Nicholas Carter - Jan 15, 2020 Form 4 Insider Report for TRECORA RESOURCES (TREC)

Role: Director
Signature: /s/ Michael W. Silberman, Attorney-in-Fact
Stock symbol: TREC
Transactions as of: Jan 15, 2020
Transactions value $: -$3,900,071
Form type: 4
Date filed: 6/28/2022, 04:22 PM
Next filing: May 14, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TREC	Common stock	Sale	-$35.5K	-5K	-1.21%	$7.10	409K	Jan 15, 2020	Direct	F1, F2
transaction	TREC	Common stock	Gift	$0	-1.93K	-0.47%	$0.00	407K	Mar 19, 2021	Direct
transaction	TREC	Common stock	Gift	$0	-13K	-3.2%	$0.00	394K	Mar 23, 2021	Direct
transaction	TREC	Common stock	Disposition pursuant to a tender of shares in a change of control transaction	-$3.86M	-394K	-100%	$9.81	0	Jun 24, 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	Stock Option (Right to Buy)	Disposed to Issuer	$0	-150K	-100%	$0.00^*	0	Jun 27, 2022	Common stock	150K	$12.26	Direct	F3, F4

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

Nicholas Carter is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	The sale of these 5,000 shares of common stock was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on December 17, 2019.
F2	Reflects an increase of 2,548 shares of common stock reported to be owned by Reporting Person due to a clerical error on a previous Form 4.
F3	Pursuant to the Merger Agreement, this option (which was full vested) was cancelled immediately prior to the Effective Time without any consideration payable therefor.
F4	On May 11, 2022, Trecora Resources (the "Issuer") entered into an Agreement and Plan of Merger with the Balmoral Swan Parent, Inc., a Delaware corporation (the "Parent"), and Balmoral Swan MergerSub, Inc., a Delaware corporation (the "Purchaser") and a wholly owned subsidiary of Parent (the "Merger Agreement"). On June 27, 2022, the Purchaser merged with and into the Issuer pursuant to Section 251(h) of the General Corporation Law of the State of Delaware, with the Issuer being the surviving corporation and becoming a wholly-owned subsidiary of the Parent. All terms capitalized but not defined shall have the meaning given to them in the Merger Agreement.