Cary D. Baetz - Feb 19, 2023 Form 4 Insider Report for Berry Corp (bry) (BRY)

Role: Director
Signature: Cary D. Baetz, by Jordan D. Scott, as attorney-in-fact
Stock symbol: BRY
Transactions as of: Feb 19, 2023
Transactions value $: -$240,760
Form type: 4
Date filed: 2/22/2023, 08:36 PM
Previous filing: Mar 3, 2022
Next filing: Mar 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BRY	Common Stock	Options Exercise		+40.3K	+12.22%		370K	Feb 19, 2023	Direct	F1
transaction	BRY	Common Stock	Tax liability	-$156K	-17.5K	-4.73%	$8.92	353K	Feb 19, 2023	Direct
transaction	BRY	Common Stock	Options Exercise		+22.5K	+6.37%		375K	Feb 19, 2023	Direct	F2
transaction	BRY	Common Stock	Tax liability	-$84.4K	-9.46K	-2.52%	$8.92	366K	Feb 19, 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	BRY	Restricted Stock Units 2021	Options Exercise	$0	-40.3K	-50%	$0.00	40.3K	Feb 19, 2023	Common Stock	40.3K		Direct	F1
transaction	BRY	Restricted Stock Units 2022	Options Exercise	$0	-22.5K	-33.33%	$0.00	44.9K	Feb 19, 2023	Common Stock	22.5K		Direct	F2

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

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit represents a contingent right to receive one share of common stock, par value $0.001 per share, of Berry Corporation (bry). One-third of the Restricted Stock Units vest on each of the first three anniversaries of February 19, 2021, subject to the continued employment of the Reporting Person.
F2	Each Restricted Stock Unit represents a contingent right to receive one share of common stock, par value $0.001 per share, of Berry Corporation (bry). One-third of the Restricted Stock Units vest on each of the first three anniversaries of February 19, 2022, subject to the continued employment of the Reporting Person.