SM Energy Co — Director's Dealing 2021

Dec 16, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SM Energy Co (SM)
CIK: 0000893538
Period of Report: 2021-12-14

Reporting Person: Lutey Mary Ellen (SVP - Expl., Development & EHS)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-14	Common Stock, $.01 Par Value	M	8012	—	Acquired	84567	Direct
2021-12-14	Common Stock, $.01 Par Value	F	2316	$30.18	Disposed	82251	Direct
2021-12-14	Common Stock, $.01 Par Value	M	3205	—	Acquired	45301	Indirect
2021-12-14	Common Stock, $.01 Par Value	F	927	$30.18	Disposed	44374	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-14	Restricted Stock Units	$	M	8012	Disposed		Common Stock, $.01 Par Value (8012.0)	Direct
2021-12-14	Restricted Stock Units	$	M	3205	Disposed		Common Stock, $.01 Par Value (3205.0)	Indirect

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of stock. The restricted stock unit grant vests in three equal installments beginning on December 14, 2021. The vested shares will be issued to the Reporting Person on the vesting dates, at which time all restrictions on the vested shares will lapse.

F2: Each restricted stock unit represents a contingent right to receive one share of stock. The restricted stock unit grant vests in three equal installments beginning on December 14, 2021. The vested shares will be issued to the Reporting Person's spouse on the vesting dates, at which time all restrictions on the vested shares will lapse.

F3: The Reporting Person's spouse is also employed by the Issuer and is eligible to receive grants of restricted stock units.