4//SEC Filing
Quinn William J 4
Accession 0001658566-26-000022
CIK 0001658566other
Filed
Jan 7, 7:00 PM ET
Accepted
Jan 8, 4:29 PM ET
Size
13.6 KB
Accession
0001658566-26-000022
Insider Transaction Report
Form 4
Quinn William J
Director
Transactions
- Award
Class A Common Stock
2026-01-07+1,018,745→ 1,018,745 total - Award
Class A Common Stock
2026-01-07+6,914,410→ 8,226,839 total(indirect: See footnote) - Disposition to Issuer
Common Units
2026-01-07−1,018,745→ 0 total→ Class A Common Stock (1,018,745 underlying) - Disposition to Issuer
Common Units
2026-01-07−6,914,410→ 0 total(indirect: See Footnote)→ Class A Common Stock (6,914,410 underlying)
Footnotes (5)
- [F1]On January 7, 2026, pursuant to a corporate reorganization, Permian Resources Corporation (formerly known as PRC NewCo Inc) (the "Registrant") became the successor of Permian Resources Holdings Inc. (formerly known as Permian Resources Corporation) (the "Predecessor Registrant") following the merger of a subsidiary of the Registrant with and into the Predecessor Registrant (the "Merger"). The Merger resulted in (i) the Registrant becoming the parent of the Predecessor Registrant and (ii) the former security holders of the Predecessor Registrant owning, as of the effective time of the Merger (the "Merger Effective Time"), economic interests they held in the Predecessor Registrant immediately prior to the Merger Effective Time.
- [F2]Immediately following the Merger Effective Time, the reporting person contributed all of such reporting person's common units representing limited liability company interests ("OpCo Units") in Permian Resources Operating, LLC ("OpCo") to the Registrant in exchange for newly-issued shares of Class A Common Stock, par value $0.0001 per share, of the Registrant, on a one-for-one basic (the "OpCo Unit Exchange"). Immediately prior to the Merger Effective Time, all of the shares of Class C Common Stock, par value $0.0001 per share, of the Predecessor Registrant held by the reporting person were surrendered and cancelled for no consideration.
- [F3]Includes 2,047,082 OpCo Units distributed by Pearl Energy Investments II GP, L.P. in connection with the distribution to its limited partners pro rata.
- [F4]Securities held directly by Mail Holdings, L.P. which is controlled by the reporting person. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest therein, and the filing of this Form 4 shall not be construed as an admission of beneficial ownership of any or all of the reported securities for the purposes of Section 16 or for any other purpose.
- [F5]Prior to the OpCo Unit Exchange, the reporting person had a redemption right pursuant to the Seventh Amended and Restated Limited Liability Company Agreement of OpCo, pursuant to which each OpCo Unit held by the reporting person could be exchanged at such reporting person's election for a newly-issued share of Class A Common Stock, par value $0.0001 per share, of the Predecessor Registrant (along with the cancellation of the corresponding share of Class C Common Stock, par value $0.0001 per share, of the Predecessor Registrant). The OpCo Units did not have an expiration date.
Documents
Issuer
Permian Resources Corp
CIK 0001658566
Entity typeother
Related Parties
1- filerCIK 0001377293
Filing Metadata
- Form type
- 4
- Filed
- Jan 7, 7:00 PM ET
- Accepted
- Jan 8, 4:29 PM ET
- Size
- 13.6 KB