James H. Walter - 06 Mar 2024 Form 4 Insider Report for Permian Resources Corp (PR)

Role
Co-Chief Executive Officer, Director
Signature
/s/ Chad W. MacDonald, Attorney-in-fact
Issuer symbol
PR
Transactions as of
06 Mar 2024
Net transactions value
-$62,840,000
Form type
4
Filing time
08 Mar 2024, 18:24:51 UTC
Previous filing
19 Dec 2023
Next filing
05 Jan 2026
SEC
View on sec.gov

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 +4,000,000 $0.000000 4,000,000 06 Mar 2024 Direct F1
transaction PR Class A Common Stock Sale $62,840,000 -4,000,000 -100% $15.71 0 06 Mar 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 -4,000,000 -31% 9,052,692 06 Mar 2024 Class A Common Stock 4,000,000 Direct F1
holding PR Common Units 2,989,989 06 Mar 2024 Class A Common Stock 2,989,989 By Investment Partnership F1, F3
* 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.
F3 2,989,989 Common Units, along with an equal number of corresponding shares of Class C common stock, are held directly by Bedford Family Partners, L.P., an investment partnership controlled by the reporting person.