GTE

SEC source: 0001104659-21-046557 · tm2112150-6_4.xml · derivative · entry 2

Wade Brooke N. · CIK 0001646479 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,829

Underlying: Common Stock · 14,829 shares

Expires 2026-04-01

SEC source: 0001104659-21-046557 · tm2112150-6_4.xml · derivative · entry 1

Wade Brooke N. · CIK 0001646479 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 854,986

Underlying: Common Stock · 59,131 shares

Expires not disclosed

F1 · derivative.exercise_price: Deferred stock units convert into common stock on a one-for-one basis.

F2 · derivative.exercise_date: Each deferred stock unit represents a contingent right to receive one share of Gran Tierra Energy Inc. common stock. The deferred stock units vest in full at such time as the reporting person ceases to be a member of the Board of Directors of the Issuer.

F2 · derivative.expiration_date: Each deferred stock unit represents a contingent right to receive one share of Gran Tierra Energy Inc. common stock. The deferred stock units vest in full at such time as the reporting person ceases to be a member of the Board of Directors of the Issuer.

SEC source: 0001104659-21-046553 · tm2112150-5_4.xml · derivative · entry 2

Smith David P · CIK 0001642280 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,829

Underlying: Common Stock · 14,829 shares

Expires 2026-04-01

SEC source: 0001104659-21-046553 · tm2112150-5_4.xml · derivative · entry 1

Smith David P · CIK 0001642280 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 377,254

Underlying: Common Stock · 27,187 shares

Expires not disclosed

F1 · derivative.exercise_price: Deferred stock units convert into common stock on a one-for-one basis.

F2 · derivative.exercise_date: Each deferred stock unit represents a contingent right to receive one share of Gran Tierra Energy Inc. common stock. The deferred stock units vest in full at such time as the reporting person ceases to be a member of the Board of Directors of the Issuer.

F2 · derivative.expiration_date: Each deferred stock unit represents a contingent right to receive one share of Gran Tierra Energy Inc. common stock. The deferred stock units vest in full at such time as the reporting person ceases to be a member of the Board of Directors of the Issuer.

SEC source: 0001104659-21-046548 · tm2112150-3_4.xml · derivative · entry 1

Hodgins Robert B. · CIK 0001642212 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 749,782

Underlying: Common Stock · 52,777 shares

Expires not disclosed

F1 · derivative.exercise_price: Deferred stock units convert into common stock on a one-for-one basis.

F2 · derivative.exercise_date: Each deferred stock unit represents a contingent right to receive one share of Gran Tierra Energy Inc. common stock. The deferred stock units vest in full at such time as the reporting person ceases to be a member of the Board of Directors of the Issuer.

F2 · derivative.expiration_date: Each deferred stock unit represents a contingent right to receive one share of Gran Tierra Energy Inc. common stock. The deferred stock units vest in full at such time as the reporting person ceases to be a member of the Board of Directors of the Issuer.

SEC source: 0001104659-21-046546 · tm2112150-2_4.xml · derivative · entry 2

Hazell Evan · CIK 0001646362 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,829

Underlying: Common Stock · 14,829 shares

Expires 2026-04-01

SEC source: 0001104659-21-046546 · tm2112150-2_4.xml · derivative · entry 1

Hazell Evan · CIK 0001646362 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 680,426

Underlying: Common Stock · 47,673 shares

Expires not disclosed

F1 · derivative.exercise_price: Deferred stock units convert into common stock on a one-for-one basis.

F2 · derivative.exercise_date: Each deferred stock unit represents a contingent right to receive one share of Gran Tierra Energy Inc. common stock. The deferred stock units vest in full at such time as the reporting person ceases to be a member of the Board of Directors of the Issuer.

F2 · derivative.expiration_date: Each deferred stock unit represents a contingent right to receive one share of Gran Tierra Energy Inc. common stock. The deferred stock units vest in full at such time as the reporting person ceases to be a member of the Board of Directors of the Issuer.

SEC source: 0001106191-21-000021 · primary_doc.xml · nonDerivative · entry 1

GMT CAPITAL CORP · CIK 0001106191 · 10% owner

BAY RESOURCE PARTNERS LP · CIK 0000899037 · 10% owner

BAY II RESOURCE PARTNERS LP · CIK 0001161416 · 10% owner

BAY RESOURCE PARTNERS OFFSHORE MASTER FUND, L.P. · CIK 0001733113 · 10% owner

CLAUGUS THOMAS E · CIK 0001075617 · 10% owner

GMT Exploration Co LLC · CIK 0001396794 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 44,782,509

F1 · security: This Form 4 is being jointly filed by Bay Resource Partners, L.P. (Bay), a Delaware limited partnership, Bay II Resource Partners, L.P. (Bay II), a Delaware limited partnership, Bay Resource Partners Offshore Master Fund, L.P. (Bay Offshore), an exempted limited partnership organized under the laws of the Cayman Islands, GMT Exploration Company LLC (GMT Exploration), a Delaware limited liability company, GMT Capital Corp., a Georgia corporation (GMT Capital), and Thomas E. Claugus (Claugus), a United States citizen. The foregoing persons are hereinafter sometimes collectively referred to as the Reporting Persons.

F2 · security: GMT Capital is the general partner of Bay and Bay II and has the power to direct the affairs of Bay and Bay II, including voting and disposition of shares. As the discretionary investment manager of Bay Offshore, GMT Capital has power to direct voting and disposition of shares held by Bay Offshore. Claugus is the President of GMT Capital and in that capacity, directs the operations of each of Bay and Bay II and voting and disposition of shares held by Bay Offshore. GMT Capital is also the non-discretionary manager of GMT Exploration through a separately managed account relationship. In addition, Claugus owns a controlling interest in GMT Exploration. GMT Capital and Claugus may be deemed to beneficially own indirect pecuniary interest as the result of performance-based fees and profit allocations. Each of GMT Capital and Claugus disclaims such beneficial ownership except to the extent ultimately realized.

F3 · security: The aggregate number of shares of common stock sold on March 31, 2021, was 366,300 shares, at a price of $0.70 per share, resulting in an aggregate number of shares owned by the Reporting Persons of 44,782,509. Such shares were sold, and thereafter beneficially owned by the Reporting Persons in the following amounts: Bay = 109,300 shares sold resulting in ownership of 12,968,590 shares; Bay II = 87,700 shares sold resulting in ownership of 10,510,730 shares; Offshore Fund = 154,700 shares sold resulting in ownership of 18,398,089 shares; GMT Capital = 0 shares sold resulting in ownership of 147,000 shares; Claugus =14,600 shares sold resulting in ownership of 1,731,200 shares; GMT Exploration = 0 shares sold resulting in ownership of 1,026,900 shares.

SEC source: 0001106191-21-000020 · primary_doc.xml · nonDerivative · entry 2

GMT CAPITAL CORP · CIK 0001106191 · 10% owner

BAY RESOURCE PARTNERS LP · CIK 0000899037 · 10% owner

BAY II RESOURCE PARTNERS LP · CIK 0001161416 · 10% owner

BAY RESOURCE PARTNERS OFFSHORE MASTER FUND, L.P. · CIK 0001733113 · 10% owner

CLAUGUS THOMAS E · CIK 0001075617 · 10% owner

GMT Exploration Co LLC · CIK 0001396794 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 45,148,809

F1 · security: This Form 4 is being jointly filed by Bay Resource Partners, L.P. (Bay), a Delaware limited partnership, Bay II Resource Partners, L.P. (Bay II), a Delaware limited partnership, Bay Resource Partners Offshore Master Fund, L.P. (Bay Offshore), an exempted limited partnership organized under the laws of the Cayman Islands, GMT Exploration Company LLC (GMT Exploration), a Delaware limited liability company, GMT Capital Corp., a Georgia corporation (GMT Capital), and Thomas E. Claugus (Claugus), a United States citizen. The foregoing persons are hereinafter sometimes collectively referred to as the Reporting Persons.

F2 · security: GMT Capital is the general partner of Bay and Bay II and has the power to direct the affairs of Bay and Bay II, including voting and disposition of shares. As the discretionary investment manager of Bay Offshore, GMT Capital has power to direct voting and disposition of shares held by Bay Offshore. Claugus is the President of GMT Capital and in that capacity, directs the operations of each of Bay and Bay II and voting and disposition of shares held by Bay Offshore. GMT Capital is also the non-discretionary manager of GMT Exploration through a separately managed account relationship. In addition, Claugus owns a controlling interest in GMT Exploration. GMT Capital and Claugus may be deemed to beneficially own indirect pecuniary interest as the result of performance-based fees and profit allocations. Each of GMT Capital and Claugus disclaims such beneficial ownership except to the extent ultimately realized.

F4 · security: The aggregate number of shares of common stock sold on March 30, 2021, was 186,000 shares, at a price of $0.68 per share, resulting in an aggregate number of shares owned by the Reporting Persons of 45,148,809. Such shares were sold, and thereafter beneficially owned by the Reporting Persons in the following amounts: Bay = 55,500 shares sold resulting in ownership of 13,077,890 shares; Bay II = 44,600 shares sold resulting in ownership of 10,598,430 shares; Offshore Fund = 78,500 shares sold resulting in ownership of 18,552,789 shares; GMT Capital = 0 shares sold resulting in ownership of 147,000 shares; Claugus =7,400 shares sold resulting in ownership of 1,745,800 shares; GMT Exploration = 0 shares sold resulting in ownership of 1,026,900 shares.

SEC source: 0001106191-21-000020 · primary_doc.xml · nonDerivative · entry 1

GMT CAPITAL CORP · CIK 0001106191 · 10% owner

BAY RESOURCE PARTNERS LP · CIK 0000899037 · 10% owner

BAY II RESOURCE PARTNERS LP · CIK 0001161416 · 10% owner

BAY RESOURCE PARTNERS OFFSHORE MASTER FUND, L.P. · CIK 0001733113 · 10% owner

CLAUGUS THOMAS E · CIK 0001075617 · 10% owner

GMT Exploration Co LLC · CIK 0001396794 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 45,334,809

F1 · security: This Form 4 is being jointly filed by Bay Resource Partners, L.P. (Bay), a Delaware limited partnership, Bay II Resource Partners, L.P. (Bay II), a Delaware limited partnership, Bay Resource Partners Offshore Master Fund, L.P. (Bay Offshore), an exempted limited partnership organized under the laws of the Cayman Islands, GMT Exploration Company LLC (GMT Exploration), a Delaware limited liability company, GMT Capital Corp., a Georgia corporation (GMT Capital), and Thomas E. Claugus (Claugus), a United States citizen. The foregoing persons are hereinafter sometimes collectively referred to as the Reporting Persons.

F2 · security: GMT Capital is the general partner of Bay and Bay II and has the power to direct the affairs of Bay and Bay II, including voting and disposition of shares. As the discretionary investment manager of Bay Offshore, GMT Capital has power to direct voting and disposition of shares held by Bay Offshore. Claugus is the President of GMT Capital and in that capacity, directs the operations of each of Bay and Bay II and voting and disposition of shares held by Bay Offshore. GMT Capital is also the non-discretionary manager of GMT Exploration through a separately managed account relationship. In addition, Claugus owns a controlling interest in GMT Exploration. GMT Capital and Claugus may be deemed to beneficially own indirect pecuniary interest as the result of performance-based fees and profit allocations. Each of GMT Capital and Claugus disclaims such beneficial ownership except to the extent ultimately realized.

F3 · security: The aggregate number of shares of common stock sold on March 29, 2021, was 238,000 shares, at a price of $0.69 per share, resulting in an aggregate number of shares owned by the Reporting Persons of 45,334,809. Such shares were sold, and thereafter beneficially owned by the Reporting Persons in the following amounts: Bay = 71,100 shares sold resulting in ownership of 13,133,390 shares; Bay II = 57,100 shares sold resulting in ownership of 10,643,030 shares; Offshore Fund = 100,400 shares sold resulting in ownership of 18,631,289 shares; GMT Capital = 0 shares sold resulting in ownership of 147,000 shares; Claugus =9,400 shares sold resulting in ownership of 1,753,200 shares; GMT Exploration = 0 shares sold resulting in ownership of 1,026,900 shares.

SEC source: 0001104659-21-038670 · tm2110235d1_4seq1.xml · nonDerivative · entry 1

Evans Jim · CIK 0001642276 · VP, Corporate Services

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 294,441

F1 · kind: These shares were acquired on March 18, 2021 through the Gran Tierra Inc. Employee Stock Purchase Plan in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c).

F2 · price: Purchase price of security was transacted in Canadian currency and converted to U.S. currency.

SEC source: 0001104659-21-038667 · tm2110235d2_4seq1.xml · nonDerivative · entry 1

Guidry Gary · CIK 0001642424 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,692,942

F1 · kind: These shares were acquired on March 18, 2021 through the Gran Tierra Inc. Employee Stock Purchase Plan in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c).

F2 · price: Purchase price of security was transacted in Canadian currency and converted to U.S. currency.

SEC source: 0001104659-21-038663 · tm2110235d3_4seq1.xml · nonDerivative · entry 1

Ellson Ryan · CIK 0001642213 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 460,397

F1 · kind: These shares were acquired on March 18, 2021 through the Gran Tierra Inc. Employee Stock Purchase Plan in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c).

F2 · price: Purchase price of security was transacted in Canadian currency and converted to U.S. currency.

SEC source: 0001104659-21-038658 · tm2110235d4_4seq1.xml · nonDerivative · entry 1

Trimble Rodger Derrick · CIK 0001678494 · VP, Investor Relations

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 215,121

F1 · kind: These shares were acquired on March 18, 2021 through the Gran Tierra Inc. Employee Stock Purchase Plan in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c).

F2 · price: Purchase price of security was transacted in Canadian currency and converted to U.S. currency.

SEC source: 0001104659-21-031833 · tm218615-1_4seq1.xml · nonDerivative · entry 1

Guidry Gary · CIK 0001642424 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,688,095

F1 · kind: These shares were acquired on March 3, 2021 through the Gran Tierra Inc. Employee Stock Purchase Plan in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c).

F2 · price: Purchase price of security was transacted in Canadian currency and converted to U.S. currency.

SEC source: 0001104659-21-031829 · tm218615-2_4seq1.xml · nonDerivative · entry 1

Evans Jim · CIK 0001642276 · Vice President, Corp Services

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 292,926

F1 · kind: These shares were acquired on March 3, 2021 through the Gran Tierra Inc. Employee Stock Purchase Plan in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c).

F2 · price: Purchase price of security was transacted in Canadian currency and converted to U.S. currency.

SEC source: 0001104659-21-031827 · tm218615-3_4seq1.xml · nonDerivative · entry 1

Trimble Rodger Derrick · CIK 0001678494 · VP, Investor Relations

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 212,697

F1 · kind: These shares were acquired on March 3, 2021 through the Gran Tierra Inc. Employee Stock Purchase Plan in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c).

F2 · price: Purchase price of security was transacted in Canadian currency and converted to U.S. currency.

SEC source: 0001104659-21-031825 · tm218615-4_4seq1.xml · nonDerivative · entry 1

Ellson Ryan · CIK 0001642213 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 456,963

F1 · kind: These shares were acquired on March 3, 2021 through the Gran Tierra Inc. Employee Stock Purchase Plan in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c).

F2 · price: Purchase price of security was transacted in Canadian currency and converted to U.S. currency.

SEC source: 0001104659-21-031048 · tm218519d1_4seq1.xml · derivative · entry 1

Guidry Gary · CIK 0001642424 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 688,525

Underlying: Common Stock · 688,525 shares

Expires 2026-03-01

F1 · derivative.exercise_date: One-third of the stock options will vest on March 1, 2022, an additional one-third of the stock options will vest on March 1, 2023 and the remaining one-third of the stock options will vest on March 1, 2024.

SEC source: 0001104659-21-031044 · tm218519d2_4seq1.xml · derivative · entry 1

Evans Jim · CIK 0001642276 · VP, Corporate Services

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 274,590

Underlying: Common Stock · 274,590 shares

Expires 2026-03-01

F1 · derivative.exercise_date: One-third of the stock options will vest on March 1, 2022, an additional one-third of the stock options will vest on March 1, 2023 and the remaining one-third of the stock options will vest on March 1, 2024.

SEC source: 0001104659-21-031040 · tm218519d3_4seq1.xml · derivative · entry 1

Trimble Rodger Derrick · CIK 0001678494 · VP, Investor Relations

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 196,721

Underlying: Common Stock · 196,721 shares

Expires 2026-03-01

F1 · derivative.exercise_date: One-third of the stock options will vest on March 1, 2022, an additional one-third of the stock options will vest on March 1, 2023 and the remaining one-third of the stock options will vest on March 1, 2024.

SEC source: 0001104659-21-031037 · tm218519d4_4seq1.xml · derivative · entry 1

Ellson Ryan · CIK 0001642213 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 470,492

Underlying: Common Stock · 470,492 shares

Expires 2026-03-01

F1 · derivative.exercise_date: One-third of the stock options will vest on March 1, 2022, an additional one-third of the stock options will vest on March 1, 2023 and the remaining one-third of the stock options will vest on March 1, 2024.

SEC source: 0001104659-21-031034 · tm218519d5_4seq1.xml · derivative · entry 1

West Lawrence · CIK 0001642277 · VP, Exploration

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 274,590

Underlying: Common Stock · 274,590 shares

Expires 2026-03-01

F1 · derivative.exercise_date: One-third of the stock options will vest on March 1, 2022, an additional one-third of the stock options will vest on March 1, 2023 and the remaining one-third of the stock options will vest on March 1, 2024.

SEC source: 0001104659-21-029601 · tm218186d1_4.xml · nonDerivative · entry 2

Ellson Ryan · CIK 0001642213 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 453,683

SEC source: 0001104659-21-029601 · tm218186d1_4.xml · nonDerivative · entry 1

Ellson Ryan · CIK 0001642213 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 607,222

SEC source: 0001104659-21-029599 · tm218186-2_4seq1.xml · nonDerivative · entry 2

Guidry Gary · CIK 0001642424 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,683,465

SEC source: 0001104659-21-029599 · tm218186-2_4seq1.xml · nonDerivative · entry 1

Guidry Gary · CIK 0001642424 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,895,452

SEC source: 0001104659-21-029595 · tm218186-3_4seq1.xml · nonDerivative · entry 2

Trimble Rodger Derrick · CIK 0001678494 · VP, Investor Relations

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 210,382

SEC source: 0001104659-21-029595 · tm218186-3_4seq1.xml · nonDerivative · entry 1

Trimble Rodger Derrick · CIK 0001678494 · VP, Investor Relations

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 301,234

SEC source: 0001104659-21-029594 · tm218186-4_4seq1.xml · nonDerivative · entry 2

West Lawrence · CIK 0001642277 · Vice President, Exploration

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 350,000

SEC source: 0001104659-21-029594 · tm218186-4_4seq1.xml · nonDerivative · entry 1

West Lawrence · CIK 0001642277 · Vice President, Exploration

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 440,852

SEC source: 0001104659-21-029590 · tm218186-5_4seq1.xml · nonDerivative · entry 2

Evans Jim · CIK 0001642276 · VP, Corporate Services

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 291,479

SEC source: 0001104659-21-029590 · tm218186-5_4seq1.xml · nonDerivative · entry 1

Evans Jim · CIK 0001642276 · VP, Corporate Services

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 382,331

SEC source: 0001106191-21-000019 · primary_doc.xml · nonDerivative · entry 2

GMT CAPITAL CORP · CIK 0001106191 · 10% owner

BAY RESOURCE PARTNERS LP · CIK 0000899037 · 10% owner

BAY II RESOURCE PARTNERS LP · CIK 0001161416 · 10% owner

BAY RESOURCE PARTNERS OFFSHORE MASTER FUND, L.P. · CIK 0001733113 · 10% owner

CLAUGUS THOMAS E · CIK 0001075617 · 10% owner

GMT Exploration Co LLC · CIK 0001396794 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 45,572,809

F1 · security: This Form 4 is being jointly filed by Bay Resource Partners, L.P. (Bay), a Delaware limited partnership, Bay II Resource Partners, L.P. (Bay II), a Delaware limited partnership, Bay Resource Partners Offshore Master Fund, L.P. (Bay Offshore), an exempted limited partnership organized under the laws of the Cayman Islands, GMT Exploration Company LLC (GMT Exploration), a Delaware limited liability company, GMT Capital Corp., a Georgia corporation (GMT Capital), and Thomas E. Claugus (Claugus), a United States citizen. The foregoing persons are hereinafter sometimes collectively referred to as the Reporting Persons.

F2 · security: GMT Capital is the general partner of Bay and Bay II and has the power to direct the affairs of Bay and Bay II, including voting and disposition of shares. As the discretionary investment manager of Bay Offshore, GMT Capital has power to direct voting and disposition of shares held by Bay Offshore. Claugus is the President of GMT Capital and in that capacity, directs the operations of each of Bay and Bay II and voting and disposition of shares held by Bay Offshore. GMT Capital is also the non-discretionary manager of GMT Exploration through a separately managed account relationship. In addition, Claugus owns a controlling interest in GMT Exploration. GMT Capital and Claugus may be deemed to beneficially own indirect pecuniary interest as the result of performance-based fees and profit allocations. Each of GMT Capital and Claugus disclaims such beneficial ownership except to the extent ultimately realized.

F4 · security: The aggregate number of shares of common stock sold on February 18, 2021, was 161,100 shares, at a price of $0.93 per share, resulting in an aggregate number of shares owned by the Reporting Persons of 45,572,809. Such shares were sold, and thereafter beneficially owned by the Reporting Persons in the following amounts: Bay = 48,100 shares sold resulting in ownership of 13,204,490 shares; Bay II = 38,600 shares sold resulting in ownership of 10,700,130 shares; Offshore Fund = 68,000 shares sold resulting in ownership of 18,731,689 shares; GMT Capital = 0 shares sold resulting in ownership of 147,000 shares; Claugus =6,400 shares sold resulting in ownership of 1,762,600 shares; GMT Exploration = 0 shares sold resulting in ownership of 1,026,900 shares.

SEC source: 0001104659-21-025562 · tm217234-4_4.xml · nonDerivative · entry 1

Trimble Rodger Derrick · CIK 0001678494 · VP, Investor Relations

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 210,382

F1 · kind: These shares were acquired on February 18, 2021 through the Gran Tierra Inc. Employee Stock Purchase Plan in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c).

F2 · price: Purchase price of security was transacted in Canadian currency and converted to U.S. currency.

SEC source: 0001104659-21-025561 · tm217234-3_4.xml · nonDerivative · entry 1

Ellson Ryan · CIK 0001642213 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 453,683

F1 · kind: These shares were acquired on February 18, 2021 through the Gran Tierra Inc. Employee Stock Purchase Plan in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c).

F2 · price: Purchase price of security was transacted in Canadian currency and converted to U.S. currency.

SEC source: 0001104659-21-025560 · tm217234-2_4.xml · nonDerivative · entry 1

Evans Jim · CIK 0001642276 · VP, Corporate Services

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 291,479

F1 · kind: These shares were acquired on February 18, 2021 through the Gran Tierra Inc. Employee Stock Purchase Plan in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c).

F2 · price: Purchase price of security was transacted in Canadian currency and converted to U.S. currency.

SEC source: 0001104659-21-025559 · tm217234-1_4.xml · nonDerivative · entry 1

Guidry Gary · CIK 0001642424 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,683,465

F1 · kind: These shares were acquired on February 18, 2021 through the Gran Tierra Inc. Employee Stock Purchase Plan in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c).

F2 · price: Purchase price of security was transacted in Canadian currency and converted to U.S. currency.

SEC source: 0001106191-21-000019 · primary_doc.xml · nonDerivative · entry 1

GMT CAPITAL CORP · CIK 0001106191 · 10% owner

BAY RESOURCE PARTNERS LP · CIK 0000899037 · 10% owner

BAY II RESOURCE PARTNERS LP · CIK 0001161416 · 10% owner

BAY RESOURCE PARTNERS OFFSHORE MASTER FUND, L.P. · CIK 0001733113 · 10% owner

CLAUGUS THOMAS E · CIK 0001075617 · 10% owner

GMT Exploration Co LLC · CIK 0001396794 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 45,733,909

F1 · security: This Form 4 is being jointly filed by Bay Resource Partners, L.P. (Bay), a Delaware limited partnership, Bay II Resource Partners, L.P. (Bay II), a Delaware limited partnership, Bay Resource Partners Offshore Master Fund, L.P. (Bay Offshore), an exempted limited partnership organized under the laws of the Cayman Islands, GMT Exploration Company LLC (GMT Exploration), a Delaware limited liability company, GMT Capital Corp., a Georgia corporation (GMT Capital), and Thomas E. Claugus (Claugus), a United States citizen. The foregoing persons are hereinafter sometimes collectively referred to as the Reporting Persons.

F2 · security: GMT Capital is the general partner of Bay and Bay II and has the power to direct the affairs of Bay and Bay II, including voting and disposition of shares. As the discretionary investment manager of Bay Offshore, GMT Capital has power to direct voting and disposition of shares held by Bay Offshore. Claugus is the President of GMT Capital and in that capacity, directs the operations of each of Bay and Bay II and voting and disposition of shares held by Bay Offshore. GMT Capital is also the non-discretionary manager of GMT Exploration through a separately managed account relationship. In addition, Claugus owns a controlling interest in GMT Exploration. GMT Capital and Claugus may be deemed to beneficially own indirect pecuniary interest as the result of performance-based fees and profit allocations. Each of GMT Capital and Claugus disclaims such beneficial ownership except to the extent ultimately realized.

F3 · security: The aggregate number of shares of common stock sold on February 17, 2021, was 880,300 shares, at a price of $1.01 per share, resulting in an aggregate number of shares owned by the Reporting Persons of 45,733,909. Such shares were sold, and thereafter beneficially owned by the Reporting Persons in the following amounts: Bay = 262,900 shares sold resulting in ownership of 13,252,590 shares; Bay II = 211,100 shares sold resulting in ownership of 10,738,730 shares; Offshore Fund = 371,300 shares sold resulting in ownership of 18,799,689 shares; GMT Capital = 0 shares sold resulting in ownership of 147,000 shares; Claugus =35,000 shares sold resulting in ownership of 1,769,000 shares; GMT Exploration = 0 shares sold resulting in ownership of 1,026,900 shares.

SEC source: 0001106191-21-000018 · primary_doc.xml · nonDerivative · entry 2

GMT CAPITAL CORP · CIK 0001106191 · 10% owner

BAY RESOURCE PARTNERS LP · CIK 0000899037 · 10% owner

BAY II RESOURCE PARTNERS LP · CIK 0001161416 · 10% owner

BAY RESOURCE PARTNERS OFFSHORE MASTER FUND, L.P. · CIK 0001733113 · 10% owner

CLAUGUS THOMAS E · CIK 0001075617 · 10% owner

GMT Exploration Co LLC · CIK 0001396794 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 46,614,209

F1 · security: This Form 4 is being jointly filed by Bay Resource Partners, L.P. (Bay), a Delaware limited partnership, Bay II Resource Partners, L.P. (Bay II), a Delaware limited partnership, Bay Resource Partners Offshore Master Fund, L.P. (Bay Offshore), an exempted limited partnership organized under the laws of the Cayman Islands, GMT Exploration Company LLC (GMT Exploration), a Delaware limited liability company, GMT Capital Corp., a Georgia corporation (GMT Capital), and Thomas E. Claugus (Claugus), a United States citizen. The foregoing persons are hereinafter sometimes collectively referred to as the Reporting Persons.

F2 · security: GMT Capital is the general partner of Bay and Bay II and has the power to direct the affairs of Bay and Bay II, including voting and disposition of shares. As the discretionary investment manager of Bay Offshore, GMT Capital has power to direct voting and disposition of shares held by Bay Offshore. Claugus is the President of GMT Capital and in that capacity, directs the operations of each of Bay and Bay II and voting and disposition of shares held by Bay Offshore. GMT Capital is also the non-discretionary manager of GMT Exploration through a separately managed account relationship. In addition, Claugus owns a controlling interest in GMT Exploration. GMT Capital and Claugus may be deemed to beneficially own indirect pecuniary interest as the result of performance-based fees and profit allocations. Each of GMT Capital and Claugus disclaims such beneficial ownership except to the extent ultimately realized.

F4 · security: The aggregate number of shares of common stock sold on February 16, 2021, was 1,041,400 shares, at a price of $1.08 per share, resulting in an aggregate number of shares owned by the Reporting Persons of 46,614,209. Such shares were sold, and thereafter beneficially owned by the Reporting Persons in the following amounts: Bay = 311,000 shares sold resulting in ownership of 13,515,490 shares; Bay II = 249,600 shares sold resulting in ownership of 10,949,830 shares; Offshore Fund = 439,400 shares sold resulting in ownership of 19,170,989 shares; GMT Capital = 0 shares sold resulting in ownership of 147,000 shares; Claugus =41,400 shares sold resulting in ownership of 1,804,000 shares; GMT Exploration = 0 shares sold resulting in ownership of 1,026,900 shares.

SEC source: 0001106191-21-000018 · primary_doc.xml · nonDerivative · entry 1

GMT CAPITAL CORP · CIK 0001106191 · 10% owner

BAY RESOURCE PARTNERS LP · CIK 0000899037 · 10% owner

BAY II RESOURCE PARTNERS LP · CIK 0001161416 · 10% owner

BAY RESOURCE PARTNERS OFFSHORE MASTER FUND, L.P. · CIK 0001733113 · 10% owner

CLAUGUS THOMAS E · CIK 0001075617 · 10% owner

GMT Exploration Co LLC · CIK 0001396794 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 47,655,609

F1 · security: This Form 4 is being jointly filed by Bay Resource Partners, L.P. (Bay), a Delaware limited partnership, Bay II Resource Partners, L.P. (Bay II), a Delaware limited partnership, Bay Resource Partners Offshore Master Fund, L.P. (Bay Offshore), an exempted limited partnership organized under the laws of the Cayman Islands, GMT Exploration Company LLC (GMT Exploration), a Delaware limited liability company, GMT Capital Corp., a Georgia corporation (GMT Capital), and Thomas E. Claugus (Claugus), a United States citizen. The foregoing persons are hereinafter sometimes collectively referred to as the Reporting Persons.

F2 · security: GMT Capital is the general partner of Bay and Bay II and has the power to direct the affairs of Bay and Bay II, including voting and disposition of shares. As the discretionary investment manager of Bay Offshore, GMT Capital has power to direct voting and disposition of shares held by Bay Offshore. Claugus is the President of GMT Capital and in that capacity, directs the operations of each of Bay and Bay II and voting and disposition of shares held by Bay Offshore. GMT Capital is also the non-discretionary manager of GMT Exploration through a separately managed account relationship. In addition, Claugus owns a controlling interest in GMT Exploration. GMT Capital and Claugus may be deemed to beneficially own indirect pecuniary interest as the result of performance-based fees and profit allocations. Each of GMT Capital and Claugus disclaims such beneficial ownership except to the extent ultimately realized.

F3 · security: The aggregate number of shares of common stock sold on February 12, 2021, was 1,541,400 shares, at a price of $1.01 per share, resulting in an aggregate number of shares owned by the Reporting Persons of 47,655,609. Such shares were sold, and thereafter beneficially owned by the Reporting Persons in the following amounts: Bay = 311,000 shares sold resulting in ownership of 13,826,490 shares; Bay II = 249,700 shares sold resulting in ownership of 11,199,430 shares; Offshore Fund = 439,300 shares sold resulting in ownership of 19,610,389 shares; GMT Capital = 0 shares sold resulting in ownership of 147,000 shares; Claugus =41,400 shares sold resulting in ownership of 1,845,400 shares; GMT Exploration = 500,000 shares sold resulting in ownership of 1,026,900 shares.

SEC source: 0001106191-21-000017 · primary_doc.xml · nonDerivative · entry 1

GMT CAPITAL CORP · CIK 0001106191 · 10% owner

BAY RESOURCE PARTNERS LP · CIK 0000899037 · 10% owner

BAY II RESOURCE PARTNERS LP · CIK 0001161416 · 10% owner

BAY RESOURCE PARTNERS OFFSHORE MASTER FUND, L.P. · CIK 0001733113 · 10% owner

CLAUGUS THOMAS E · CIK 0001075617 · 10% owner

GMT Exploration Co LLC · CIK 0001396794 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 49,197,009

F1 · security: This Form 4 is being jointly filed by Bay Resource Partners, L.P. (Bay), a Delaware limited partnership, Bay II Resource Partners, L.P. (Bay II), a Delaware limited partnership, Bay Resource Partners Offshore Master Fund, L.P. (Bay Offshore), an exempted limited partnership organized under the laws of the Cayman Islands, GMT Exploration Company LLC (GMT Exploration), a Delaware limited liability company, GMT Capital Corp., a Georgia corporation (GMT Capital), and Thomas E. Claugus (Claugus), a United States citizen. The foregoing persons are hereinafter sometimes collectively referred to as the Reporting Persons.

F2 · security: GMT Capital is the general partner of Bay and Bay II and has the power to direct the affairs of Bay and Bay II, including voting and disposition of shares. As the discretionary investment manager of Bay Offshore, GMT Capital has power to direct voting and disposition of shares held by Bay Offshore. Claugus is the President of GMT Capital and in that capacity, directs the operations of each of Bay and Bay II and voting and disposition of shares held by Bay Offshore. GMT Capital is also the non-discretionary manager of GMT Exploration through a separately managed account relationship. In addition, Claugus owns a controlling interest in GMT Exploration. GMT Capital and Claugus may be deemed to beneficially own indirect pecuniary interest as the result of performance-based fees and profit allocations. Each of GMT Capital and Claugus disclaims such beneficial ownership except to the extent ultimately realized.

F3 · security: The aggregate number of shares of common stock sold on February 11, 2021, was 2,082,800 shares, at a price of $1.15 per share, resulting in an aggregate number of shares owned by the Reporting Persons of 49,197,009. Such shares were sold, and thereafter beneficially owned by the Reporting Persons in the following amounts: Bay = 622,000 shares sold resulting in ownership of 14,137,490 shares; Bay II = 499,300 shares sold resulting in ownership of 11,449,130 shares; Offshore Fund = 878,700 shares sold resulting in ownership of 20,049,689 shares; GMT Capital = 0 shares sold resulting in ownership of 147,000 shares; Claugus =82,800 shares sold resulting in ownership of 1,886,800 shares; GMT Exploration = 0 shares sold resulting in ownership of 1,526,900 shares.

SEC source: 0001106191-21-000012 · primary_doc.xml · nonDerivative · entry 2

GMT CAPITAL CORP · CIK 0001106191 · 10% owner

BAY RESOURCE PARTNERS LP · CIK 0000899037 · 10% owner

BAY II RESOURCE PARTNERS LP · CIK 0001161416 · 10% owner

BAY RESOURCE PARTNERS OFFSHORE MASTER FUND, L.P. · CIK 0001733113 · 10% owner

CLAUGUS THOMAS E · CIK 0001075617 · 10% owner

GMT Exploration Co LLC · CIK 0001396794 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 51,279,809

F1 · security: This Form 4 is being jointly filed by Bay Resource Partners, L.P. (Bay), a Delaware limited partnership, Bay II Resource Partners, L.P. (Bay II), a Delaware limited partnership, Bay Resource Partners Offshore Master Fund, L.P. (Bay Offshore), an exempted limited partnership organized under the laws of the Cayman Islands, GMT Exploration Company LLC (GMT Exploration), a Delaware limited liability company, GMT Capital Corp., a Georgia corporation (GMT Capital), and Thomas E. Claugus (Claugus), a United States citizen. The foregoing persons are hereinafter sometimes collectively referred to as the Reporting Persons.

F2 · security: GMT Capital is the general partner of Bay and Bay II and has the power to direct the affairs of Bay and Bay II, including voting and disposition of shares. As the discretionary investment manager of Bay Offshore, GMT Capital has power to direct voting and disposition of shares held by Bay Offshore. Claugus is the President of GMT Capital and in that capacity, directs the operations of each of Bay and Bay II and voting and disposition of shares held by Bay Offshore. GMT Capital is also the non-discretionary manager of GMT Exploration through a separately managed account relationship. In addition, Claugus owns a controlling interest in GMT Exploration. GMT Capital and Claugus may be deemed to beneficially own indirect pecuniary interest as the result of performance-based fees and profit allocations. Each of GMT Capital and Claugus disclaims such beneficial ownership except to the extent ultimately realized.

F4 · security: The aggregate number of shares of common stock sold on February 10, 2021, was 2,186,900 shares, at a price of $0.95 per share, resulting in an aggregate number of shares owned by the Reporting Persons of 51,279,809. Such shares were sold, and thereafter beneficially owned by the Reporting Persons in the following amounts: Bay = 653,100 shares sold resulting in ownership of 14,759,490 shares; Bay II = 524,200 shares sold resulting in ownership of 11,948,430 shares; Offshore Fund = 922,700 shares sold resulting in ownership of 20,928,389 shares; GMT Capital = 0 shares sold resulting in ownership of 147,000 shares; Claugus =86,900 shares sold resulting in ownership of 1,969,600 shares; GMT Exploration = 0 shares sold resulting in ownership of 1,526,900 shares.

SEC source: 0001106191-21-000012 · primary_doc.xml · nonDerivative · entry 1

GMT CAPITAL CORP · CIK 0001106191 · 10% owner

BAY RESOURCE PARTNERS LP · CIK 0000899037 · 10% owner

BAY II RESOURCE PARTNERS LP · CIK 0001161416 · 10% owner

BAY RESOURCE PARTNERS OFFSHORE MASTER FUND, L.P. · CIK 0001733113 · 10% owner

CLAUGUS THOMAS E · CIK 0001075617 · 10% owner

GMT Exploration Co LLC · CIK 0001396794 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 53,466,709

F1 · security: This Form 4 is being jointly filed by Bay Resource Partners, L.P. (Bay), a Delaware limited partnership, Bay II Resource Partners, L.P. (Bay II), a Delaware limited partnership, Bay Resource Partners Offshore Master Fund, L.P. (Bay Offshore), an exempted limited partnership organized under the laws of the Cayman Islands, GMT Exploration Company LLC (GMT Exploration), a Delaware limited liability company, GMT Capital Corp., a Georgia corporation (GMT Capital), and Thomas E. Claugus (Claugus), a United States citizen. The foregoing persons are hereinafter sometimes collectively referred to as the Reporting Persons.

F2 · security: GMT Capital is the general partner of Bay and Bay II and has the power to direct the affairs of Bay and Bay II, including voting and disposition of shares. As the discretionary investment manager of Bay Offshore, GMT Capital has power to direct voting and disposition of shares held by Bay Offshore. Claugus is the President of GMT Capital and in that capacity, directs the operations of each of Bay and Bay II and voting and disposition of shares held by Bay Offshore. GMT Capital is also the non-discretionary manager of GMT Exploration through a separately managed account relationship. In addition, Claugus owns a controlling interest in GMT Exploration. GMT Capital and Claugus may be deemed to beneficially own indirect pecuniary interest as the result of performance-based fees and profit allocations. Each of GMT Capital and Claugus disclaims such beneficial ownership except to the extent ultimately realized.

F3 · security: The aggregate number of shares of common stock sold on February 09, 2021, was 1,249,700 shares, at a price of $0.82 per share, resulting in an aggregate number of shares owned by the Reporting Persons of 53,466,709. Such shares were sold, and thereafter beneficially owned by the Reporting Persons in the following amounts: Bay = 373,200 shares sold resulting in ownership of 15,412,590 shares; Bay II = 299,600 shares sold resulting in ownership of 12,472,630 shares; Offshore Fund = 527,200 shares sold resulting in ownership of 21,851,089 shares; GMT Capital = 0 shares sold resulting in ownership of 147,000 shares; Claugus =49,700 shares sold resulting in ownership of 2,056,500 shares; GMT Exploration = 0 shares sold resulting in ownership of 1,526,900 shares.

SEC source: 0001104659-21-011516 · tm215260-4_4seq1.xml · nonDerivative · entry 1

Trimble Rodger Derrick · CIK 0001678494 · VP, Investor Relations

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 208,516

F1 · kind: These shares were acquired on February 3, 2021 through the Gran Tierra Inc. Employee Stock Purchase Plan in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c).

F2 · price: Purchase price of security was transacted in Canadian currency and converted to U.S. currency.

SEC source: 0001104659-21-011514 · tm215260-3_4seq1.xml · nonDerivative · entry 1

Guidry Gary · CIK 0001642424 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,679,735

F1 · kind: These shares were acquired on February 3, 2021 through the Gran Tierra Inc. Employee Stock Purchase Plan in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c).

F2 · price: Purchase price of security was transacted in Canadian currency and converted to U.S. currency.

SEC source: 0001104659-21-011507 · tm215260-1_4seq1.xml · nonDerivative · entry 1

Ellson Ryan · CIK 0001642213 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 451,040

F1 · kind: These shares were acquired on February 3, 2021 through the Gran Tierra Inc. Employee Stock Purchase Plan in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c).

F2 · price: Purchase price of security was transacted in Canadian currency and converted to U.S. currency.

SEC source: 0001104659-21-011509 · tm215260-2_4seq1.xml · nonDerivative · entry 1

Evans Jim · CIK 0001642276 · VP, Corporate Services

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 290,313

F1 · kind: These shares were acquired on February 3, 2021 through the Gran Tierra Inc. Employee Stock Purchase Plan in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c).

F2 · price: Purchase price of security was transacted in Canadian currency and converted to U.S. currency.

SEC source: 0001106191-21-000009 · primary_doc.xml · nonDerivative · entry 1

GMT CAPITAL CORP · CIK 0001106191 · 10% owner

BAY RESOURCE PARTNERS LP · CIK 0000899037 · 10% owner

BAY II RESOURCE PARTNERS LP · CIK 0001161416 · 10% owner

BAY RESOURCE PARTNERS OFFSHORE MASTER FUND, L.P. · CIK 0001733113 · 10% owner

CLAUGUS THOMAS E · CIK 0001075617 · 10% owner

GMT Exploration Co LLC · CIK 0001396794 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 54,716,409

F1 · security: This Form 4 is being jointly filed by Bay Resource Partners, L.P. (Bay), a Delaware limited partnership, Bay II Resource Partners, L.P. (Bay II), a Delaware limited partnership, Bay Resource Partners Offshore Master Fund, L.P. (Bay Offshore), an exempted limited partnership organized under the laws of the Cayman Islands, GMT Exploration Company LLC (GMT Exploration), a Delaware limited liability company, GMT Capital Corp., a Georgia corporation (GMT Capital), and Thomas E. Claugus (Claugus), a United States citizen. The foregoing persons are hereinafter sometimes collectively referred to as the Reporting Persons.

F2 · security: GMT Capital is the general partner of Bay and Bay II and has the power to direct the affairs of Bay and Bay II, including voting and disposition of shares. As the discretionary investment manager of Bay Offshore, GMT Capital has power to direct voting and disposition of shares held by Bay Offshore. Claugus is the President of GMT Capital and in that capacity, directs the operations of each of Bay and Bay II and voting and disposition of shares held by Bay Offshore. GMT Capital is also the non-discretionary manager of GMT Exploration through a separately managed account relationship. In addition, Claugus owns a controlling interest in GMT Exploration. GMT Capital and Claugus may be deemed to beneficially own indirect pecuniary interest as the result of performance-based fees and profit allocations. Each of GMT Capital and Claugus disclaims such beneficial ownership except to the extent ultimately realized.

F3 · security: The aggregate number of shares of common stock sold on February 02, 2021, was 1,041,400 shares, at a price of $0.64 per share, resulting in an aggregate number of shares owned by the Reporting Persons of 54,716,409. Such shares were sold, and thereafter beneficially owned by the Reporting Persons in the following amounts: Bay = 311,000 shares sold resulting in ownership of 15,785,790 shares; Bay II = 249,600 shares sold resulting in ownership of 12,772,230 shares; Offshore Fund = 439,400 shares sold resulting in ownership of 22,378,289 shares; GMT Capital = 0 shares sold resulting in ownership of 147,000 shares; Claugus =41,400 shares sold resulting in ownership of 2,106,200 shares; GMT Exploration = 0 shares sold resulting in ownership of 1,526,900 shares.

SEC source: 0001106191-21-000008 · primary_doc.xml · nonDerivative · entry 2

GMT CAPITAL CORP · CIK 0001106191 · 10% owner

BAY RESOURCE PARTNERS LP · CIK 0000899037 · 10% owner

BAY II RESOURCE PARTNERS LP · CIK 0001161416 · 10% owner

BAY RESOURCE PARTNERS OFFSHORE MASTER FUND, L.P. · CIK 0001733113 · 10% owner

CLAUGUS THOMAS E · CIK 0001075617 · 10% owner

GMT Exploration Co LLC · CIK 0001396794 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 55,757,809

F1 · security: This Form 4 is being jointly filed by Bay Resource Partners, L.P. (Bay), a Delaware limited partnership, Bay II Resource Partners, L.P. (Bay II), a Delaware limited partnership, Bay Resource Partners Offshore Master Fund, L.P. (Bay Offshore), an exempted limited partnership organized under the laws of the Cayman Islands, GMT Exploration Company LLC (GMT Exploration), a Delaware limited liability company, GMT Capital Corp., a Georgia corporation (GMT Capital), and Thomas E. Claugus (Claugus), a United States citizen. The foregoing persons are hereinafter sometimes collectively referred to as the Reporting Persons.

F2 · security: GMT Capital is the general partner of Bay and Bay II and has the power to direct the affairs of Bay and Bay II, including voting and disposition of shares. As the discretionary investment manager of Bay Offshore, GMT Capital has power to direct voting and disposition of shares held by Bay Offshore. Claugus is the President of GMT Capital and in that capacity, directs the operations of each of Bay and Bay II and voting and disposition of shares held by Bay Offshore. GMT Capital is also the non-discretionary manager of GMT Exploration through a separately managed account relationship. In addition, Claugus owns a controlling interest in GMT Exploration. GMT Capital and Claugus may be deemed to beneficially own indirect pecuniary interest as the result of performance-based fees and profit allocations. Each of GMT Capital and Claugus disclaims such beneficial ownership except to the extent ultimately realized.

F4 · security: The aggregate number of shares of common stock sold on February 01, 2021, was 1,562,100 shares, at a price of $0.49 per share, resulting in an aggregate number of shares owned by the Reporting Persons of 55,757,809. Such shares were sold, and thereafter beneficially owned by the Reporting Persons in the following amounts: Bay =466,500 shares sold resulting in ownership of 16,096,790 shares; Bay II = 374,500 shares sold resulting in ownership of 13,021,830 shares; Offshore Fund = 659,000 shares sold resulting in ownership of 22,817,689 shares; GMT Capital = 0 shares sold resulting in ownership of 147,000 shares; Claugus =62,100 shares sold resulting in ownership of 2,147,600 shares; GMT Exploration = 0 shares sold resulting in ownership of 1,526,900 shares.