John Bell - Mar 6, 2024 Form 4 Insider Report for Permian Resources Corp (PR)

Signature
/s/ Chad W. MacDonald, Attorney-in-fact
Stock symbol
PR
Transactions as of
Mar 6, 2024
Transactions value $
-$7,855,000
Form type
4
Date filed
3/8/2024, 06:23 PM
Previous filing
Dec 19, 2023
Next filing
Mar 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PR Class A Common Stock Conversion of derivative security $0 +500K +934.28% $0.00 554K Mar 6, 2024 Direct F1
transaction PR Class A Common Stock Sale -$7.86M -500K -90.33% $15.71 53.5K Mar 6, 2024 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 PR Common Units Conversion of derivative security -500K -26.98% 1.35M Mar 6, 2024 Class A Common Stock 500K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 At the request of the reporting person, each Common Unit of Permian Resources Operating, LLC and a corresponding share of Class C common stock of the Issuer may be redeemed for newly-issued shares of Class A common stock of the Issuer on a one-for-one basis. The Common Units do not expire.
F2 These shares were sold pursuant to an underwriting agreement, dated March 4, 2024, among the Issuer, the selling stockholders and the underwriter named therein. The shares were sold at a public offering price of $15.76 per share, and the Reporting Person paid an underwriting discount and commission of $0.05 per share, resulting in a net price of $15.71 per share.