Patrick D. Quarles - Dec 3, 2021 Form 4 Insider Report for TRECORA RESOURCES (TREC)

Role: President and CEO, Director
Signature: /s/ Christopher Groves as attorney in fact for Patrick D. Quarles
Stock symbol: TREC
Transactions as of: Dec 3, 2021
Transactions value $: -$238,325
Form type: 4
Date filed: 12/6/2021, 03:44 PM
Next filing: Feb 15, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TREC	Common stock	Options Exercise		+25K	+9.87%		278K	Dec 3, 2021	Direct	F1
transaction	TREC	Common stock	Tax liability	-$63.1K	-7.5K	-2.69%	$8.41	271K	Dec 3, 2021	Direct	F2

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	TREC	Restricted Stock Units	Options Exercise	-$175K	-25K	-7.97%	$7.01	289K	Dec 3, 2021	Common stock	25K		Direct	F1, F3

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

Explanation of Responses:

Id	Content
F1	Granted as officer compensation. Converts into common stock on a one-for-one basis.
F2	Withheld for tax liability.
F3	Vesting of 1/3 of restricted stock which was granted on 12/03/18 and vests in three equal installments beginning on the first anniversary of the grant date.