Home > Insider Trading > Filing (0001104659-24-062507)

Filing Details

Accession Number:: 0001104659-24-062507
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-05-16 16:05:22
Reporting Period:: 2024-05-15

Accepted Time:: 2024-05-16 16:05:22
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1658566	Permian Resources Corp	PR	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1377293	J William Quinn	C/O Pearl Energy Investments 2100 Mckinney Ave., Suite 1675 Dallas TX 75201		Yes	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class C Common Stock	Disposition	2024-05-15	22,500,000	$0.00	48,556,620	No	4	D	Indirect	See footnote
Class A Common Stock	Acquisiton	2024-05-15	22,500,000	$0.00	22,500,000	No	4	C	Indirect	See footnote
Class A Common Stock	Disposition	2024-05-15	22,500,000	$16.47	0	No	4	S	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	D	Indirect	See footnote
No	4	C	Indirect	See footnote
No	4	S	Indirect	See footnote

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Common Units	Disposition	2024-05-15	22,500,000	$0.00	22,500,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
48,556,620			No	4	C	Indirect

Footnotes

Pursuant to the Seventh Amended and Restated Limited Liability Company Agreement of Permian Resources Operating, LLC ("PRC"), at the request of theholder, 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 notrepresent economic interests in the Issuer.
On May 15, 2024, Pearl Energy Investments AIV, L.P. ("Pearl AIV") exchanged 16,122,492 Common Units, Pearl Energy Investment GP, L.P. ("Pearl I GP, LP") exchanged 1,125,338 Common Units and Pearl CIII Holdings, L.P. ("Pearl CIII") exchanged 5,252,170 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.
On May 15, 2024, Pearl AIV, Pearl I GP, LP and Pearl CIII sold an aggregate amount of 22,500,000 shares of Class A Common Stock of the Issuer in an underwritten public offering.
This amount represents a price to the underwriters of $16.42 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.
The reported amount gives effect to the transactions reported herein and corrects the number previously reported on the Form 4 filed by the Reporting Person on March 6, 2024.
The Common Units reported herein are held directly by Pearl AIV, Pearl I GP, LP and Pearl CIII. Pearl AIV is controlled by Pearl I GP, LP, its general partner. Pearl I GP, LP is controlled by Pearl Energy Investment UGP, LLC ("Pearl UGP"). Pearl CIII is controlled by Pearl Energy Investment II GP, L.P. ("Pearl II GP, LP"), its general partner. Pearl II GP, LP is controlled by Pearl Energy Investment II UGP, LLC ("Pearl II UGP," and together with all of the foregoing entities, the "Pearl Entities"). Pearl UGP and Pearl II UGP are controlled by the Reporting Person.
The Reporting Person and each of the Pearl Entities disclaim beneficial ownership except to the extent of their pecuniary interest therein, and the filing of this Form 4 shall not be construed as an admission of beneficial ownership of any or all of the reported securities for the purposes of Section 16 or for any other purpose.