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Permian Resources (NYSE: PR) co-CEO trims stake with 898,423-share sale

Filing Impact
(Very High)
Filing Sentiment
(Very Negative)
Form Type
4

Rhea-AI Filing Summary

Permian Resources Corp Co-Chief Executive Officer William M. Hickey III reported an open-market sale of 898,423 shares of Class A common stock at a weighted average price of $18.3798 per share on March 4, 2026. The price reflected multiple trades between $18.2350 and $18.5250.

After the sale, Hickey directly held 9,389,405 shares. He also indirectly held 2,989,989 shares through Hickey Family Investments L.P., described as an investment partnership controlled by him.

Positive

  • None.

Negative

  • None.

Insights

Permian Resources’ co-CEO reports a sizable but partial share sale with large holdings retained.

Co-Chief Executive Officer William M. Hickey III executed an open-market sale of 898,423 shares of Permian Resources Class A common stock at a weighted average of $18.3798 on March 4, 2026. The filing notes the price reflects multiple trades between $18.2350 and $18.5250, which is typical for block transactions executed over several fills.

Following the sale, Hickey still directly owned 9,389,405 shares and indirectly held 2,989,989 shares through Hickey Family Investments L.P., described as an investment partnership he controls. This indicates a net-sell transaction but leaves a substantial ongoing equity stake. The filing does not provide reasons for the sale, so interpretation rests solely on these disclosed ownership levels.

Insider Hickey William M III
Role Co-Chief Executive Officer
Sold 898,423 shs ($16.51M)
Type Security Shares Price Value
Sale Class A Common Stock 898,423 $18.3798 $16.51M
holding Class A Common Stock -- -- --
Holdings After Transaction: Class A Common Stock — 9,389,405 shares (Direct); Class A Common Stock — 2,989,989 shares (Indirect, By Investment Partnership)
Footnotes (1)
  1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.2350 to $18.5250. The reporting person undertakes to provide to Permian Resources Corporation (the "Company"), any security holder of the Company, or staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. Securities held directly by Hickey Family Investments L.P., an investment partnership controlled by the reporting person.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Hickey William M III
(Last) (First) (Middle)
C/O PERMIAN RESOURCES CORPORATION
300 N. MARIENFELD ST., SUITE 1000
(Street)
MIDLAND TX 79701
(City) (State) (Zip)
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
3. Date of Earliest Transaction (Month/Day/Year)
03/04/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 03/04/2026 S 898,423 D $18.3798(1) 9,389,405 D
Class A Common Stock 2,989,989 I By Investment Partnership(2)
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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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
Explanation of Responses:
1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.2350 to $18.5250. The reporting person undertakes to provide to Permian Resources Corporation (the "Company"), any security holder of the Company, or staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
2. Securities held directly by Hickey Family Investments L.P., an investment partnership controlled by the reporting person.
Remarks:
/s/ John Bell, Attorney-in-Fact 03/05/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What did Permian Resources (PR) co-CEO William Hickey report in this Form 4?

He reported an open-market sale of 898,423 shares of Permian Resources Class A common stock. The weighted average sale price was $18.3798 per share, with trades executed between $18.2350 and $18.5250 on March 4, 2026.

At what price did Permian Resources (PR) shares sell in Hickey’s transaction?

The shares sold at a weighted average price of $18.3798 per share. According to the disclosure, individual trades occurred in a range from $18.2350 to $18.5250. The filer offered to provide full price-by-trade details upon request.

How many Permian Resources (PR) shares does William Hickey own after this Form 4 transaction?

After the reported sale, Hickey directly owned 9,389,405 Permian Resources Class A shares. He also indirectly held 2,989,989 additional shares through Hickey Family Investments L.P., which the filing describes as an investment partnership controlled by him.

What is Hickey Family Investments L.P. in the Permian Resources (PR) Form 4?

Hickey Family Investments L.P. is identified as an investment partnership controlled by William Hickey. The Form 4 notes that this partnership holds 2,989,989 Permian Resources Class A shares, reported as indirect ownership by the co-CEO.

Does the Permian Resources (PR) Form 4 explain why William Hickey sold shares?

The disclosure states the number of shares sold and price range but does not provide any reason for the sale. It only clarifies that the price is a weighted average over multiple trades executed between specified price levels on March 4, 2026.

How large is William Hickey’s net share movement in this Permian Resources (PR) filing?

The transaction summary shows a net sale of 898,423 shares of Permian Resources Class A common stock. There were no reported purchases or acquisitions, resulting in an overall net-sell direction for the period covered by this Form 4.