Jared Vitemb - Oct 7, 2021 Form 4 Insider Report for FTS International, Inc. (FTSI)

Role: SVP, Gen Cnsl & Chf Compl Ofcr
Signature: /s/ Jared Vitemb
Stock symbol: FTSI
Transactions as of: Oct 7, 2021
Transactions value $: -$9,625
Form type: 4
Date filed: 10/12/2021, 04:49 PM
Previous filing: Sep 27, 2021
Next filing: Mar 8, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FTSI	Class A Common Stock	Options Exercise	$0	+1.59K	+332.22%	$0.00	2.07K	Oct 7, 2021	Direct	F1
transaction	FTSI	Class A Common Stock	Tax liability	-$9.63K	-380	-18.39%	$25.33	1.69K	Oct 7, 2021	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	FTSI	Performance Stock Units	Award	$0	+6.35K		$0.00	6.35K	Oct 7, 2021	Class A Common Stock	6.35K		Direct	F1
transaction	FTSI	Performance Stock Units	Options Exercise	$0	-1.59K	-25%	$0.00	4.76K	Oct 7, 2021	Class A Common Stock	1.59K		Direct	F1, F2
transaction	FTSI	Restricted Stock Units	Award	$0	+3.74K		$0.00	3.74K	Oct 7, 2021	Class A Common Stock	3.74K		Direct	F3

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

Explanation of Responses:

Id	Content
F1	Performance stock units convert into Class A Common Stock on a one-for-one basis. The performance stock units vest in 25% and 75%, respectively, based on either (i) the achievement of a volume-weighted average price per share of the Company's Class A Common Stock over 90 consecutive trading days or (ii) the occurrence of a Change in Control (as defined in the 2020 Equity and Incentive Compensation Plan), in each case, implying an aggregate equity market capitalization for the Company as set forth in the performance stock unit agreement. If the performance metric is not met by the seventh anniversary of the date of grant, the performance stock units will be forfeited.
F2	The first performance threshold was determined to have been achieved and 25% of the performance stock units vested and were converted into Cass A Common Stock on October 7, 2021.
F3	Each Restricted Stock Unit converts into Class A Common Stock on a one-for-one basis. On October 7, 2021, the reporting person was granted restricted stock units which will fully vest on the first anniversary of the date of grant.