Boaz Energy II, LLC - 11 Apr 2022 Form 4 Insider Report for PermRock Royalty Trust (PRT)

Role
10%+ Owner
Signature
/s/Boaz Energy II, LLC By: Karan Eves, Chief Operating Officer
Issuer symbol
PRT
Transactions as of
11 Apr 2022
Net transactions value
-$190,677
Form type
4
Filing time
13 Apr 2022, 17:21:36 UTC
Previous filing
07 Feb 2023
Next filing
15 Apr 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRT Trust Units representing Beneficial Interest Sale $40,082 -4,422 -0.08% $9.06 5,873,910 11 Apr 2022 Direct F1, F2, F3
transaction PRT Trust Units representing Beneficial Interest Sale $118,519 -12,959 -0.22% $9.15 5,860,951 12 Apr 2022 Direct F1, F3, F4
transaction PRT Trust Units representing Beneficial Interest Sale $32,076 -3,549 -0.06% $9.04 5,857,402 13 Apr 2022 Direct F1, F3, F5
holding PRT Trust Units representing Beneficial Interest 4,400 11 Apr 2022 See Footnote F3
holding PRT Trust Units representing Beneficial Interest 4,400 11 Apr 2022 See Footnote F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
F2 The price reported in Column 4 is a weighted average price. The Trust Units representing Beneficial Interests in the Issuer ("Trust Units") were sold in multiple transactions at prices ranging from $9.01 to $9.20 inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of Trust Units sold at each separate price within the range set forth in this footnote.
F3 This form is filed jointly by each of the reporting persons. Boaz Energy II, LLC ("Boaz Energy") directly owns 5,860,951 Trust Units. Karan Eves and Marshall Eves are husband and wife. Each of Karan Eves and Marshall Eves directly owns 4,400 Trust Units and 34.24% of the limited liability company interests in, and serves as a manager of, Boaz Energy, and may be deemed to indirectly beneficially own the Trust Units held directly by Boaz Energy.
F4 The price reported in Column 4 is a weighted average price. The Trust Units were sold in multiple transactions at prices ranging from $9.05 to $9.27 inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of Trust Units sold at each separate price within the range set forth in this footnote.
F5 The price reported in Column 4 is a weighted average price. The Trust Units were sold in multiple transactions at prices ranging from $9.00 to $9.175 inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of Trust Units sold at each separate price within the range set forth in this footnote.