Rafael Pons - Feb 25, 2022 Form 4 Insider Report for TRECORA RESOURCES (TREC)

Role: Chief Manufacturing Officer
Signature: /s/ Christopher Groves as attorney in fact for Rafael Pons
Stock symbol: TREC
Transactions as of: Feb 25, 2022
Transactions value $: -$8,553
Form type: 4
Date filed: 3/1/2022, 03:44 PM
Previous filing: Feb 18, 2022
Next filing: Jun 28, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TREC	Common stock	Options Exercise	$0	+3.2K	+95.73%	$0.00	6.55K	Feb 25, 2022	Direct	F1
transaction	TREC	Common stock	Tax liability	-$8.55K	-961	-14.67%	$8.90	5.59K	Feb 25, 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	-3.2K	-6.65%	$0.00	45K	Feb 25, 2022	Common stock	3.2K		Direct	F1, F2

* 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	Vesting of 1/3 of restricted stock which was granted on 02/25/21 and vests in three equal installments beginning on the first anniversary of the grant date.