The following is a summary of RSU activity during the six months ended June 30, 2026:



	Shares of restricted stock unit awards	Weighted-Average Price on Date of Grant
Outstanding at January 1, 2026	1,400,787	$	16.95
Granted	111,000	19.72
Vested	(1,016,999)	15.45
Forfeited	(38,680)	22.63
Outstanding at March 31, 2026	456,108	$	20.51
Granted	156,245	18.46
Vested	(44,738)	21.32
Forfeited	(4,000)	19.72
Outstanding at June 30, 2026	563,615	$	19.88

The following is a summary of PSU activity during the six months ended June 30, 2026:



	Shares of performance stock unit awards (at target)	Weighted-Average Price on Date of Grant
Outstanding at January 1, 2026	193,210	$	22.72
Granted	—	—
Vested	—	—
Forfeited	(102,160)	22.69
Outstanding at March 31, 2026	91,050	$	22.75
Granted	170,771	11.88
Vested	(27,083)	22.78
Forfeited	—	—
Outstanding at June 30, 2026	234,738	$	14.84



Grant date	February 23, 2024	March 5, 2025	May 1, 2026
Forecast period (years)	2.85	2.82	2.67
Risk-free rates	4.4%	3.9%	3.8%
Expected equity volatility	55%	47%	42%
Stock price on grant date	$21.48	$23.88	$18.77
Grant date fair value	$22.02	$23.54	$11.88

The remaining restricted stock units and restricted stock awards are scheduled to be released as common stock as follows:



Year	Restricted stock units	Restricted stock awards	Total
2026	2,065	39,585	41,650
2027	837	54,269	55,106
2028	838	32,988	33,826
2029	114,244	19,793	134,037
2030	2,791	—	2,791
Thereafter	13,949	—	13,949
Total	134,724	146,635	281,359

The components of basic and diluted net income (loss) per share attributable to common stockholders are as follows:



	FOR THE THREE MONTHS ENDED				FOR THE SIX MONTHS ENDED
	JUNE 30,				JUNE 30,
(in thousands except share and per share amounts)	2026		2025		2026		2025
Numerator for earnings per common share:
Net income (loss) attributable to Vitesse Energy, Inc.	$	33,081	$	24,659	$	(9,199)	$	27,327
Allocation of earnings to participating securities(1)	—		(376)		—		—
Net income (loss) attributable to common shareholders	$	33,081	$	24,283	$	(9,199)	$	27,327
Adjustment to allocation of earnings to participating securities related to diluted shares	—		376		—		—
Net income (loss) attributable to common shareholders for diluted EPS	$	33,081	$	24,659	$	(9,199)	$	27,327

Denominator for earnings per common share:
Weighted average common shares outstanding	41,723,856		38,602,875		40,678,560		35,604,506
Weighted average Transitional Share RSUs outstanding with no future service required	317,623		502,087		385,836		502,092
Denominator for basic earnings per common share	42,041,479		39,104,962		41,064,396		36,106,598
LTIP RSUs	572,820		1,461,008		—		1,531,818
LTIP PSUs	12,549		92,929		—		82,710
Transitional Share options	225,804		270,282		—		283,825
Transitional Share RSUs with remaining performance/service obligation	—		38,814		—		38,814
Denominator for diluted earnings per common share	42,852,652		40,967,995		41,064,396		38,043,765

Net income (loss) per common share:
Basic	$	0.79	$	0.62	$	(0.22)	$	0.76
Diluted	$	0.77	$	0.60	$	(0.22)	$	0.72

Shares excluded from diluted earnings per share due to anti-dilutive effect:
LTIP RSUs	—		—		629,035		—
LTIP PSUs	—		—		10,018		—
Transitional Share options	—		—		239,783		—
Transitional Share RSUs with remaining performance/service obligation	—		—		—		—

(1)Certain unvested LTIP RSUs represent participating securities because they participate in nonforfeitable dividends with the common equity holders of the Company. Participating earnings represent the distributed and undistributed earnings of the Company attributable to the participating securities. These unvested LTIP RSUs do not participate in undistributed net losses as they are not contractually obligated to do so. As of January 13, 2026, these RSUs are fully vested.