EnCap Energy Capital Fund IX, L.P. - Jul 1, 2021 Form 3 Insider Report for Laredo Petroleum, Inc. (VTLE)

Role: 10%+ Owner
Signature: /s/ Douglas E. Swanson, Jr. (5)
Stock symbol: VTLE
Transactions as of: Jul 1, 2021
Transactions value $: $0
Form type: 3
Date filed: 7/8/2021, 05:32 PM
Next filing: Jan 7, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	VTLE	Common Stock						2.19M	Jul 1, 2021	Direct	F1, F2, F3, F4

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

Explanation of Responses:

Id	Content
F1	On July 1, 2021, pursuant to the Purchase and Sale Agreement dated as of May 7, 2021 (the "PSA"), by and among Sabalo Energy, LLC, Sabalo Operating, LLC and Laredo Petroleum, Inc. (the "Issuer"), the Issuer purchased certain oil and gas properties in the Midland Basin and related assets and contracts for an aggregate purchase price of $714.3 million. In connection with the PSA, on July 1, 2021, EnCap Energy Capital Fund IX, L.P. ("EnCap Fund IX") received 2,191,052 shares of the Issuer's common stock, par value $0.01 per share ("Common Stock").
F2	EnCap Fund IX is controlled indirectly by EnCap Partners GP, LLC ("EnCap Partners GP"), which is the sole general partner of EnCap Partners, LP ("EnCap Partners"), which is the managing member of EnCap Investments Holdings, LLC ("EnCap Holdings"), which is the sole member of EnCap Investments GP, L.L.C. ("EnCap Investments GP"), which is the sole general partner of EnCap Investments L.P. ("EnCap Investments LP"). EnCap Investments LP is the sole general partner of EnCap Equity Fund IX GP, L.P. ("EnCap Fund IX GP"), which is the sole general partner of EnCap Fund IX.
F3	(continued from footnote 3) Each of EnCap Fund IX, EnCap Fund IX GP, EnCap Investments LP, EnCap Investments GP, EnCap Holdings, EnCap Partners or EnCap Partners GP may be deemed to share voting or dispositive power over the reported securities held of record by any Reporting Persons under its direct or indirect control.
F4	The Reporting Persons disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Persons are the beneficial owners of the reported securities for purposes of Section 16 or for any other purpose.

Remarks:

(5) Signed by Douglas E. Swanson, Jr. in his capacity as Managing Director of EnCap Energy Capital Fund IX, L.P. (6) Signed by Douglas E. Swanson, Jr. in his capacity as Managing Director of EnCap Partners GP, LLC.