Patrick D. Quarles - 13 Feb 2022 Form 4 Insider Report for TRECORA RESOURCES

Role: President and CEO, Director
Signature: /s/ Christopher Groves as attorney in fact for Patrick D. Quarles
Issuer symbol: N/A
Transactions as of: 13 Feb 2022
Net transactions value: -$106,933
Form type: 4
Filing time: 15 Feb 2022, 15:43:03 UTC
Previous filing: 06 Dec 2021
Next filing: 18 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TREC	Common stock	Options Exercise	$0	+20,769	+7.7%	$0.000000	291,583	13 Feb 2022	Direct	F1, F2
transaction	TREC	Common stock	Tax liability	$63,895	-7,269	-2.5%	$8.79	284,314	13 Feb 2022	Direct
transaction	TREC	Common stock	Options Exercise	$0	+14,085	+5%	$0.000000	298,399	15 Feb 2022	Direct	F2, F3
transaction	TREC	Common stock	Tax liability	$43,039	-4,930	-1.7%	$8.73	293,469	15 Feb 2022	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	TREC	Restricted Stock Units	Options Exercise	$0	-20,769	-7.2%	$0.000000	268,071	13 Feb 2022	Common stock	20,769		Direct	F1, F2
transaction	TREC	Restricted Stock Units	Options Exercise	$0	-14,085	-5.3%	$0.000000	253,986	15 Feb 2022	Common stock	14,085		Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	Vesting of 1/3 of restricted stock which was granted on 02/13/20 and vests in three equal installments beginning on the first anniversary of the grant date.
F2	Granted as officer compensation. Converts into common stock on a one-for-one basis.
F3	Vesting of 1/3 of restricted stock which was granted on 02/15/19 and vests in three equal installments beginning on the first anniversary of the grant date.