[Form 4] The Beauty Health Company Insider Trading Activity

Rhea-AI Filing Summary

On 20 June 2025, Permian Basin Royalty Trust (NYSE: PBT) filed a Form 8-K under Item 2.02 to report that it has released a press announcement (Exhibit 99.1) regarding its regular monthly cash distribution. Unitholders on record as of 30 June 2025 will qualify for the payment. The filing explicitly states that the information is being furnished, not filed, thereby avoiding Section 18 liability.

No distribution amount, payment date, production data or other operating metrics were included. Aside from listing the exhibit, the document contains no additional financial statements or material events.

Positive

• Regular monthly distribution confirmed, reinforcing the Trust’s ongoing cash-return policy.

Negative

• Distribution amount not disclosed, limiting insight into payout sustainability.
• No supplementary operating or financial metrics provided in the filing.

Insights

Energy Royalty Analyst

TL;DR: Routine 8-K discloses record date for June distribution; lacks payout figure, so impact appears neutral.

The Trust simply notifies investors of a forthcoming cash distribution with a record date of 30 June 2025. Such monthly announcements are typical for PBT and convey continuity of royalty cash flow, which is mildly positive for income-seeking unitholders. However, absent the distribution rate or production details, the disclosure does not alter valuation models or forward yield estimates. Consequently, the filing is informational, not catalytic, and should have negligible effect on the unit price.

Portfolio Manager

TL;DR: Filing maintains transparency but offers no new data to adjust portfolios; treat as non-actionable.

From a portfolio construction standpoint, the 8-K retains predictability of cash distributions—a core attraction for royalty trusts—yet provides insufficient granularity to reassess risk, coverage ratios, or NAV. Until the press release (Ex. 99.1) is reviewed for actual cents-per-unit figures, there is no basis for changing position sizing. Categorised as non-impactful routine disclosure.

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^*

FANNING STEPHEN J

(Last) (First) (Middle)

C/O THE BEAUTY HEALTH COMPANY

2165 SPRING STREET

(Street)

LONG BEACH CA 90806

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Beauty Health Co [ SKIN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/16/2025

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	06/16/2025		A(1)		73,051	A(1)	(1)	527,283	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 (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. Represents a grant of restricted stock units ("RSUs"). The RSUs vest on the earlier of the one-year anniversary of the grant and the date of the 2026 Annual Meeting of Stockholders of the Company, contingent upon the reporting person's continued service as a member of the Company's board of directors through such time.

Remarks:

	/s/ Paul Bokota, Attorney-in-Fact for Stephen J. Fanning	06/18/2025
	** 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.

FAQ

What did Permian Basin Royalty Trust (PBT) announce in its June 20, 2025 8-K?

PBT reported issuing a press release that sets June 30, 2025 as the record date for its monthly cash distribution.

What is the record date for PBT’s June 2025 cash distribution?

The record date is June 30, 2025.

Was the distribution amount disclosed in the 8-K?

No. The filing references a press release but does not state the per-unit distribution figure.

Where can investors find the distribution amount?

The figure should be in Exhibit 99.1, the press release dated June 20, 2025, which is incorporated by reference.

Does this 8-K affect Section 18 liability?

No. The Trust states the information is being furnished, not filed, so Section 18 liability does not apply.