WENDEL STEPHEN T (VP - Contracts and Marketing) purchased 26.9% of their position (35.38K shares) of ABRAXAS PETROLEUM CORP on the open market

Open‑market purchase worth $9.9K — a significant purchase. The strongest form of insider conviction signal.

P · 1 purchase

WENDEL STEPHEN T

Filed: 2/11/2020ACC: 0001567619-20-002728

InsiderWENDEL STEPHEN TCIK 1070036

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IssuerABRAXAS PETROLEUM CORPCIK 867665

Officer· VP - Contracts and Marketing

Since Feb 2019

+35.38K

Net shares

Net buyer

$9.9K

Total acquired

Open market trades

1B · 0S

Total transactions

35.38K acquired

Non-Derivative Transactions1

Abraxas Petroleum Common Stock

Indirect

P · Purchase

+35.38K

Price / share

$0.28

Trade value

$9.91K

% of position

26.9%

2/7/2020

131.42K→166.80K

Total

Net shares

+35.38K

Net value

$9.91K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Abraxas Petroleum Common Stock Indirect	2/7/2020	P · Purchase	+35.38K	$0.28	$9.91K	26.9%	131.42K	166.80K
Total			+35.38K		$9.91K

Derivative Transactions0

No derivative transactions reported

Non-Derivative Holdings (Post-Transaction)1

Abraxas Petroleum Common Stock

Direct

Shares owned436.27K

Total

436.27K direct436.27K

Security Title	Shares Owned	Ownership Type
Abraxas Petroleum Common Stock	436.27K	Direct
Total	436.27K	436.27K direct

Derivative Holdings (Post-Transaction)10

Employee Stock Option

Direct

Underlying security

Abraxas Petroleum Common Stock

Underlying shares

150K

Shares owned

150K

Exercise price

3.16

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Abraxas Petroleum Common Stock

Underlying shares

177K

Shares owned

177K

Exercise price

.97

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Abraxas Petroleum Common Stock

Underlying shares

24K

Shares owned

24K

Exercise price

3.15

Expiration

—

Exercise window

—

Performance-based Restricted Stock Unit

Direct

Underlying security

Abraxas Petroleum Common Stock

Underlying shares

28.54K

Shares owned

28.54K

Exercise price

2.37

Expiration

—

Exercise window

—

Performance-based Restricted Stock Unit

Direct

Underlying security

Abraxas Petroleum Common Stock

Underlying shares

51.31K

Shares owned

51.31K

Exercise price

1.34

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Abraxas Petroleum Common Stock

Underlying shares

15.33K

Shares owned

15.33K

Exercise price

3.60

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Abraxas Petroleum Common Stock

Underlying shares

30K

Shares owned

30K

Exercise price

4.72

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Abraxas Petroleum Common Stock

Underlying shares

22.30K

Shares owned

22.30K

Exercise price

2.39

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Abraxas Petroleum Common Stock

Underlying shares

60K

Shares owned

60K

Exercise price

2.09

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Abraxas Petroleum Common Stock

Underlying shares

10.40K

Shares owned

10.40K

Exercise price

3.74

Expiration

—

Exercise window

—

Total

Underlying

568.88K

Owned

568.88K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Employee Stock Option Direct	Abraxas Petroleum Common Stock	3.16	—	—	150K	150K
Employee Stock Option Direct	Abraxas Petroleum Common Stock	.97	—	—	177K	177K
Employee Stock Option Direct	Abraxas Petroleum Common Stock	3.15	—	—	24K	24K
Performance-based Restricted Stock Unit Direct	Abraxas Petroleum Common Stock	2.37	—	—	28.54K	28.54K
Performance-based Restricted Stock Unit Direct	Abraxas Petroleum Common Stock	1.34	—	—	51.31K	51.31K
Employee Stock Option Direct	Abraxas Petroleum Common Stock	3.60	—	—	15.33K	15.33K
Employee Stock Option Direct	Abraxas Petroleum Common Stock	4.72	—	—	30K	30K
Employee Stock Option Direct	Abraxas Petroleum Common Stock	2.39	—	—	22.30K	22.30K
Employee Stock Option Direct	Abraxas Petroleum Common Stock	2.09	—	—	60K	60K
Employee Stock Option Direct	Abraxas Petroleum Common Stock	3.74	—	—	10.40K	10.40K
Total					568.88K	568.88K