X0306 4 2018-11-01 0 0001698990 Magnolia Oil & Gas Corp MGY 0001757696 Millican Steve C/O MAGNOLIA OIL & GAS CORPORATION 1001 FANNIN STREET, SUITE 400 HOUSTON TX 77002 0 1 0 0 SVP- Operations Class A Common Stock 2018-11-01 4 A 0 137500 0.00 A 137500 D Represents restricted stock units ("RSUs") granted under the Magnolia Oil & Gas Corporation Long Term Incentive Plan. Each RSU represents a contingent right to receive one share of Class A common stock of Magnolia Oil & Gas Corporation (the "Company"). On November 1, 2018 the Company granted Mr. Millican an award of 55,000 RSUs (the "First Award") and an award of 82,500 RSUs (the "Second Award"). One-third of the RSUs subject to the First Award will vest on the first three anniversaries of the date of grant and the RSUs subject to the Second Award will vest in full on the third anniversary of the date of grant, in each case, subject to Mr. Millican's continued employment through each such vesting date. Timothy D. Yang is signing on behalf of Steve Millican pursuant to the Power of Attorney dated October 29, 2018, which was previously filed with the Securities and Exchange Commission. /s/ Timothy D. Yang 2018-11-02