Permianville Holdings Llc - Jul 31, 2023 Form 4 Insider Report for Permianville Royalty Trust (PVL)

Role: 10%+ Owner
Signature: Permianville Holdings LLC, By: /s/ Matthew Rymer, Name: Matthew Rymer, Title: Authorized Signatory
Stock symbol: PVL
Transactions as of: Jul 31, 2023
Transactions value $: -$36,589
Form type: 4
Date filed: 8/2/2023, 05:18 PM
Previous filing: Jul 28, 2023
Next filing: Aug 8, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PVL	Trust Units representing Beneficial Interest	Sale	-$15K	-5.06K	-0.07%	$2.97	7.4M	Jul 31, 2023	Direct	F1
transaction	PVL	Trust Units representing Beneficial Interest	Sale	-$21.6K	-7.26K	-0.1%	$2.97	7.39M	Aug 1, 2023	Direct	F2

* 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 reported price is a volume weighted average price ("VWAP"). The reported securities consist of trust units representing beneficial interests ("Trust Units") of Permianville Royalty Trust (the "Issuer") and were sold in open market transactions at a price of $2.97 per Trust Unit, net of commissions and other execution-related costs. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Trust Units purchased at each separate price in the range set forth in this footnote.
F2	The reported price is a VWAP. The reported securities consist of Trust Units of the Issuer and were sold in open market transactions ranging from $2.97 to $2.98, net of commissions and other execution-related costs. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Trust Units purchased at each separate price in the range set forth in this footnote.

Content

The reported price is a volume weighted average price ("VWAP"). The reported securities consist of trust units representing beneficial interests ("Trust Units") of Permianville Royalty Trust (the "Issuer") and were sold in open market transactions at a price of $2.97 per Trust Unit, net of commissions and other execution-related costs. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Trust Units purchased at each separate price in the range set forth in this footnote.

The reported price is a VWAP. The reported securities consist of Trust Units of the Issuer and were sold in open market transactions ranging from $2.97 to $2.98, net of commissions and other execution-related costs. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Trust Units purchased at each separate price in the range set forth in this footnote.