Boaz Energy II, LLC - 04 Apr 2023 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
04 Apr 2023
Net transactions value
-$32,209
Form type
4
Filing time
06 Apr 2023, 16:19:57 UTC
Previous filing
03 Apr 2023
Next filing
13 Jul 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRT Trust Units representing Beneficial Interest Sale $8,889 -1,300 -0.03% $6.84 5,174,432 04 Apr 2023 Direct F1, F2, F5
transaction PRT Trust Units representing Beneficial Interest Sale $13,044 -1,900 -0.04% $6.87 5,172,532 05 Apr 2023 Direct F1, F3, F5
transaction PRT Trust Units representing Beneficial Interest Sale $10,276 -1,500 -0.03% $6.85 5,171,032 06 Apr 2023 Direct F1, F4, F5
holding PRT Trust Units representing Beneficial Interest 4,400 04 Apr 2023 See Footnote F5
holding PRT Trust Units representing Beneficial Interest 4,400 04 Apr 2023 See Footnote F5
* 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 $6.96 to $6.76 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 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 $6.91 to $6.79 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.
F4 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 $6.97 to $6.77 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 This form is filed jointly by each of the reporting persons. Boaz Energy II, LLC ("Boaz Energy") directly owns 5,175,732 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 38.94% 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.