secwatch.observer — SEC 8-K summary
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Issuer:     Permian Resources Corp (PR)
CIK:        0001658566
Form:       8-K
Filed at:   2024-03-04T23:59:59+00:00
Accession:  0001193125-24-056840
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Permian Resources announces secondary offering of 48.5M shares by stockholders; co-CEOs to sell small portion
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- Selling stockholders include affiliates of EnCap, NGP, Pearl Energy, Riverstone and certain management offering 48.5M Class A shares.
- Permian Resources will not sell shares or receive proceeds; concurrently to purchase 2M OpCo Units from certain selling stockholders.
- Co-CEOs James Walter and Will Hickey each offer up to 4M shares (<20% of holdings), each retaining at least 12M shares.
- After offering, management will collectively own ~6.7% of common stock representing over $800M in value based on March 1 price.
- Goldman Sachs is sole underwriter; offering is subject to market and other conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1658566/000119312524056840/0001193125-24-056840-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1658566/000119312524056840/d21695d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-056840

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