DAWSON GEOPHYSICAL CO — Director's Dealing 2023

Jun 14, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DAWSON GEOPHYSICAL CO (DWSN)
CIK: 0000799165
Period of Report: 2023-06-09

Reporting Person: Wilks Brothers, LLC (10% Owner)
Reporting Person: WB Acquisitions Inc. (10% Owner)
Reporting Person: Wilks Dan H. (10% Owner)
Reporting Person: Wilks Staci (10% Owner)
Reporting Person: Wilks Farris (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-06-12	Class A common stock, par value $0.01 per share	P	4166	$2.17	Acquired	17645762	Indirect
2023-06-13	Class A common stock, par value $0.01 per share	P	4438	$2.19	Acquired	17650200	Indirect

Footnotes

F1: The reported price in Column 4 is a weighted average purchase price. These shares were purchased in multiple transactions at prices ranging from $2.06 to $2.39 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

F2: Consists of (i) 2,094,237 directly owned by Reporting Party, (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, LLC ("Wilks Brothers") is a manager-managed limited liability company, managed by Dan H. Wilks and Farris Wilks. WB Acquisitions, Inc. ("WB Acquisitions") is a subsidiary of Wilks Brothers. Dan H. Wilks and Farris Wilks are brothers and may be deemed to indirectly beneficially own the shares of the Issuer's Common Stock directly owned by each of Wilks Brothers and WB Acquisitions. Dan H. Wilks and Staci Wilks are husband and wife and share the same household, and Dan H. Wilks may be deemed to indirectly beneficially own the shares of the Issuer's Common Stock directly owned by Staci Wilks. 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.