CRESTVIEW PARTNERS III GP, L.P. exercised options at U.S. WELL SERVICES HOLDINGS, LLC

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 2 exercises

CRESTVIEW PARTNERS III GP, L.P.

Filed: 11/3/2022ACC: 0000950103-22-019183

InsiderCRESTVIEW PARTNERS III GP, L.P.CIK 1703027

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IssuerU.S. WELL SERVICES HOLDINGS, LLCCIK 1670349

Director10% Owner

Since Nov 2018

-22.75M

Net shares

Net seller

$0.00

Total acquired

Open market trades

0B · 0S

Total transactions

12.18M acquired · 34.93M disposed

Non-Derivative Transactions3

Class A common stock

Indirect

M · Option Exercise

+5.73M

Price / share

—

Trade value

—

% of position

173.8%

11/1/2022

3.30M→9.03M

Class A common stock

Indirect

M · Option Exercise

+6.45M

Price / share

—

Trade value

—

% of position

71.4%

11/1/2022

9.03M→15.48M

Class A common stock

Indirect

D · Disposition

−15.48M

Price / share

—

Trade value

—

% of position

New position

11/1/2022

15.48M→0.00

Total

Net shares

−3.30M

Net value

$0.00

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A common stock Indirect	11/1/2022	M · Option Exercise	+5.73M	—	—	173.8%	3.30M	9.03M
Class A common stock Indirect	11/1/2022	M · Option Exercise	+6.45M	—	—	71.4%	9.03M	15.48M
Class A common stock Indirect	11/1/2022	D · Disposition	−15.48M	—	—	New position	15.48M	0.00
Total			−3.30M		$0.00

Derivative Transactions5

Series A Redeemable Convertible Preferred Stock

Indirect

M · Option Exercise

Converts to

Class A Common Stock

5.73M shares

−5.73M

Strike price

Held after

0.00

Exercisable

—

11/1/2022

16.0% Convertible Senior Secured PIK Note

Indirect

M · Option Exercise

Converts to

Class A Common Stock

6.45M shares

−6.45M

Strike price

Held after

0.00

Exercisable

—

11/1/2022

Warrants (Right to Buy)

Indirect

D · Disposition

Converts to

Class A Common Stock

172.62K shares

−172.62K

Strike price

241.50

Held after

0.00

Exercisable

—

11/1/2022

Warrants (Right to Buy)

Indirect

D · Disposition

Converts to

Class A Common Stock

118.52K shares

−118.52K

Strike price

160.86

Held after

0.00

Exercisable

—

11/1/2022

Warrants (Right to Buy)

Indirect

D · Disposition

Converts to

Class A Common Stock

6.98M shares

−6.98M

Strike price

1.10

Held after

0.00

Exercisable

—

11/1/2022

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable
Series A Redeemable Convertible Preferred Stock Indirect	Class A Common Stock5.73M shares	11/1/2022	M · Option Exercise	−5.73M		—
16.0% Convertible Senior Secured PIK Note Indirect	Class A Common Stock6.45M shares	11/1/2022	M · Option Exercise	−6.45M		—
Warrants (Right to Buy) Indirect	Class A Common Stock172.62K shares	11/1/2022	D · Disposition	−172.62K	241.50	—
Warrants (Right to Buy) Indirect	Class A Common Stock118.52K shares	11/1/2022	D · Disposition	−118.52K	160.86	—
Warrants (Right to Buy) Indirect	Class A Common Stock6.98M shares	11/1/2022	D · Disposition	−6.98M	1.10	—