Permian Resources Corp — Director's Dealing 2022

Sep 7, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Permian Resources Corp (PR)
CIK: 0001658566
Period of Report: 2022-09-01

Reporting Person: PEARL ENERGY INVESTMENTS, L.P. (10% Owner)
Reporting Person: PEARL ENERGY INVESTMENTS II, L.P. (10% Owner)
Reporting Person: PEARL CIII HOLDINGS, L.P. (10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-09-01	Common Units	$	A	56429386	Acquired		Class A Common Stock (56429386)	Direct
2022-09-01	Common Units	$	A	16094353	Acquired		Class A Common Stock (16094353)	Direct
2022-09-01	Common Units	$	A	16609730	Acquired		Class A Common Stock (16609730)	Direct

Footnotes

F1: The securities were acquired in connection with the business combination of Centennial Resource Development, Inc. a Delaware corporation ("Centennial") and Colgate Energy Partners III, LLC ("Colgate") pursuant to that certain Business Combination Agreement, dated as of May 19, 2022 (the "Business Combination Agreement"), by and among Centennial, Centennial Resource Production, LLC, a Delaware limited liability company ("CRP"), Colgate, and, solely for purposes of the specified provisions therein, Colgate Energy Partners III MidCo, LLC, a Delaware limited liability company, pursuant to which CRP merged with and into Colgate (the "Merger"), with CRP surviving the Merger and continuing as a subsidiary of Centennial. Upon consummation of the Merger, Centennial was renamed Permian Resources Corporation (the "Company") and CRP was renamed Permian Resources Operating, LLC ("PRC").

F2: At the request of the reporting person, each Common Unit of PRC and a corresponding share of Class C common stock of the Company may be redeemed for newly-issued shares of Class A common stock of the Company on a one-for-one basis. The Common Units do not expire.

F3: 56,429,386 Common Units of PRC and corresponding shares of Class C common stock of the Company are held by Pearl Energy Investments, L.P. ("Pearl 1"). Pearl I is controlled by Pearl Energy Investment GP, L.P., its general partner ("Pearl I GP, L.P."). Pearl I GP, L.P. is controlled by Pearl Energy Investment UGP, LLC, its general partner ("Pearl I UGP"). Pearl I UGP is controlled bv William J. Quinn, the founder and managing partner of Pearl Energy Investments ("Quinn"). 16,094,353 Common Units of PRC and corresponding shares of Class C common stock of the Company are held by Pearl Energy Investments II, L.P. ("Pearl II"). Pearl II is controlled by Pearl Energy Investment II GP, L.P., its general partner ("Pearl II GP, L.P."). Pearl II GP, L.P. is controlled by Pearl Energy Investment II UGP, LLC ("Pearl II UGP").

F4: Pearl II UGP is controlled by Quinn. 16,609,730 Common Units of PRC and corresponding shares of Class C common stock of the Company are held by Pearl CIII Holdings, L.P. ("Colgate Holdings"). Colgate Holdings is controlled by Pearl II GP, L.P. Pearl II GP, L.P. is controlled by Pearl II UGP. Pearl II UGP is controlled by Quinn. The respective controlling entities of the reporting persons may be deemed to beneficially own all of the Common Units and the corresponding shares of Class C common stock of the Company held by such reporting persons. Such persons disclaim beneficial ownership of the Common Units reported herein except to the extent of their respective pecuniary interest therein and the filing of this Form 4 shall not be construed as an admission that any such person is the beneficial owner of any Common Units covered by this Form 4.