January 9, 2025 · Form 4 insider transaction
Weinzierl John A bought 1,400,000 shares of U.S. Energy Corp, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 4 days after the transaction.
The shares were issued by the Issuer, and acquired by Synergy, as seller, pursuant to a Purchase and Sale Agreement (the "PSA") as partial consideration for the sale of assets by the seller. No fair market value has been determined or allocated at this time to the share consideration or other non-cash consideration issued under the PSA.; Mr. Weinzierl disclaims beneficial ownership other than to the extent of his pecuniary interest therein.; Shares are owned directly by Synergy Offshore LLC ("Synergy"). Katla is an owner of member interests in Synergy Producing Properties, LLC ("SPP"), which is the 100% owner of Synergy. Mr. Weinzierl and Katla may be deemed to beneficially own the shares of common stock owned by Synergy based on certain member rights in SPP. Mr. Weinzierl and Katla disclaim beneficial ownership in such shares other than to the extent of their pecuniary interest therein..