Ortelius Advisors, L.P. - 09 Jun 2021 Form 3 Insider Report for TRECORA RESOURCES

Role: 10%+ Owner
Signature: ORTELIUS ADVISORS, L.P. By: Ortelius Management, LLC, its general partner By: /s/ Peter DeSorcy Name: Peter DeSorcy Title: Managing Member
Issuer symbol: N/A
Transactions as of: 09 Jun 2021
Net transactions value: $0
Form type: 3
Filing time: 11 Jun 2021, 14:03:16 UTC
Next filing: 11 Jun 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	TREC	Common Stock						2,328,024	09 Jun 2021	See footnotes	F1, F3
holding	TREC	Common Stock						163,868	09 Jun 2021	See footnotes	F2, F3

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

Explanation of Responses:

Id	Content
F1	These shares are beneficially owned by Pangaea Ventures, L.P. ("Pangaea").
F2	These shares are beneficially owned by Temnein Ventures III, L.P. ("Temnein").
F3	Ortelius Advisors, L.P. (the "Adviser") is the investment manager of Pangaea and Temnein. Peter DeSorcy is the Managing Member of the general partner of the Adviser, which is the Managing Member of the Adviser, and Mr. DeSorcy has a controlling interest in the Adviser. The Adviser and Mr. DeSorcy disclaim beneficial ownership of any of the shares of common stock owned by Pangaea and Temnein, except to the extent of their pecuniary interest therein.