Pbra, Llc - Jun 21, 2022 Form 4 Insider Report for Brigham Minerals, Inc. (MNRL)

Role
Director
Signature
PBRA, LLC, By: /s/ Richard Aube, President
Stock symbol
MNRL
Transactions as of
Jun 21, 2022
Transactions value $
-$2,747,391
Form type
4
Date filed
6/23/2022, 06:21 PM
Previous filing
Jun 16, 2022
Next filing
Jun 27, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MNRL Class A Common Stock, par value $0.01 Sale -$566K -20.1K -100% $28.15 0 Jun 21, 2022 By Pine Brook BXP Intermediate, L.P. F1, F2, F3
transaction MNRL Class A Common Stock, par value $0.01 Sale -$952K -33.8K -100% $28.15 0 Jun 21, 2022 By Pine Brook BXP II Intermediate, L.P. F1, F2, F3
transaction MNRL Class A Common Stock, par value $0.01 Sale -$153K -5.44K -100% $28.15 0 Jun 21, 2022 By Pine Brook PD Intermediate, L.P. F1, F2, F3
transaction MNRL Class A Common Stock, par value $0.01 Sale -$360K -13.5K -100% $26.57 0 Jun 22, 2022 By Pine Brook BXP Intermediate, L.P. F1, F2, F4
transaction MNRL Class A Common Stock, par value $0.01 Sale -$605K -22.8K -100% $26.57 0 Jun 22, 2022 By Pine Brook BXP II Intermediate, L.P. F1, F2, F4
transaction MNRL Class A Common Stock, par value $0.01 Sale -$97.3K -3.66K -100% $26.57 0 Jun 22, 2022 By Pine Brook PD Intermediate, L.P. F1, F2, F4
transaction MNRL Class A Common Stock, par value $0.01 Sale -$4.58K -169 -100% $27.11 0 Jun 22, 2022 By Pine Brook BXP Intermediate, L.P. F1, F2, F5
transaction MNRL Class A Common Stock, par value $0.01 Sale -$7.73K -285 -100% $27.11 0 Jun 22, 2022 By Pine Brook BXP II Intermediate, L.P. F1, F2, F5
transaction MNRL Class A Common Stock, par value $0.01 Sale -$1.25K -46 -100% $27.11 0 Jun 22, 2022 By Pine Brook PD Intermediate, L.P. F1, F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 PBRA, LLC may be deemed to share beneficial ownership of the shares of Class A common stock of Pine Brook PD Intermediate, L.P., Pine Brook BXP Intermediate, L.P. or Pine Brook BXP II Intermediate, L.P. as each of their general partner. Howard Newman is the managing member of PBRA, LLC and may also be deemed to share beneficial ownership of such securities. Each of PBRA, LLC, Pine Brook Capital Partners II, L.P., Pine Brook Road Associates II, L.P., Pine Brook PD Intermediate, L.P., Pine Brook BXP Intermediate, L.P., Pine Brook BXP II Intermediate, L.P. and Pine Brook Road Advisors, L.P. is a director-by-deputization solely for purposes of Section 16 of the Securities and Exchange Act of 1934.
F2 The broker of the holder of these securities sold such shares subject to a future redemption of the underlying common units of Brigham Minerals Holdings, LLC and cancellation of an equal amount of shares of Class B common stock of Brigham Minerals, Inc. (the "Issuer"). The Reporting Persons disclaim beneficial ownership of these securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Persons are the beneficial owners of the securities for Section 16 or any other purpose.
F3 The price reported in Column 4 is a volume weighted average market price. These shares were sold in multiple transactions at prices ranging from $27.80 to $28.38, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F4 The price reported in Column 4 is a volume weighted average market price. These shares were sold in multiple transactions at prices ranging from $26.06 to $27.035, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F5 The price reported in Column 4 is a volume weighted average market price. These shares were sold in multiple transactions at prices ranging from $27.10 to $27.11, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.