Matthew D. Preston - 25 Jul 2025 Form 4 Insider Report for Intrepid Potash, Inc. (IPI)

Role: CFO
Signature: /s/ Matthew D. Preston
Issuer symbol: IPI
Transactions as of: 25 Jul 2025
Net transactions value: -$5,635
Form type: 4
Filing time: 29 Jul 2025, 18:59:59 UTC
Previous filing: 06 May 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Preston Matthew D	CFO	C/O INTREPID POTASH, INC., 707 17TH STREET, SUITE 4200, DENVER	/s/ Matthew D. Preston	29 Jul 2025	0001791587

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IPI	Common Stock	Options Exercise	$0	+424	+0.71%	$0.000000	60,133	25 Jul 2025	Direct	F1
transaction	IPI	Common Stock	Tax liability	$5,635	-157	-0.26%	$35.89	59,976	25 Jul 2025	Direct	F2

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	IPI	Performance Restricted Stock Unit	Options Exercise	$0	-424	-12%	$0.000000	2,973	25 Jul 2025	Common Stock	424	$0.000000	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Represents shares earned upon achievement of certain levels of absolute total stockholder return (aTSR) under Performance Restricted Stock Units ("PSUs") originally granted on March 17, 2025. See footnote 3 below.
F2	Represents shares withheld by the issuer to cover the tax witholding obligations upon vesting of PSUs.
F3	Each PSU represents the contingent right to receive one share of the issuer's common stock upon the applicable vesting conditions. The PSUs are earned based on certain levels of absolute total stockholder return (aTSR) on or prior to March 17, 2029. Earned PSU's are subject to additional time-vesting, with one-half of the earned PSUs vesting immediately and the remaining one-half vesting on the one-year anniversary of the date the PSU aTSR threshold was achieved. The PSUs are reported at the maximum level of aTSR achievement.