Patrick A. Lytle - 03 Jul 2023 Form 4 Insider Report for SM Energy Co (SM)

Role: VP - Chief Accounting Officer
Signature: Andrew T. Fiske (Attorney-in-Fact)
Issuer symbol: SM
Transactions as of: 03 Jul 2023
Net transactions value: -$24,656
Form type: 4
Filing time: 06 Jul 2023, 16:29:48 UTC
Previous filing: 12 Sep 2022
Next filing: 24 Jul 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SM	Common Stock, $.01 Par Value	Other	$7,214	+249	+2%	$28.97	12,712	30 Dec 2022	Direct	F1
transaction	SM	Common Stock, $.01 Par Value	Other	$12,001	+451	+3.5%	$26.61	13,163	30 Jun 2023	Direct	F2
transaction	SM	Common Stock, $.01 Par Value	Options Exercise		+2,091	+16%		15,254	03 Jul 2023	Direct	F3
transaction	SM	Common Stock, $.01 Par Value	Tax liability	$19,041	-602	-3.9%	$31.63	14,652	03 Jul 2023	Direct
transaction	SM	Common Stock, $.01 Par Value	Options Exercise		+1,503	+10%		16,155	03 Jul 2023	Direct	F4
transaction	SM	Common Stock, $.01 Par Value	Tax liability	$13,696	-433	-2.7%	$31.63	15,722	03 Jul 2023	Direct
transaction	SM	Common Stock, $.01 Par Value	Options Exercise		+1,222	+7.8%		16,944	03 Jul 2023	Direct	F5
transaction	SM	Common Stock, $.01 Par Value	Tax liability	$11,134	-352	-2.1%	$31.63	16,592	03 Jul 2023	Direct

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	SM	Restricted Stock Units	Options Exercise		-2,091	-100%		0	03 Jul 2023	Common Stock, $.01 Par Value	2,091		Direct	F3
transaction	SM	Restricted Stock Units	Options Exercise		-1,503	-50%		1,503	03 Jul 2023	Common Stock, $.01 Par Value	1,503		Direct	F4
transaction	SM	Restricted Stock Units	Options Exercise		-1,222	-33%		2,446	03 Jul 2023	Common Stock, $.01 Par Value	1,222		Direct	F5

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

Explanation of Responses:

Id	Content
F1	The Reporting Person purchased 249 shares of the Issuer's common stock on December 30, 2022, through the Issuer's Employee Stock Purchase Plan.
F2	The Reporting Person purchased 451 shares of the Issuer's common stock on June 30, 2023, through the Issuer's Employee Stock Purchase Plan.
F3	Each restricted stock unit represents a contingent right to receive one share of stock. The restricted stock unit grant vested in three equal installments on December 14, 2021, July 1, 2022 and July 1, 2023. The vested shares were issued to the Reporting Person on the vesting dates, at which time all restrictions on the vested shares lapsed.
F4	Each restricted stock unit represents a contingent right to receive one share of stock. The restricted stock unit grant vests in three equal annual installments beginning on July 1, 2022. The vested shares will be issued to the Reporting Person on the vesting dates, at which time all restrictions on the vested shares will lapse.
F5	Each restricted stock unit represents a contingent right to receive one share of stock. The restricted stock unit grant vests in three equal annual installments beginning on July 1, 2023. The vested shares will be issued to the Reporting Person on the vesting dates, at which time all restrictions on the vested shares will lapse.