DAVID C. PARKE - 03 Jun 2021 Form 4 Insider Report for PDC ENERGY, INC.

Role: Director
Signature: /s/ Nicole L. Martinet, by power of attorney
Issuer symbol: N/A
Transactions as of: 03 Jun 2021
Net transactions value: -$138,990
Form type: 4
Filing time: 07 Jun 2021, 19:14:24 UTC
Next filing: 12 Nov 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PDCE	Common Stock	Options Exercise		+6,029	+22%		33,876	03 Jun 2021	Direct	F1
transaction	PDCE	Common Stock	Disposed to Issuer	$138,990	-3,000	-8.9%	$46.33	30,876	03 Jun 2021	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	PDCE	Phantom Stock	Options Exercise		-6,029	-100%		0	03 Jun 2021	Common Stock	6,029		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Each share of phantom stock was the economic equivalent of one share of PDCE common stock. The reporting person settled 3,000 shares of phantom stock for cash and 3,029 shares for PDCE common stock.
F2	Shares are being settled in connection with the liquidation of assets of the PDC Energy, Inc. Amended and Restated Non-Employee Director Deferred Compensation Plan.