FREW JAMES 4

What Happened

• Frew James, SVP and Chief Financial Officer of Amplify Energy Corp. (AMPY), reported multiple equity-related transactions dated Feb 1, 2026. He received awards/settlements of restricted and performance-based units and recorded derivative conversions/exercises. To cover tax withholding, 19,917 shares were surrendered at $5.02 per share, generating $99,983 of value.
• Filing entries show: two awards/allocations of 67,120 units each (reported as derivative/award transactions) and derivative exercise/conversion entries involving 50,613 shares. One disposition entry of 50,613 shares at $0.00 relates to a derivative conversion reporting line. The primary cash amount reported is $99,983 from tax-withholding of 19,917 shares.

Key Details

• Transaction date: Feb 1, 2026; Form 4 filed: Feb 4, 2026 (appears timely).
• Tax withholding: 19,917 shares withheld/disposed at $5.02 per share, totaling $99,983 (transaction code F = payment of exercise price or tax liability).
• Awards/grants: two entries of 67,120 units each reported as grants/awards (transaction code A). Footnotes indicate one set are TSUs (service-based time-vesting units) and one set are PSUs (performance & service-based units).
• Derivative activity: entries coded M (exercise/conversion of derivative) for 50,613 shares (acquired and also reported as a derivative disposition @ $0.00). Transaction codes: A = award/grant, M = option/exercise or derivative conversion, F = tax withholding.
• Shares owned after the transactions: not specified in the information provided in this summary.
• Role: James is SVP, Chief Financial Officer (insider executive).

Context

• TSUs (time-based restricted stock units) will convert into one share per unit upon vesting and generally vest over three years, subject to continued employment (per footnotes).
• PSUs (performance-and-service units) vest based on company performance and service and can convert into up to 200% of one share per PSU if performance targets are met.
• The 19,917-share disposition is a routine tax-withholding event (common when RSUs/PSUs vest or settle) and should not be read as an open-market sale indicating a bearish view.
• Derivative/ conversion lines can reflect settlement mechanics (conversion of units into shares) rather than open-market trading.