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US ENERGY CORP — Director's Dealing 2024
Apr 10, 2024
34687_dirs_2024-04-10_9ab3f182-d0ca-4f3f-b4b7-1b295356f254.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: US ENERGY CORP (USEG)
CIK: 0000101594
Period of Report: 2024-04-08
Reporting Person: Weinzierl John A (Director, 10% Owner, Member of 10% owner group)
Reporting Person: Katla Energy Holdings LLC (10% Owner, Member of 10% owner group)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-04-08 | Common Stock | J | 3124893 | — | Acquired | 3124893 | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 417826 | Direct |
| Common Stock | 4853565 | Direct |
Footnotes
F1: Excludes shares of common stock relating to the voting group described below under "Remarks". Represents shares of common stock, $0.01 par value per share of the Issuer ("Common Stock"), held by Mr. Weinzierl directly. This Form 4 is filed jointly by John A. Weinzierl and Katla. Mr. Weinzierl is the 100% owner of all of the equity of Katla. Mr. Weinzierl is also the Chairman of U.S. Energy Corp. and is the Trustee of the Trust. Mr. Weinzierl disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein.
F2: Excludes shares of common stock relating to the voting group described below under "Remarks". Represents shares of Common Stock held by Katla Energy Holdings LLC ("Katla"). The shares held by Katla may be deemed to be beneficially owned by Mr. Weinzierl due to his ownership of 100% of Katla and his position as Managing Member of Katla.
F3: On April 8, 2024, John A. Weinzierl, Trustee of the John Alfred Weinzierl 2020 Trust, u/t/a November 10, 2020 (the "Trust"), and WDM Family Partnership, LP ("WDM"), entered into a Property Exchange Agreement (the "Exchange Agreement"). Pursuant to the Exchange Agreement, and effective on April 8, 2024, the Trust exchanged a 33% membership interest in a separate limited liability company, for 3,124,893 shares of Comon Stock held by WDM.
F4: Represents shares of Common Stock held by the Trust. The shares held by the Trust may be deemed to be beneficially owned by Mr. Weinzierl due to his position as Trustee of the Trust. The Trust has filed its own Form 3 with the Securities and Exchange Commission on or around the date hereof.