X0306 4 2018-02-28 0 0000010254 EARTHSTONE ENERGY INC ESTE 0001397146 Anderson Robert John 1400 WOODLOCH FOREST DRIVE SUITE 300 THE WOODLANDS TX 77380 0 1 0 0 EVP Class A Common Stock 2018-02-28 4 A 0 47500 A 224710 D This restricted stock unit award is time vested and will vest on an equal quarterly basis over a three year period beginning June 30, 2018, subject to the terms of the restricted stock unit agreement. Each restricted stock unit represents the contingent right to receive one share of Class A common stock of the Issuer. /s/ Robert J. Anderson 2018-03-02