Sec Form 4 Filing - BEAL FINANCIAL CORP @ U.S. WELL SERVICES, INC. - 2021-05-12

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person BEAL FINANCIAL CORP 2. Issuer Name and Ticker or Trading Symbol U.S. WELL SERVICES, INC. [ USWS] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 6000 LEGACY DRIVE 3. Date of Earliest Transaction (MM/DD/YY) 05/12/2021 (Street) PLANO, TX75024 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Class A Common Stock 05/12/2021 J 3,760,143 ( 1 ) A ( 1 ) 3,760,143 ( 1 ) I ( 2 ) See Footnote ( 2 ) Class A Common Stock 05/12/2021 J 1,769,479 ( 1 ) A ( 1 ) 1,769,479 ( 1 ) I ( 2 ) See Footnote ( 2 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other BEAL FINANCIAL CORP 6000 LEGACY DRIVE PLANO, TX75024 X Beal Daniel Andrew 6000 LEGACY DRIVE PLANO, TX75024 X Signatures /s/ Jacob Cherner, as Authorized Signatory of Beal Financial Corporation 05/12/2020 Signature of Reporting Person Date /s/ Jacob Cherner, for D. Andrew Beal pursuant to a Power of Attorney granted on May 27, 2020 05/12/2020 Signature of Reporting Person Date

Explanation of Responses:

( 1 )This Form 4 is jointly filed by Beal Financial Corporation ("BFC") and D. Andrew Beal (each a "Reporting Person" and together, the "Reporting Persons"). LNV Corporation ("LNV"), a direct wholly-owned subsidiary of Beal Bank USA, which is a direct wholly-owned subsidiary of BFC, transferred 3,760,143 shares of Class A Common Stock of U.S. Well Services, Inc. (the "Issuer," and such stock, "Class A Common Stock") to CXA-10 Corporation dba CSG Investment Finance, Inc. ("CXA") at a transfer price equal to $0.74 per share of Class A Common Stock. LPP Mortgage, Inc. ("LPP"), a direct wholly-owned subsidiary of Beal Bank, SSB, which is a direct wholly-owned subsidiary of BFC, transferred 1,769,479 shares of Class A Common Stock to CXA at a transfer price equal to $0.74 per share of Class A Common Stock. CXA is a direct wholly-owned subsidiary of LNV. ( 2 )D. Andrew Beal controls BFC through ownership of 100% of the common stock of BFC. Therefore, each of D. Andrew Beal and BFC may be deemed to have indirect beneficial ownership of the securities of the Issuer directly held by CXA. Each Reporting Person disclaims beneficial ownership of the securities of the Issuer reported herein except to the extent of such Reporting Person's respective pecuniary interest therein.

Remarks: Power of Attorney is attached here to as Exhibit 24.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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