TE · T1 Energy Inc.

This transaction represents 29,383 shares of Common Stock withheld for tax obligations in connection with the settlement on July 29, 2026 of 91,666 RSUs that vested on July 29, 2026 (the first of three equal annual installments). The vesting of those 91,666 RSUs is described in Note 1 above.

The 62,283 shares of Common Stock beneficially owned following the reported transactions reflects: (i) 91,666 shares acquired upon vesting of RSUs on July 29, 2026 (Note 1 above); less (v) 29,383 shares withheld for tax upon settlement of RSUs on July 29, 2026 (Note 2 above).

This transaction represents the vesting on July 29, 2026 of 100,000 Restricted Stock Units ("RSUs") granted on July 29, 2025 under the Company's 2021 Equity Incentive Plan (as amended and restated on April 22, 2024) and reported on the Form 4 filed July 31, 2025. This relates to the vesting of the first of three equal annual installments (further details in Note 4 below). Each RSU represents the right to receive one share of Common Stock. These 100,000 RSUs were settled in shares of Common Stock on July 29, 2026.

The RSUs reported on the Form 4 filed July 31, 2025 were granted for a total of 300,000 RSUs vesting in three equal annual installments: one-third vested on July 29, 2026; one-third will vest on July 29, 2027; and the remaining one-third will vest on July 29, 2028. Following the vesting and settlement of the first installment reported herein, 200,000 RSUs remain outstanding.

This transaction represents 38,989 shares of Common Stock withheld for tax obligations in connection with the settlement on July 29, 2026 of 100,000 RSUs that vested on July 29, 2026 (the first of three equal annual installments). The vesting of those 100,000 RSUs is described in Note 1 above.

The 61,011 shares of Common Stock beneficially owned following the reported transactions reflects: (i) 100,000 shares acquired upon vesting of RSUs on July 29, 2026 (Note 1 above); less (v) 38,989 shares withheld for tax upon settlement of RSUs on July 29, 2026 (Note 2 above).

This transaction represents the vesting on July 29, 2026 of 100,000 Restricted Stock Units ("RSUs") granted on July 29, 2025 under the Company's 2021 Equity Incentive Plan (as amended and restated on April 22, 2024) and reported on the Form 4 filed July 31, 2025. This relates to the vesting of the first of three equal annual installments (further details in Note 4 below). Each RSU represents the right to receive one share of Common Stock. These 100,000 RSUs were settled in shares of Common Stock on July 29, 2026.

This transaction represents the vesting on July 29, 2026 of 91,666 Restricted Stock Units ("RSUs") granted on July 29, 2025 under the Company's 2021 Equity Incentive Plan (as amended and restated on April 22, 2024) and reported on the Form 4 filed August 25, 2025. This relates to the vesting of the first of three equal annual installments (further details in Note 4 below). Each RSU represents the right to receive one share of Common Stock. These 91,666 RSUs were settled in shares of Common Stock on July 29, 2026.

The RSUs reported on the Form 4 filed August 25, 2025 were granted for a total of 275,000 RSUs vesting in three equal annual installments: one-third vested on July 29, 2026; one-third will vest on July 29, 2027; and the remaining one-third will vest on July 29, 2028. Following the vesting and settlement of the first installment reported herein, 183,334 RSUs remain outstanding.

This transaction represents the vesting on July 29, 2026 of 91,666 Restricted Stock Units ("RSUs") granted on July 29, 2025 under the Company's 2021 Equity Incentive Plan (as amended and restated on April 22, 2024) and reported on the Form 4 filed August 25, 2025. This relates to the vesting of the first of three equal annual installments (further details in Note 4 below). Each RSU represents the right to receive one share of Common Stock. These 91,666 RSUs were settled in shares of Common Stock on July 29, 2026.

Each Restricted Stock Unit ("RSU") represents the right to receive one share of Common Stock.

This transaction represents the grant on July 2, 2026 of 22,695 RSUs under the Company's 2021 Equity Incentive Plan (as amended and restated on April 22, 2024).

The RSUs vest on the earlier of (a) the first anniversary of the date of grant and (b) the date of the Company's 2027 annual general meeting of stockholders, provided that such meeting occurs at least 50 weeks after the Company's 2026 annual general meeting of stockholders, which took place on June 17, 2026. Vested RSUs will be settled in shares of Common Stock. The RSUs do not have an expiration date.

Each Restricted Stock Unit ("RSU") represents the right to receive one share of Common Stock.

This transaction represents the grant on July 2, 2026 of 22,695 RSUs under the Company's 2021 Equity Incentive Plan (as amended and restated on April 22, 2024).

The RSUs vest on the earlier of (a) the first anniversary of the date of grant and (b) the date of the Company's 2027 annual general meeting of stockholders, provided that such meeting occurs at least 50 weeks after the Company's 2026 annual general meeting of stockholders, which took place on June 17, 2026. Vested RSUs will be settled in shares of Common Stock. The RSUs do not have an expiration date.

Each Restricted Stock Unit ("RSU") represents the right to receive one share of Common Stock.

This transaction represents the grant on July 2, 2026 of 22,695 RSUs under the Company's 2021 Equity Incentive Plan (as amended and restated on April 22, 2024).

The RSUs vest on the earlier of (a) the first anniversary of the date of grant and (b) the date of the Company's 2027 annual general meeting of stockholders, provided that such meeting occurs at least 50 weeks after the Company's 2026 annual general meeting of stockholders, which took place on June 17, 2026. Vested RSUs will be settled in shares of Common Stock. The RSUs do not have an expiration date.

Each Restricted Stock Unit ("RSU") represents the right to receive one share of Common Stock.

This transaction represents the grant on July 2, 2026 of 33,375 RSUs under the Company's 2021 Equity Incentive Plan (as amended and restated on April 22, 2024).

The RSUs vest on the earlier of (a) the first anniversary of the date of grant and (b) the date of the Company's 2027 annual general meeting of stockholders, provided that such meeting occurs at least 50 weeks after the Company's 2026 annual general meeting of stockholders, which took place on June 17, 2026. Vested RSUs will be settled in shares of Common Stock. The RSUs do not have an expiration date.

Each Restricted Stock Unit ("RSU") represents the right to receive one share of Common Stock.

This transaction represents the grant on July 2, 2026 of 22,695 RSUs under the Company's 2021 Equity Incentive Plan (as amended and restated on April 22, 2024).

The RSUs vest on the earlier of (a) the first anniversary of the date of grant and (b) the date of the Company's 2027 annual general meeting of stockholders, provided that such meeting occurs at least 50 weeks after the Company's 2026 annual general meeting of stockholders, which took place on June 17, 2026. Vested RSUs will be settled in shares of Common Stock. The RSUs do not have an expiration date.

Each Restricted Stock Unit ("RSU") represents the right to receive one share of Common Stock.

This transaction represents the grant on July 2, 2026 of 22,695 RSUs under the Company's 2021 Equity Incentive Plan (as amended and restated on April 22, 2024).

The RSUs vest on the earlier of (a) the first anniversary of the date of grant and (b) the date of the Company's 2027 annual general meeting of stockholders, provided that such meeting occurs at least 50 weeks after the Company's 2026 annual general meeting of stockholders, which took place on June 17, 2026. Vested RSUs will be settled in shares of Common Stock. The RSUs do not have an expiration date.

This transaction represents the vesting on June 23, 2026 of 125,000 Restricted Stock Units ("RSUs") granted on June 23, 2025 under the Company's 2021 Equity Incentive Plan (as amended and restated on April 22, 2024) and reported on the Form 4 filed June 25, 2025. This relates to the vesting of the first of three equal annual installments (further details in Note 4 below). Each RSU represents the right to receive one share of Common Stock. These 125,000 RSUs were settled in shares of Common Stock on June 23, 2026.

The RSUs reported on the Form 4 filed June 25, 2025 were granted for a total of 375,000 RSUs vesting in three equal annual installments: one-third vested on June 23, 2026; one-third will vest on June 23, 2027; and one-third will vest on June 23, 2028. Following the vesting and settlement of the first installment reported herein, 250,000 RSUs remain outstanding.

This transaction represents 11,850 shares of Common Stock withheld for tax obligations in connection with the settlement on June 23, 2026 of 25,000 RSUs that vested on June 23, 2026 (the first of three equal annual installments). The vesting of those 25,000 RSUs is described in Note 1 above.

The 13,150 shares of Common Stock beneficially owned directly following the reported transactions reflects 25,000 shares of Common Stock acquired upon settlement of the RSUs that vested on June 23, 2026 (Note 1 above), less 11,850 shares withheld for tax upon settlement (Note 2 above).

This transaction represents the vesting on June 23, 2026 of 25,000 Restricted Stock Units ("RSUs") granted on June 23, 2025 under the Company's 2021 Equity Incentive Plan (as amended and restated on April 22, 2024) and reported on the Form 4 filed June 25, 2025. This relates to the vesting of the first of three equal annual installments (further details in Note 4 below). Each RSU represents the right to receive one share of Common Stock. These 25,000 RSUs were settled in shares of Common Stock on June 23, 2026.

The RSUs reported on the Form 4 filed June 25, 2025 were granted for a total of 75,000 RSUs vesting in three equal annual installments: one-third vested on June 23, 2026; one-third will vest on June 23, 2027; and one-third will vest on June 23, 2028. Following the vesting and settlement of the first installment reported herein, 50,000 RSUs remain outstanding.

This transaction represents 57,925 shares of Common Stock withheld for tax obligations in connection with the settlement on June 23, 2026 of 125,000 RSUs that vested on June 23, 2026 (the first of three equal annual installments). The vesting of those 125,000 RSUs is described in Note 1 above.

The 1,864,660 shares of Common Stock beneficially owned following the reported transactions reflects: (i) 1,797,585 shares reported on the Form 4 filed June 17, 2026; plus (ii) 125,000 shares acquired upon vesting of RSUs on June 23, 2026 (Note 1 above); less (v) 57,925 shares withheld for tax upon settlement of RSUs on June 23, 2026 (Note 2 above).

This transaction represents the vesting on June 23, 2026 of 125,000 Restricted Stock Units ("RSUs") granted on June 23, 2025 under the Company's 2021 Equity Incentive Plan (as amended and restated on April 22, 2024) and reported on the Form 4 filed June 25, 2025. This relates to the vesting of the first of three equal annual installments (further details in Note 4 below). Each RSU represents the right to receive one share of Common Stock. These 125,000 RSUs were settled in shares of Common Stock on June 23, 2026.

This transaction represents the vesting on June 23, 2026 of 25,000 Restricted Stock Units ("RSUs") granted on June 23, 2025 under the Company's 2021 Equity Incentive Plan (as amended and restated on April 22, 2024) and reported on the Form 4 filed June 25, 2025. This relates to the vesting of the first of three equal annual installments (further details in Note 4 below). Each RSU represents the right to receive one share of Common Stock. These 25,000 RSUs were settled in shares of Common Stock on June 23, 2026.

This transaction represents the vesting on June 12, 2026 of 422,476 Restricted Stock Units ("RSUs") granted on June 13, 2024 under the Company's 2021 Equity Incentive Plan (as amended and restated on April 22, 2024) and reported on the Form 4 filed August 9, 2024. This relates to the vesting of the second of three equal annual installments (further details in Note 4 below). Each RSU represents the right to receive one share of Common Stock. These 422,476 RSUs were settled in shares of Common Stock on June 12, 2026.

This transaction represents the vesting on June 12, 2026 of 422,476 Restricted Stock Units ("RSUs") granted on June 13, 2024 under the Company's 2021 Equity Incentive Plan (as amended and restated on April 22, 2024) and reported on the Form 4 filed August 9, 2024. This relates to the vesting of the second of three equal annual installments (further details in Note 4 below). Each RSU represents the right to receive one share of Common Stock. These 422,476 RSUs were settled in shares of Common Stock on June 12, 2026.

The RSUs reported on the Form 4 filed August 9, 2024 were granted for a total of 1,267,427 RSUs vesting in three equal annual installments: one-third vested on June 13, 2025; one-third vested on June 12, 2026; and the remaining one-third will vest on June 13, 2027. Following the vesting and settlement of the first second installment reported herein, 422,276 RSUs remain outstanding.

This transaction represents 195,776 shares of Common Stock withheld for tax obligations in connection with the settlement on June 12, 2026 of 422,476 RSUs that vested on June 12, 2026 (the second of three equal annual installments). The vesting of those 422,476 RSUs is described in Note 1 above.

The 1,797,585 shares of Common Stock beneficially owned following the reported transactions reflects: (i) 1,570,885 shares reported on the Form 4 filed April 30, 2026; plus (ii) 422,476 shares acquired upon vesting of RSUs on June 12, 2026 (Note 1 above); less (v) 195,776 shares withheld for tax upon settlement of RSUs on June 12, 2026 (Note 2 above).

The sale price reported above is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.74 to $8.72, inclusive. The reporting person undertakes to provide to T1 Energy Inc., any security holder of T1 Energy Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

The sale price reported above is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.07 to $9.43, inclusive. The reporting person undertakes to provide to T1 Energy Inc., any security holder of T1 Energy Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

The sale price reported above is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.07 to $9.06, inclusive. The reporting person undertakes to provide to T1 Energy Inc., any security holder of T1 Energy Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

The sale price reported above is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.61 to $8.96, inclusive. The reporting person undertakes to provide to T1 Energy Inc., any security holder of T1 Energy Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

Consists of compensatory options which vest annually over three years granted on May 14, 2026 pursuant to the 2021 Equity Incentive Plan (amended and restated as of April 22, 2024). Of the shares subject to compensatory options, one-third (1/3) vest on May 14, 2027, one-third (1/3) vest on May 14, 2028, and one-third (1/3) vest on May 14, 2029. Options are typically forfeited when the employment relationship ends for employees.

The Restricted Stock Units ("RSUs") will be net settled in shares of Common Stock or, if permitted by the Company, by a cash payment from the Reporting Person.

Each RSU represents the right to receive one share of Common Stock granted pursuant to the 2021 Equity Incentive Plan (amended and restated as of April 22, 2024).

The RSUs will vest ratably over three years from the May 6, 2026 grant date. One-third (1/3) of the units shall vest on May 6, 2027; one-third (1/3) of the units shall vest on May 6, 2028; and one-third (1/3) of the units shall vest on May 6, 2029.

The Restricted Stock Units ("RSUs") will be net settled in shares of Common Stock or, if permitted by the Company, by a cash payment from the Reporting Person.

Each RSU represents a right to receive one share of Common Stock granted pursuant to the 2021 Equity Incentive Plan (amended and restated as of April 22, 2024).

500,000 of the RSUs shall vest on the first anniversary of the May 6, 2026 grant date (on May 6, 2027). The remaining 500,000 RSUs shall vest ratably over three years from the May 6, 2026 grant date. One-third (1/3) of such units shall vest on May 6, 2027; one-third (1/3) of such units shall vest on May 6, 2028; and one-third (1/3) of such units shall vest on May 6, 2029.

This transaction represents 74,742 shares of Common Stock withheld for tax obligations in connection with the settlement on April 29, 2026 of 161,290 RSUs that vested on April 29, 2026 (the first of three equal annual installments). The vesting of those 161,290 RSUs is described in Note 1 above.

The 1,570,885 shares of Common Stock beneficially owned following the reported transactions reflects: (i) 1,484,337 shares reported on the Form 4 filed April 2, 2026; plus (ii) 161,290 shares acquired upon vesting of RSUs on April 29, 2026 (Note 1 above); less (iii) 74,742 shares withheld for tax upon settlement of RSUs on April 29, 2026 (Note 2 above).

This transaction represents the vesting on April 29, 2026 of 161,290 Restricted Stock Units ("RSUs") granted on April 29, 2025 under the Company's 2021 Equity Incentive Plan (as amended and restated on April 22, 2024) and reported on the Form 4 filed May 1, 2025. This relates to the vesting of the first of three equal annual installments (further details in Note 4 below). Each RSU represents the right to receive one share of Common Stock. These 161,290 RSUs were settled in shares of Common Stock on April 29, 2026.

The RSUs reported on the Form 4 filed May 1, 2025 were granted for a total of 483,871 RSUs vesting in three equal annual installments: one-third vested on April 29, 2026; one-third will vest on April 29, 2027; and the remaining one-third will vest on April 29, 2028. Following the vesting and settlement of the first installment reported herein, 322,581 RSUs remain outstanding.

This transaction represents the vesting on April 29, 2026 of 161,290 Restricted Stock Units ("RSUs") granted on April 29, 2025 under the Company's 2021 Equity Incentive Plan (as amended and restated on April 22, 2024) and reported on the Form 4 filed May 1, 2025. This relates to the vesting of the first of three equal annual installments (further details in Note 4 below). Each RSU represents the right to receive one share of Common Stock. These 161,290 RSUs were settled in shares of Common Stock on April 29, 2026.

Each Restricted Stock Unit ("RSU") represents a right to receive one share of Common Stock granted pursuant to the 2021 Equity Incentive Plan (amended and restated as of April 22, 2024 (the "Plan")).

Consists of RSUs granted on March 31, 2026 under the Plan. The RSUs vest in three equal annual installments, one-third (1/3) on March 31, 2027; one-third (1/3) on March 31, 2028; and one-third (1/3) on March 31, 2029. The RSUs are net settled in shares of Common Stock.

This transaction represents 212,137 shares of Common Stock withheld for tax obligations in connection with the settlement on March 30, 2026 of 500,000 RSUs that vested on January 1, 2025 (the first of three equal annual installments). Those 500,000 RSUs had previously vested as reported on the Form 4 filed on January 3, 2025, however, settlement did not occur until March 30, 2026. Because the vesting of those 500,000 RSUs was previously reported, only the tax withholding is reported on this Form 4.

This transaction represents 134,903 shares of Common Stock withheld for tax obligations in connection with the settlement on March 30, 2026 of 333,333 RSUs that vested on January 1, 2025 (the first of three equal annual installments). Those 333,333 RSUs had previously vested as reported on the Form 4 filed on January 3, 2025, however, settlement did not occur until March 30, 2026. Because the vesting of those 333,333 RSUs was previously reported, only the tax withholding is reported on this Form 4.

The 1,096,608 shares of Common Stock beneficially owned following the reported transactions reflects: (i) 1,008,333 shares reported on the Form 4 filed December 3, 2025; plus (ii) 333,333 shares acquired upon vesting of RSUs on January 1, 2026 and subsequently settled on March 13, 2026 (Note 1 above); less (iii) 110,155 shares withheld for tax upon settlement of RSUs on March 13, 2026 (Note 2 above); less (iv) 134,903 shares withheld for tax upon settlement of RSUs on March 30, 2026 (Note 3 above).

This transaction represents 110,155 shares of Common Stock withheld for tax obligations in connection with the settlement on March 13, 2026 of 333,333 RSUs that vested on January 1, 2026 (the second of three equal annual installments). The vesting of those 333,333 RSUs is described in Note 1 above.

This transaction represents 210,688 shares of Common Stock withheld for tax obligations in connection with the settlement on March 13, 2026 of 500,000 RSUs that vested on January 1, 2026 (the second of three equal annual installments). The vesting of those 500,000 RSUs is described in Note 2 above.

The 1,484,337 shares of Common Stock beneficially owned following the reported transactions reflects: (i) 1,180,462 shares reported on the Form 4 filed January 3, 2025; plus (ii) 422,475 shares acquired upon vesting of RSUs on June 13, 2025 and subsequently settled on March 13, 2026 (Note 1 above); plus (iii) 500,000 shares acquired upon vesting of RSUs on January 1, 2026 and subsequently settled on March 13, 2026 (Note 2 above); less (iv) 212,137 shares withheld for tax upon settlement of RSUs on March 30, 2026 (Note 3 above); less (v) 195,775 shares withheld for tax upon settlement of RSUs on March 13, 2026 (Note 4 above); less (vi) 210,688 shares withheld for tax upon settlement of RSUs on March 13, 2026 (Note 5 above).

This transaction represents 195,775 shares of Common Stock withheld for tax obligations in connection with the settlement on March 13, 2026 of 422,475 RSUs that vested on June 13, 2025 (the first of three equal annual installments). The vesting of those 422,475 RSUs is described in Note 1 above.

Each Restricted Stock Unit ("RSU") represents a right to receive one share of Common Stock granted pursuant to the 2021 Equity Incentive Plan (amended and restated as of April 22, 2024 (the"Plan")).

Consists of RSUs granted on January 29, 2026 under the Plan. The RSUs vest in three equal annual installments, one-third (1/3) on January 29, 2027; one-third (1/3) on January 29, 2028; and one-third (1/3) on January 29, 2029. The RSUs are net settled in shares of Common Stock.

Each Restricted Stock Unit ("RSU") represents a right to receive one share of Common Stock granted pursuant to the 2021 Equity Incentive Plan (amended and restated as of April 22, 2024 (the "Plan")).

Consists of RSUs granted on January 29, 2026 under the Plan. The RSUs vest in three equal annual installments, one-third (1/3) on January 29, 2027; one-third (1/3) on January 29, 2028; and one-third (1/3) on January 29, 2029. The RSUs are net settled in shares of Common Stock.

Each Restricted Stock Unit ("RSU") represents a right to receive one share of Common Stock granted pursuant to the 2021 Equity Incentive Plan (amended and restated as of April 22, 2024 (the "Plan")).

Consists of RSUs granted on January 29, 2026 under the Plan. The RSUs vest in three equal annual installments, one-third (1/3) on January 29, 2027; one-third (1/3) on January 29, 2028; and one-third (1/3) on January 29, 2029. The RSUs are net settled in shares of Common Stock.

Each Restricted Stock Unit ("RSU") represents a right to receive one share of Common Stock granted pursuant to the 2021 Equity Incentive Plan (amended and restated as of April 22, 2024 (the "Plan")).

Consists of RSUs granted on January 29, 2026 under the Plan. The RSUs vest in three equal annual installments, one-third (1/3) on January 29, 2027; one-third (1/3) on January 29, 2028; and one-third (1/3) on January 29, 2029. The RSUs are net settled in shares of Common Stock.

Pursuant to anti-dilution rights granted to the Reporting Person under the Transaction Agreement dated November 6, 2024, the Issuer issued 4,274,704 common shares to the Reporting Person on January 21, 2026.

On January 20, 2026, Trina Solar (Schweiz) AG ("Trina") made a distribution of shares of common stock of the T1 Energy Inc. to certain employees of Trina, including the Reporting Person, pursuant to Trina's obligation under the Transaction Agreement, dated November 6, 2024, between Trina and T1 Energy Inc. The Reporting Person received 50,000 shares of common stock in that distribution for no consideration.

The number of securities reported as beneficially owned following the reported transaction reflects: (i) 81,800 shares of Common Stock previously reported as beneficially owned by the Reporting Person on the Form 3 filed on January 2, 2025; (ii) 50,000 RSUs granted on December 1, 2025, which vested immediately upon grant and will be net settled in shares of Common Stock, with one-third (1/3) of the units released on each of December 1, 2026, December 1, 2027, and December 1, 2028, as reported on the Form 4 filed on December 3, 2025; (iii) 250,000 RSUs granted on December 23, 2024, which vested and settled in a single tranche on December 23, 2025, as reported on the Form 4 filed on December 29, 2025; and (iv) 50,000 shares of Common Stock reported herein.

This transaction represents the vesting on January 1, 2026 of 500,000 RSUs granted on January 1, 2025 under the Company's 2021 Equity Incentive Plan (as amended and restated on April 22, 2024) and reported on the Form 4 filed January 3, 2025. This relates to the vesting of the second of three equal annual installments (further details in Note 8 below). Each RSU represents the right to receive one share of Common Stock. These 500,000 RSUs were settled in shares of Common Stock on March 13, 2026.

The RSUs reported on the Form 4 filed January 3, 2025 were granted for a total of 1,500,000 RSUs vesting in three equal annual installments: one-third vested on January 1, 2025; one-third vested on January 1, 2026; and the remaining one-third will vest on January 1, 2027. That filing reported 500,000 shares acquired in Table I and 1,000,000 RSUs in Table II, representing the unvested second and third installments. Following the vesting and settlement of the second installment reported herein, 500,000 RSUs remain outstanding and are reported in Table II, representing the third and final installment of the grant dated January 1, 2025. No Table II disposition was reported for the first installment because those RSUs were converted to shares upon vesting on January 1, 2025 and reported in Table I on the prior filing, not in Table II.

This transaction represents the vesting on January 1, 2026 of 333,333 Restricted Stock Units ("RSUs") granted on January 1, 2025 under the Company's 2021 Equity Incentive Plan (as amended and restated on April 22, 2024) and reported on the Form 4 filed January 3, 2025. This relates to the vesting of the second of three equal annual installments (further details in Note 5 below). Each RSU represents the right to receive one share of Common Stock. These 333,333 RSUs were settled in shares of Common Stock on March 13, 2026.

The RSUs reported on the Form 4 filed January 3, 2025 were granted for a total of 1,000,000 RSUs vesting in three equal annual installments: one-third vested on January 1, 2025; one-third vested on January 1, 2026; and the remaining one-third will vest on January 1, 2027. That filing reported 333,333 shares acquired in Table I and 666,667 RSUs in Table II, representing the unvested second and third installments. Following the vesting and settlement of the second installment reported herein, 333,334 RSUs remain outstanding and are reported in Table II, representing the third and final installment of the grant dated January 1, 2025. No Table II disposition was reported for the first installment because those RSUs were converted to shares upon vesting on January 1, 2025 and reported in Table I on the prior filing, not in Table II.

This transaction represents the vesting on January 1, 2026 of 500,000 RSUs granted on January 1, 2025 under the Company's 2021 Equity Incentive Plan (as amended and restated on April 22, 2024) and reported on the Form 4 filed January 3, 2025. This relates to the vesting of the second of three equal annual installments (further details in Note 8 below). Each RSU represents the right to receive one share of Common Stock. These 500,000 RSUs were settled in shares of Common Stock on March 13, 2026.

This transaction represents the vesting on January 1, 2026 of 333,333 Restricted Stock Units ("RSUs") granted on January 1, 2025 under the Company's 2021 Equity Incentive Plan (as amended and restated on April 22, 2024) and reported on the Form 4 filed January 3, 2025. This relates to the vesting of the second of three equal annual installments (further details in Note 5 below). Each RSU represents the right to receive one share of Common Stock. These 333,333 RSUs were settled in shares of Common Stock on March 13, 2026.

Pursuant to a Letter Agreement among the Issuer, Reporting Person, and other parties named therein dated December 29, 2025, the Issuer issued 3,000,000 common shares to the Reporting Person on December 30, 2025, in connection with a debt settlement. The issuance serves as partial consideration for (i) the full discharge of the Issuer's obligations under that certain $150.0 million 1% per annum senior unsecured note due 2029 and (ii) the partial satisfaction of a Production Reservation Fee owed by the Issuer and certain of its affiliates to an affiliate of the Reporting Person under the Transaction Agreement dated November 6, 2024.

The RSUs were granted pursuant to the 2021 Equity Incentive Plan (as amended and restated on April 22, 2024).

This transaction represents the net settlement of restricted stock units ("RSUs") in shares of Common Stock on their scheduled vesting date. The RSUs were granted on December 23, 2024 and fully vested on December 23, 2025. Each RSU represents the right to receive, at settlement, one share of Common Stock.