William M. Hickey III - Mar 6, 2024 Form 4 Insider Report for Permian Resources Corp (PR)

Role: Co-Chief Executive Officer, Director
Signature: /s/ Chad W. MacDonald, Attorney-in-fact
Stock symbol: PR
Transactions as of: Mar 6, 2024
Transactions value $: -$62,840,000
Form type: 4
Date filed: 3/8/2024, 06:26 PM
Previous filing: Dec 19, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PR	Class A Common Stock	Conversion of derivative security	$0	+4M		$0.00	4M	Mar 6, 2024	Direct	F1
transaction	PR	Class A Common Stock	Sale	-$62.8M	-4M	-100%	$15.71	0	Mar 6, 2024	Direct	F2

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	PR	Common Units	Conversion of derivative security		-4M	-30.13%		9.28M	Mar 6, 2024	Class A Common Stock	4M		Direct	F1
holding	PR	Common Units						2.99M	Mar 6, 2024	Class A Common Stock	2.99M		By Investment Partnership	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	At the request of the reporting person, each Common Unit of Permian Resources Operating, LLC and a corresponding share of Class C common stock of the Issuer may be redeemed for newly-issued shares of Class A common stock of the Issuer on a one-for-one basis. The Common Units do not expire.
F2	These shares were sold pursuant to an underwriting agreement, dated March 4, 2024, among the Issuer, the selling stockholders and the underwriter named therein. The shares were sold at a public offering price of $15.76 per share, and the Reporting Person paid an underwriting discount and commission of $0.05 per share, resulting in a net price of $15.71 per share.
F3	2,989,989 Common Units, along with an equal number of corresponding shares of Class C commons stock, are held directy by Hickey Family Investments, L.P., an investment partnership controlled by the reporting person.