Patrick A. Lytle - 01 Jul 2024 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: 01 Jul 2024
Net transactions value: -$42,606
Form type: 4
Filing time: 03 Jul 2024, 16:16:29 UTC
Previous filing: 09 Aug 2023
Next filing: 26 Jul 2024
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	$7,879	+293	+2.9%	$26.89	10,391	29 Dec 2023	Direct	F1
transaction	SM	Common Stock, $.01 Par Value	Other	$12,934	+393	+3.8%	$32.91	10,784	28 Jun 2024	Direct	F2
transaction	SM	Common Stock, $.01 Par Value	Options Exercise		+1,503	+14%		12,287	01 Jul 2024	Direct	F3
transaction	SM	Common Stock, $.01 Par Value	Tax liability	$18,719	-433	-3.5%	$43.23	11,854	01 Jul 2024	Direct
transaction	SM	Common Stock, $.01 Par Value	Options Exercise		+1,223	+10%		13,077	01 Jul 2024	Direct	F4
transaction	SM	Common Stock, $.01 Par Value	Tax liability	$15,217	-352	-2.7%	$43.23	12,725	01 Jul 2024	Direct
transaction	SM	Common Stock, $.01 Par Value	Options Exercise		+2,371	+19%		15,096	01 Jul 2024	Direct	F5
transaction	SM	Common Stock, $.01 Par Value	Tax liability	$29,483	-682	-4.5%	$43.23	14,414	01 Jul 2024	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		-1,503	-100%		0	01 Jul 2024	Common Stock, $.01 Par Value	1,503		Direct	F3
transaction	SM	Restricted Stock Units	Options Exercise		-1,223	-50%		1,223	01 Jul 2024	Common Stock, $.01 Par Value	1,223		Direct	F4
transaction	SM	Restricted Stock Units	Options Exercise		-2,371	-33%		4,742	01 Jul 2024	Common Stock, $.01 Par Value	2,371		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 293 shares of the Issuer's common stock on December 29, 2023, through the Issuer's Employee Stock Purchase Plan.
F2	The Reporting Person purchased 393 shares of the Issuer's common stock on June 28, 2024, 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 annual installments beginning on July 1, 2022. 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, 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.
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, 2024. 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.