Broussard Joel 4
4 · U.S. WELL SERVICES, INC. · Filed May 3, 2022
Insider Transaction Report
Form 4
Broussard Joel
DirectorPresident and CEO
Transactions
- Award
Restricted Stock Unit
2022-04-30+1,142,514→ 1,301,533 total→ Class A Common Stock (1,142,514 underlying)
Footnotes (2)
- [F1]Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock.
- [F2]Represents a grant of Restricted Stock Units on April 30, 2022 (the "Grant Date"), of which (i) one-half will vest six months from the Grant Date and (ii) one-half will vest eighteen months from the Grant Date. The right to receive shares of Class A common stock, par value $0.0001 ("Common Stock") in settlement of the award is conditioned upon the Issuer receiving stockholder approval, and in the event such stockholder approval is not received, and the Issuer lacks sufficient shares of Common Stock under the U.S. Well Services, Inc. 2018 Amended & Restated Stock Incentive Plan to satisfy the award in full, the award will be solely settled in cash and no Common Stock will be issued.