X0306 4 2022-03-16 0 0000315131 PHX MINERALS INC. PHX 0001764004 D'Amico Raphael 1601 NW EXPRESSWAY SUITE 1100 OKLAHOMA CITY OK 73118 0 1 0 0 VP - CFO PHX Class A Common 2022-03-16 2022-03-16 4 A 0 119657 0.0167 A 359575 D Amount represents the number of shares of restricted stock granted under the PHX Minerals Inc. 2021 Long-Term Incentive Plan that was approved at the Company's March 2021 Annual Meeting of Stockholders. The shares vest in one installment on the 3rd anniversary date, subject to certain stock price growth restrictions and/or elapsed time. Total number of shares includes restricted shares with vesting based on performance criteria and elapsed time. /s/ Raphael D'Amico 2022-03-29