Lance Lauck - Nov 11, 2022 Form 4 Insider Report for PDC ENERGY, INC. (PDCE)

Role
EVP, Corp. Dev. & Strategy
Signature
/s/ Nicole L. Martinet, by power of attorney
Stock symbol
PDCE
Transactions as of
Nov 11, 2022
Transactions value $
-$2,163,153
Form type
4
Date filed
11/15/2022, 04:12 PM
Previous filing
Nov 10, 2022
Next filing
Jan 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PDCE Common Stock Sale -$1.34M -16.7K -10.51% $80.18 142K Nov 11, 2022 Direct F1
transaction PDCE Common Stock Sale -$604K -7.36K -5.17% $82.01 135K Nov 11, 2022 Direct F2
transaction PDCE Common Stock Options Exercise $161K +4.07K +3.01% $39.63 139K Nov 11, 2022 Direct
transaction PDCE Common Stock Options Exercise $161K +4.07K +2.93% $39.63 143K Nov 11, 2022 Direct
transaction PDCE Common Stock Options Exercise $161K +4.07K +2.84% $39.63 147K Nov 11, 2022 Direct
transaction PDCE Common Stock Tax liability -$484K -6.02K -4.09% $80.36 141K Nov 11, 2022 Direct F3
transaction PDCE Common Stock Tax liability -$218K -2.72K -1.92% $80.36 139K Nov 11, 2022 Direct F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PDCE Stock Appreciation Rights Options Exercise $0 -4.07K -100% $0.00* 0 Nov 11, 2022 Common Stock 4.07K $39.63 Direct
transaction PDCE Stock Appreciation Rights Options Exercise $0 -4.07K -100% $0.00* 0 Nov 11, 2022 Common Stock 4.07K $39.63 Direct
transaction PDCE Stock Appreciation Rights Options Exercise $0 -4.07K -100% $0.00* 0 Nov 11, 2022 Common Stock 4.07K $39.63 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $80.02 to $80.32, inclusive. The reporting person undertakes to provide to the issuer, any security holder of issuer, or the staff of the Security and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1) and (2) to this Form 4.
F2 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.01 to $82.06, inclusive.
F3 Includes 6,023 shares representing the deemed exercise price.
F4 Includes 2,717 shares surrendered to issuer to cover tax withholding obligations of the reporting person.