X0306 4 2022-04-13 0001108967 Orbital Energy Group, Inc. OEG 0001340231 CLOUGH WILLIAM J 1924 ALDINE WESTERN HOUSTON TX 77038 1 1 Exec Chairman and Gen Counsel Common Stock 2022-04-13 4 A 0 278867 A 598347 D Restricted Stock Units 2022-04-13 4 A 0 397510 2.05 A Common Stock 397510 397510 D SARs 1 2022-04-13 4 D 0 450000 1.62 D Common Stock 0 D SARs 2.89 2022-04-13 4 D 0 900000 0.88 D Common Stock 0 D RSUs were granted in connection with cancellation of previously issued cash-settled SARS. Of the RSUs granted, 457,224 were fully vested and the remaining 397,510 will vest in equal installments on the first and second anniversaries of the date of issuance. RSUs are convertible to common shares on a one-to-one basis. RSUs do not have expiration dates. Fully vested RSUs, which were immediately convertible to common stock, were issued in connection with the cancellation of previously issued cash-settled SARs. 457,224 shares were granted and 178,357 were withheld for payroll taxes. 450,000 SARs were exchanged for 355,861 RSUs, of which 323,109 were fully vested and immediately convertible into common stock and 32,752 will vest in equal installments on the first and second anniversaries of the date of issuance. 900,000 SARs were exchanged for 498,873 RSUs, of which 134,115 were fully vested and immediately convertible into common stock and 364,758 will vest in equal installments on the first and second anniversaries of the date of issuance. /s/ William F. Clough 2022-04-18