Form 4: Vitesse Energy Director Joseph Steinberg Reports Changes in Beneficial Ownership

Director Joseph Steinberg reports acquisition and disposal of Vitesse Energy stock, including restricted stock units and shares held indirectly through various entities.

Summary

• Joseph Steinberg, a director of Vitesse Energy, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On May 2, 2024, Steinberg acquired 5,504 shares of common stock.
• He also disposed of 1,852,977 shares of common stock.
• Following these transactions, Steinberg directly owns 500,884 shares.
• He also indirectly owns shares through corporations, a family trust, children's trusts, his spouse, and a discretionary trust.
• Steinberg disclaims beneficial ownership of shares held indirectly beyond his proportionate pecuniary interest.
• The acquired shares represent unvested restricted stock units that will vest prior to the company's 2025 Annual Meeting of Stockholders, contingent upon continued service.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting changes in stock ownership, with no inherent positive or negative sentiment. It's a factual disclosure.

Future Outlook

The restricted stock units will vest on the day prior to the Company's 2025 Annual Meeting of Stockholders, subject to continued service through the vesting date, and will be settled in shares of Company common stock following the vesting date unless such settlement is deferred by the director.

Management Comments

• The Reporting Person disclaims beneficial ownership of the portion of shares held indirectly in excess of his proportionate pecuniary interest in those shares.

Industry Context

Form 4 filings are standard practice for corporate insiders to report changes in their ownership of company stock, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the stock ownership of a key company director.

Key Dates