Bosard Trey T. - 14 Aug 2023 Form 4 Insider Report for ADAMS RESOURCES & ENERGY, INC.

Role: President, Phoenix Oil, Inc.
Signature: /s/ Trey T Bosard
Issuer symbol: N/A
Transactions as of: 14 Aug 2023
Net transactions value: $0
Form type: 4
Filing time: 14 Aug 2023, 17:34:24 UTC
Previous filing: 02 Mar 2023
Next filing: 04 Mar 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AE	Common stock	Options Exercise	$0	+5,086	+848%	$0.000000	5,686	14 Aug 2023	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AE	Restricted stock units	Options Exercise	$0	-5,086	-33%	$0.000000	10,173	14 Aug 2023	Common stock	5,086		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reporting person received a grant of 15,259 restricted stock units of Adams Resources & Energy, Inc. (AE) on August 12, 2022. Each restricted stock unit represents a contingent right to receive one share of AE common stock upon vesting.
F2	The restricted stock units will vest in three equal annual installments beginning on August 12, 2023.