Matthew T. Moroun - May 9, 2024 Form 4 Insider Report for PAM TRANSPORTATION SERVICES INC (PTSI)

Role
Director, 10%+ Owner
Signature
/s/ Courtney C. Crouch, III as Attorney-in-fact for Matthew T. Moroun
Stock symbol
PTSI
Transactions as of
May 9, 2024
Transactions value $
$14,995
Form type
4
Date filed
7/31/2024, 06:14 PM
Previous filing
May 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PTSI Common Stock Award $15K +852 +30.96% $17.60 3.6K May 9, 2024 By Son F1, F2
transaction PTSI Common Stock Sale -$72.7M -4M -100% $18.18 0 Jul 29, 2024 Direct F3
transaction PTSI Common Stock Sale -$1.34M -73.7K -100% $18.18 0 Jul 29, 2024 By Manuel J. Moroun Trust F4
transaction PTSI Common Stock Purchase $74.1M +4.07M +64.11% $18.18 10.4M Jul 29, 2024 By Lindsay S. Moroun Trust F3, F4
holding PTSI Common Stock 5.27M May 9, 2024 By Moroun Grantor Trust F3
holding PTSI Common Stock 306K May 9, 2024 By 2020 Agnes Moroun Trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Award of common stock as part of annual retainer for non-employee directors.
F2 The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such shares.
F3 On July 29, 2024, the reporting person sold 4,000,000 shares of the Issuer's common stock, individually, to the 2020 Lindsay Moroun Trust in a privately negotiated transaction. These 4,000,000 shares were previously distributed to the reporting person by the Moroun Grantor Trust and were reported as indirectly beneficially owned by the Moroun Grantor Trust in the reporting person's prior reports. The reporting person serves as trustee of the 2020 Lindsay Moroun Trust and the Moroun Grantor Trust.
F4 On July 29, 2024, the Manuel J. Moroun Trust sold 73,700 shares of Common Stock of the Issuer to the 2020 Lindsay Moroun Trust in a privately negotiated transaction. The reporting person serves as trustee of the Manuel J. Moroun Trust and the 2020 Lindsay Moroun Trust. These shares were inadvertently omitted from the reporting person's prior reports following his appointment as trustee of the Manuel J. Moroun Trust.