TALOS ENERGY INC. — Director's Dealing 2021

Mar 10, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TALOS ENERGY INC. (TALO)
CIK: 0001724965
Period of Report: 2021-03-05

Reporting Person: Babcock Gregory (Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-05	Common Stock	F	1226	$12.03	Disposed	11954	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-08	Restricted Stock Units	$	A	5674	Acquired		Common Stock (5674)	Direct

Footnotes

F1: Represents shares withheld by Talos Energy Inc. (the "Issuer") to satisfy tax withholding obligations upon the vesting of previously granted restricted stock units issued pursuant to the Talos Energy Inc. Long Term Incentive Plan (the "2018 LTIP") dated May 18, 2018.

F2: These derivative securities were issued pursuant to the Talos Energy Inc. 2021 Long Term Incentive Plan (the "2021 LTIP"), which was adopted by the Issuer on March 8, 2021. If the Issuer's stockholders approve the 2021 LTIP at the Issuer's 2021 Annual Meeting of the Stockholders, each restricted stock unit will be settled in one share common stock, par value $0.01 per share ("common stock") of the Issuer. If the Issuer's stockholders do not approve the 2021 LTIP at the Issuer's 2021 Annual Meeting of the Stockholders, each restricted stock unit will be settled in an amount of cash equal in value to one share of common stock.

F3: Each restricted stock unit will vest ratably on each of March 8, 2022, March 8, 2023 and March 8, 2024, in each case, subject to continued service and employment throughout the applicable vesting period. The restricted stock units are compensatory awards and were received for no cash consideration.