March 19, 2024 · Form 4 insider transaction
Silver Point Capital L.P. sold 500,000 shares of Gulfport Energy Corporation at $154.29 per share, a transaction worth $77.14M. The trade was recorded as open-market sale and disclosed on an SEC Form 4, filed 2 days after the transaction.
Includes 24,410 shares of the Issuer's common stock distributed to the Reporting Persons as holders of claims relating to certain notes of the Issuer, which shares had been held in reserve and were contingent upon the resolution of certain legal proceedings.; Silver Point Capital, L.P. ("Silver Point") or its wholly owned subsidiaries are the investment managers of Silver Point Capital Fund, L.P., Silver Point Capital Offshore Master Fund, L.P., Silver Point Distressed Opportunities Fund, L.P., Silver Point Distressed Opportunities Offshore Master Fund, L.P., Silver Point Distressed Opportunity Institutional Partners, L.P. and Silver Point Distressed Opportunity Institutional Partners Master Fund (Offshore), L.P. (the "Funds") and, by reason of such status, may be deemed to be the beneficial owner of all of the reported securities held by the Funds. Silver Point Capital Management, LLC ("Management") is the general partner of Silver Point and as a result may be deemed to be the beneficial owner of all securities held by the Funds.; Messrs. Edward A. Mule and Robert J. O'Shea are each members of Management and as a result may be deemed to be the beneficial owner of all of the securities held by the Funds. Silver Point, Management and Messrs. Mule and O'Shea disclaim beneficial ownership of the reported securities held by Funds except to the extent of their pecuniary interests.