Stabilis Solutions (SLNG) Form 4 Stabilis Solutions / Westervelt T. Ballard JR ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Ballard Westervelt T. JR

(Last) (First) (Middle)

11750 KATY FREEWAY

SUITE 900

(Street)

HOUSTON TX 77079

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Stabilis Solutions, Inc. [ SLNG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
01/31/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock(1)	01/31/2025		M		7,765	A	(2)	416,042	D
Common Stock	01/31/2025		F		2,302	D	(3)	413,740	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(2)	01/31/2025		M			7,765	(4)	(5)	Common Stock	7,765	$0	0	D
Stock Options	$10	01/31/2025		D(6)			1,300,000	(6)	04/30/2025	Common Stock	1,300,000	(6)	0	D
Stock Options	$10	01/31/2025		A(6)		1,300,000		(6)	12/31/2025	Common Stock	1,300,000	(6)	1,300,000	D
Stock Options	$6	01/31/2025		D(7)			442,574	(7)	01/31/2026	Common Stock	442,574	(7)	0	D
Stock Options	$6	01/31/2025		A(7)		442,574		(7)	12/31/2025	Common Stock	442,574	(7)	442,574	D

Explanation of Responses:

1. RSU Vesting - See additional details in footnotes 2-5.

2. The Restricted Stock Units ("RSUs") were awarded to the reporting person pursuant to the Amended and Restated Stabilis Solutions, Inc. 2019 Long Term Incentive Plan (the "Plan"). Each RSU represents the right to receive upon vesting, one share of Stabilis Solutions, Inc. Common Stock.

3. Value of the shares based on the closing price of the stock on the vesting date of $7.60.

4. RSUs vested on January 31, 2025.

5. Unless earlier forfeited under the terms and conditions of the award agreement, the RSUs expire immediately following vesting.

6. The two reported transactions involved an amendment of an outstanding option to extend the expiration date, which may be deemed a cancellation of the original option and grant of a new option. As amended, the option expires on December 31, 2025.

7. The two reported transactions involved an amendment of an outstanding option to accelerate the expiration date, which may be deemed a cancellation of the original option and grant of a new option. As amended, the option expires on December 31, 2025.

	/s/ Andrew L. Puhala	02/04/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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