiple transactions at prices ranging from $41.54 to $43.89, inclusive. The reporting person undertakes to provide to Summit Midstream Corporation, any security holder of Summit Midstream Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Common Stocks sold at each separate price within the ranges set forth in footnote 6 to this Form 4. |
| F7 | One-third of the corporation restricted stock units subject to the original award agreement vested on January 18, 2025, with the remaining corporation restricted stock units subject to vesting on the second and third anniversaries of the January 18, 2024 reference date, subject to continued employment. The Reporting Person received distribution equivalent rights ("DERs") for each corporation restricted stock unit, providing for payment on the vesting date of a lump sum of cash equal to the accrued distributions from and after the grant date of the corporation restricted stock units. |
| F8 | The corporation restricted stock units and associated DERs do not expire. The corporation restricted stock units are settled upon vesting in common stocks (on a one-for-one basis) or in cash, at the discretion of the Issuer. |
| F9 | This total includes corporation restricted stock units from other tranches with different vesting dates. |