Sec Form 4 Filing - Quinn William J @ Permian Resources Corp - 2024-03-04

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Quinn William J
2. Issuer Name and Ticker or Trading Symbol
Permian Resources Corp [ PR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O PEARL ENERGY INVESTMENTS, 2100 MCKINNEY AVE., SUITE 1675
3. Date of Earliest Transaction (MM/DD/YY)
03/04/2024
(Street)
DALLAS, TX75201
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 03/04/2024 03/04/2024 C 18,076,849 D 18,076,849 I See footnote ( 5 ) ( 6 )
Class C Common Stock 03/04/2024 03/04/2024 D 18,076,849 D 71,056,620 I See footnote ( 5 ) ( 6 )
Class A Common Stock 03/04/2024 03/04/2024 S( 3 ) 18,076,849 D $ 15.71 ( 4 ) 71,056,620 I See footnote ( 5 ) ( 6 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Common Units ( 1 ) ( 1 ) ( 2 ) 03/04/2024 C 18,076,849 ( 1 )( 2 ) ( 1 )( 2 ) Class A Common Stock 18,076,849 ( 1 ) ( 2 ) 71,056,620 I See footnote ( 5 ) ( 6 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Quinn William J
C/O PEARL ENERGY INVESTMENTS
2100 MCKINNEY AVE., SUITE 1675
DALLAS, TX75201
X X
Signatures
/s/ William J. Quinn 03/06/2024
Signature of Reporting Person Date
Explanation of Responses:
( 1 )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.
( 2 )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.
( 3 )On March 4, 2024, Pearl AIV, Pearl GP and Pearl CIII sold an aggregate amount of 18,076,849 shares of Class A common stock of the Issuer in an underwritten public offering.
( 4 )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.
( 5 )The Common Units reported herein are held directly by Pearl AIV, Pearl GP and Pearl CIII. Pearl AIV is controlled by Pearl GP, its general partner. Pearl GP is controlled by Pearl Energy Investment UGP, LLC ("Pearl UGP"). Pearl CIII is controlled by Pearl Energy Investment II GP, L.P., its general partner ("Pearl II GP"). Pearl II GP is controlled by Pearl Energy Investment II UGP, LLC ("Pearl II UGP"). Pearl UGP and Pearl II UGP are controlled by the reporting person.
( 6 )Each of the Reporting Persons disclaims 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 that any Reporting Person is the beneficial owner of any or all of the reported securities for the purposes of Section 16 or for any other purpose.

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