Boaz Energy II, LLC - 29 Jan 2024 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
29 Jan 2024
Net transactions value
-$15,200
Form type
4
Filing time
31 Jan 2024, 16:54:58 UTC
Previous filing
23 Jan 2024
Next filing
01 Apr 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRT Trust Units representing Beneficial Interest Sale $15,200 -3,200 -0.07% $4.75 4,884,861 29 Jan 2024 Direct F1, F2, F3
holding PRT Trust Units representing Beneficial Interest 4,400 29 Jan 2024 See Footnote F3
holding PRT Trust Units representing Beneficial Interest 4,400 29 Jan 2024 See Footnote F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on October 25, 2023.
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 $4.76 to $4.75 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 4,888,061 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.