Quinn William J's Form 4 filing
Permian Resources Corp (PR) · filed Mar 6, 2024
- Accession no.
- 0001104659-24-031590
- Filed
- Mar 6, 2024
- Trade date
- Mar 4, 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 $284.0M. 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 |
|---|---|
| Quinn William JCIK 0001377293 | Director, 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 4, 2024 | Class A Common Stock | CConversionDisposed | −18,076,849 | –F1,F2 | – | 18,076,849 | Indirect | |
| Mar 4, 2024 | Class C Common Stock | DReturned to the companyDisposed | −18,076,849 | –F1,F2 | – | 71,056,620 | Indirect | |
| Mar 4, 2024 | Class A Common Stock | SSaleDisposed | −18,076,849 | $15.71F4 | −$283,987,297.79 | 71,056,620 | 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.
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
Pursuant to the Seventh Amended and Restated Limited Liability Company Agreement of Permian Resources Operating, LLC ("PRC"), at the request of the holder, each Common Units of PRC (together with the delivery for no consideration of an equal number of shares of Class C common stock, par value $0.0001 per share ("Class C common stock") of the Issuer) may be redeemed, at PRC's election, for an equal number of newly-issued shares of Class A common stock, par value $0.0001 per share ("Class A common stock"), of the Issuer or for cash. The Common Units do not expire. Shares of Class C Common Stock do not represent economic interests in the Issuer.
Referenced by the price of 2 transactions in Table I and 1 transaction in Table II.
- F2
On March 4, 2024, Pearl Energy Investments AIV, L.P. ("Pearl AIV") exchanged 10,531,493 Common Units, Pearl Energy Investment GP, L.P. ("Pearl GP") exchanged 3,434,523 Common Units and Pearl CIII Holdings, L.P. ("Pearl CIII") exchanged 4,110,833 Common Units (each together with the delivery for no consideration of an equal number of shares of Class C common stock) for shares of Class A common stock.
Referenced by the price of 2 transactions in Table I and 1 transaction in Table II.
- F4
This amount represents a price to the underwriter of $15.71 per share of Class A Common Stock. The underwriter may offer the shares of Class A Common Stock from time to time in one or more transactions on the NYSE, in the over-the-counter market or through negotiated transactions at market prices or at negotiated prices.
Referenced by the price of 1 transaction in Table I.