Sec Form 4 Filing - Walter James H @ Permian Resources Corp - 2024-03-06

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
Walter James H
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 _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Co-Chief Executive Officer
(Last) (First) (Middle)
C/O PERMIAN RESOURCES CORPORATION, 300 N. MARIENFELD ST., SUITE 1000
3. Date of Earliest Transaction (MM/DD/YY)
03/06/2024
(Street)
MIDLAND, TX79701
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 03/06/2024 C( 1 ) 4,000,000 A $ 0 ( 1 ) 4,000,000 D
Class A Common Stock 03/06/2024 S( 2 ) 4,000,000 D $ 15.71 ( 2 ) 0 D
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 ) 03/06/2024 C 4,000,000 ( 1 ) ( 1 ) Class A Common Stock 4,000,000 ( 1 ) 9,052,692 D
Common Units ( 1 ) ( 1 ) ( 1 ) Class A Common Stock 2,989,989 2,989,989 I By Investment Partnership ( 3 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Walter James H
C/O PERMIAN RESOURCES CORPORATION
300 N. MARIENFELD ST., SUITE 1000
MIDLAND, TX79701
X Co-Chief Executive Officer
Signatures
/s/ Chad W. MacDonald, Attorney-in-fact 03/08/2024
Signature of Reporting Person Date
Explanation of Responses:
( 1 )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.
( 2 )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.
( 3 )2,989,989 Common Units, along with an equal number of corresponding shares of Class C common stock, are held directly by Bedford Family Partners, L.P., an investment partnership controlled by the reporting person.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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