4//SEC Filing
Wilks Farris 4
Accession 0000899243-23-020059
CIK 0000799165other
Filed
Oct 29, 8:00 PM ET
Accepted
Oct 30, 5:22 PM ET
Size
17.2 KB
Accession
0000899243-23-020059
Insider Transaction Report
Form 4
Wilks Brothers, LLC
10% Owner
Transactions
- Conversion
Class A common stock, par value $0.01 per share
2023-09-13$1.70/sh+5,811,765$9,880,001→ 24,609,095 total(indirect: See Footnote) - Conversion
Convertible Note (convertible into Common Stock)
2023-09-13−5,811,765→ 24,609,095 total(indirect: See Footnote)Exercise: $1.70From: 2023-09-13Exp: 2024-06-30→ Class A common stock, par value $0.01 per share (5,811,765 underlying)
WB Acquisitions Inc.
10% Owner
Transactions
- Conversion
Class A common stock, par value $0.01 per share
2023-09-13$1.70/sh+5,811,765$9,880,001→ 24,609,095 total(indirect: See Footnote) - Conversion
Convertible Note (convertible into Common Stock)
2023-09-13−5,811,765→ 24,609,095 total(indirect: See Footnote)Exercise: $1.70From: 2023-09-13Exp: 2024-06-30→ Class A common stock, par value $0.01 per share (5,811,765 underlying)
Wilks Staci
10% Owner
Transactions
- Conversion
Convertible Note (convertible into Common Stock)
2023-09-13−5,811,765→ 24,609,095 total(indirect: See Footnote)Exercise: $1.70From: 2023-09-13Exp: 2024-06-30→ Class A common stock, par value $0.01 per share (5,811,765 underlying) - Conversion
Class A common stock, par value $0.01 per share
2023-09-13$1.70/sh+5,811,765$9,880,001→ 24,609,095 total(indirect: See Footnote)
Wilks Dan H.
10% Owner
Transactions
- Conversion
Class A common stock, par value $0.01 per share
2023-09-13$1.70/sh+5,811,765$9,880,001→ 24,609,095 total(indirect: See Footnote) - Conversion
Convertible Note (convertible into Common Stock)
2023-09-13−5,811,765→ 24,609,095 total(indirect: See Footnote)Exercise: $1.70From: 2023-09-13Exp: 2024-06-30→ Class A common stock, par value $0.01 per share (5,811,765 underlying)
Wilks Farris
Director10% Owner
Transactions
- Conversion
Convertible Note (convertible into Common Stock)
2023-09-13−5,811,765→ 24,609,095 total(indirect: See Footnote)Exercise: $1.70From: 2023-09-13Exp: 2024-06-30→ Class A common stock, par value $0.01 per share (5,811,765 underlying) - Conversion
Class A common stock, par value $0.01 per share
2023-09-13$1.70/sh+5,811,765$9,880,001→ 24,609,095 total(indirect: See Footnote)
Krylov Sergei
Director
Transactions
- Conversion
Class A common stock, par value $0.01 per share
2023-09-13$1.70/sh+5,811,765$9,880,001→ 24,609,095 total(indirect: See Footnote) - Conversion
Convertible Note (convertible into Common Stock)
2023-09-13−5,811,765→ 24,609,095 total(indirect: See Footnote)Exercise: $1.70From: 2023-09-13Exp: 2024-06-30→ Class A common stock, par value $0.01 per share (5,811,765 underlying)
Wilks Matthew
Director
Transactions
- Conversion
Class A common stock, par value $0.01 per share
2023-09-13$1.70/sh+5,811,765$9,880,001→ 24,609,095 total(indirect: See Footnote) - Conversion
Convertible Note (convertible into Common Stock)
2023-09-13−5,811,765→ 24,609,095 total(indirect: See Footnote)Exercise: $1.70From: 2023-09-13Exp: 2024-06-30→ Class A common stock, par value $0.01 per share (5,811,765 underlying)
Footnotes (4)
- [F1]On September 13, 2023, Dawson Geophysical Company ("Dawson") held a virtual special meeting of its stockholders. At the Special Meeting, Dawson's stockholders voted and approved the issuance of 5,811,765 shares of Common Stock of Issuer to Wilks Brothers, LLC ("Wilks Brothers") upon conversion of $9,880,000.50 in principal amount of the Convertible Note dated March 24, 2023 between Dawson and Wilks at a conversion price of $1.70 per share. Upon such approval, the Convertible Note automatically converted in full into the Conversion Shares upon such approval.
- [F2]Consists of (i) 9,111,736 directly owned by Wilks, (ii) 15,547,010 shares of the Issuer's Common Stock directly owned by WB Acquisitions, and (iii) 349 shares of the Issuer's Common Stock directly owned by Staci Wilks.
- [F3]Wilks Brothers is a manager-managed limited liability company, managed by Dan H. Wilks and Farris Wilks. WB Acquisitions, Inc. ("WB Acquisitions") is an affiliate of Wilks Brothers. Dan H. Wilks and Farris Wilks are brothers; Dan H. Wilks and Staci Wilks are husband and wife and share the same household; Matthew D. Wilks is the Director of the Issuer and VP - Investments of Wilks Brothers; and Sergei Krylov, is the Director of the Issuer and Chief Financial Officer of Wilks Brothers. Matthew D. Wilks and Sergei Krylov were each inadvertently excluded in prior filings and have been added as Reporting Persons. Each of the foregoing are reporting persons on a Schedule 13D/A (as amended from time to time, the "13D") filed with the SEC on June 29, 2023 (such Reporting Persons on the 13D, collectively, the "13D Group") and may be deemed to beneficially own the shares of the Issuer's Common Stock owned by other members of the 13D Group. (Continued in footnote 4)
- [F4](Continued from footnote 3) Each Reporting Person disclaims beneficial ownership of all equity securities reported herein except to the extent of its respective pecuniary interest therein, and the filing of this Form 4 shall not be construed as an admission that any such Reporting Person is the beneficial owner of any equity securities covered by this Form 4.
Documents
Issuer
DAWSON GEOPHYSICAL CO
CIK 0000799165
Entity typeother
Related Parties
1- filerCIK 0001641794
Filing Metadata
- Form type
- 4
- Filed
- Oct 29, 8:00 PM ET
- Accepted
- Oct 30, 5:22 PM ET
- Size
- 17.2 KB