PAMT CORP — Director's Dealing 2023

May 10, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PAM TRANSPORTATION SERVICES INC (PTSI)
CIK: 0000798287
Period of Report: 2023-05-08

Reporting Person: MOROUN MATTHEW T (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-05-08	Common Stock	A	626	$23.95	Acquired	6354148	Direct
2023-05-08	Common Stock	A	626	$23.95	Acquired	2752	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9268000	Indirect
Common Stock	306048	Indirect

Footnotes

F1: Award of common stock as part of annual retainer for non-employee directors.

F2: Reflects distributions of an aggregate of 2,700,000 shares to the reporting person that were reported as indirectly beneficially owned in trust in the reporting person's prior reports.

F3: The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such shares.

F4: The reporting person serves as trustee of the 2020 Agnes Anne Moroun Trust. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such shares.