EnCap Energy Capital Fund VIII, L.P.'s Form 4 filing
Permian Resources Corp (PR) · filed Mar 8, 2024
- Accession no.
- 0000950170-24-028622
- Filed
- Mar 8, 2024, 4:05 PM ET
- Trade date
- Mar 6, 2024
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not checked
This filing lists 3 non-derivative transactions and 1 derivative transaction. Open-market sales total $141.4M. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| EnCap Energy Capital Fund VIII, L.P.CIK 0001504103 | 10% Owner |
| EnCap Energy Capital Fund IX, L.P.CIK 0001565683 | 10% Owner |
| EnCap Energy Capital Fund XI, L.P.CIK 0001693946 | 10% Owner |
| Bold Energy Holdings, LLCCIK 0001707241 | 10% Owner |
| EnCap Partners GP, LLCCIK 0001726182 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Mar 6, 2024 | Class C Common Stock | DReturned to the companyDisposed | −5,449,577 | $0.00F1 | $0 | 39,105,695 | Indirect | |
| Mar 6, 2024 | Class A Common Stock | CConversionAcquired | +5,449,577 | $0.00F1 | $0 | 34,477,527 | Indirect | |
| Mar 6, 2024 | Class A Common Stock | SSaleDisposed | −9,000,000 | $15.71F2 | −$141,390,000 | 25,477,527 | Indirect |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Mar 6, 2024 | Class A Common Stock | CConversionDisposed | −5,449,577 | –F1 | – | 39,105,695 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
At the request of the reporting persons, each common unit of Permian Resources Operating, LLC ("OpCo") (such common units, "OpCo Units") and a corresponding share of Class C Common Stock, par value $0.0001 per share ("Class C Common Stock"), of Permian Resources Corporation ("Permian" or the "Issuer") may be redeemed for newly-issued shares of Class A Common Stock, par value $0.0001 per share ("Class A Common Stock"), of the Issuer on a one-for-one basis. The OpCo Units do not expire.
Referenced by the price of 2 transactions in Table I and 1 transaction in Table II.
- F2
This amount represents the $15.71 price per share of Class A Common Stock sold by Bold Energy Holdings, LLC ("Bold"), EnCap Energy Capital Fund VIII, L.P. ("Fund VIII") and EnCap Energy Capital Fund XI, L.P. ("Fund XI") in connection with an underwritten public offering (the "Offering").
Referenced by the price of 1 transaction in Table I.