Robert P. Jornayvaz III - Mar 31, 2022 Form 4 Insider Report for Intrepid Potash, Inc. (IPI)

Role: Executive Chairman & CEO, Director, 10%+ Owner
Signature: /s/ Matthew D. Preston, as attorney-in-fact
Stock symbol: IPI
Transactions as of: Mar 31, 2022
Transactions value $: $0
Form type: 4
Date filed: 4/4/2022, 04:39 PM
Previous filing: Mar 21, 2022
Next filing: Apr 14, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IPI	Common Stock	Award	$0	+31.5K	+6.92%	$0.00	487K	Mar 31, 2022	Direct	F1
transaction	IPI	Common Stock	Tax liability	$0	-17.4K	-3.57%	$0.00	469K	Mar 31, 2022	Direct
holding	IPI	Common Stock						1.72M	Mar 31, 2022	By Intrepid Production Corporation	F2

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

Explanation of Responses:

Id	Content
F1	The shares were issued pursuant to an award of performance-based restricted stock (PSAs) that was granted on June 8, 2020, which achieved the maximum amount of target on March 31, 2022, in accordance with Exhibit 99 hereto (shown on a pre-1-for-10-stock split basis). The PSAs were previously reported (on a pre-1-for-10-stock split basis) in a Form 4 filed on June 10, 2020 (the Prior Form 4). The amount reported in Table I of the Prior Form 4 reflected the shares that could be issued under the PSAs at the target award level (on a pre-1-for-10-stock split basis). The amount reported in this Form 4 represents the difference between the shares earned by the reporting person at the maximum award level (as disclosed (on a pre-1-for-10-stock split basis) in Exhibit 99 to the Prior Form 4 and (on a pre-1-for-10-stock split basis) in Exhibit 99 to this Form 4) and the target shares that were reported in Table I of the Prior Form 4 (on a pre-1-for-10-stock split basis).
F2	Mr. Jornayvaz is the sole stockholder, sole director, and President of Intrepid Production Corporation.

Content

The shares were issued pursuant to an award of performance-based restricted stock (PSAs) that was granted on June 8, 2020, which achieved the maximum amount of target on March 31, 2022, in accordance with Exhibit 99 hereto (shown on a pre-1-for-10-stock split basis). The PSAs were previously reported (on a pre-1-for-10-stock split basis) in a Form 4 filed on June 10, 2020 (the Prior Form 4). The amount reported in Table I of the Prior Form 4 reflected the shares that could be issued under the PSAs at the target award level (on a pre-1-for-10-stock split basis). The amount reported in this Form 4 represents the difference between the shares earned by the reporting person at the maximum award level (as disclosed (on a pre-1-for-10-stock split basis) in Exhibit 99 to the Prior Form 4 and (on a pre-1-for-10-stock split basis) in Exhibit 99 to this Form 4) and the target shares that were reported in Table I of the Prior Form 4 (on a pre-1-for-10-stock split basis).

Mr. Jornayvaz is the sole stockholder, sole director, and President of Intrepid Production Corporation.