Sami Ahmad - Feb 13, 2022 Form 4 Insider Report for TRECORA RESOURCES (TREC)

Role: CFO
Signature: /s/ Christopher Groves as attorney in fact for Sami Ahmad
Stock symbol: TREC
Transactions as of: Feb 13, 2022
Transactions value $: -$21,345
Form type: 4
Date filed: 2/15/2022, 03:43 PM
Next filing: Feb 18, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TREC	Common stock	Options Exercise	$0	+4.86K	+25.74%	$0.00	23.7K	Feb 13, 2022	Direct	F1, F2
transaction	TREC	Common stock	Tax liability	-$12.8K	-1.46K	-6.14%	$8.79	22.3K	Feb 13, 2022	Direct
transaction	TREC	Common stock	Options Exercise	$0	+3.26K	+14.63%	$0.00	25.5K	Feb 15, 2022	Direct	F2, F3
transaction	TREC	Common stock	Tax liability	-$8.54K	-978	-3.83%	$8.73	24.6K	Feb 15, 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	-4.86K	-6.89%	$0.00	65.7K	Feb 13, 2022	Common stock	4.86K		Direct	F1, F2
transaction	TREC	Restricted Stock Units	Options Exercise	$0	-3.26K	-4.96%	$0.00	62.4K	Feb 15, 2022	Common stock	3.26K		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.