LAUCK LANCE (EVP, Corp. Dev. & Strategy) reported 2 transactions at PDC ENERGY, INC.

Review the transaction codes below to understand the nature of each event.

LAUCK LANCE

Filed: 8/7/2023ACC: 0001104659-23-088227

InsiderLAUCK LANCECIK 1471391

→

IssuerPDC ENERGY, INC.CIK 77877

Officer· EVP, Corp. Dev. & Strategy

Since Jul 2018

-283.02K

Net shares

Net seller

$0.00

Total acquired

Open market trades

0B · 0S

Total transactions

283.02K disposed

Non-Derivative Transactions2

Common Stock

Direct

D · Disposition

−164.12K

Price / share

—

Trade value

—

% of position

New position

8/7/2023

164.12K→0.00

Restricted Stock Units

Direct

D · Disposition

−35.90K

Price / share

—

Trade value

—

% of position

New position

8/7/2023

35.90K→0.00

Total

Net shares

−200.02K

Net value

$0.00

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	8/7/2023	D · Disposition	−164.12K	—	—	New position	164.12K	0.00
Restricted Stock Units Direct	8/7/2023	D · Disposition	−35.90K	—	—	New position	35.90K	0.00
Total			−200.02K		$0.00

Derivative Transactions5

Performance Shares (2021)

Direct

D · Disposition

Converts to

PDC Common Stock

32.64K shares

−32.64K

Strike price

Held after

0.00

Exercisable

—

8/7/2023

Performance Shares (2022)

Direct

D · Disposition

Converts to

PDC Common Stock

15.85K shares

−15.85K

Strike price

Held after

0.00

Exercisable

—

8/7/2023

Performance Shares (2023)

Direct

D · Disposition

Converts to

PDC Common Stock

14.46K shares

−14.46K

Strike price

Held after

0.00

Exercisable

—

8/7/2023

Stock Appreciation Rights

Direct

D · Disposition

Converts to

PDC Common Stock

11.45K shares

−11.45K

Strike price

51.63

Held after

0.00

Exercisable

—

8/7/2023

Stock Appreciation Rights

Direct

D · Disposition

Converts to

PDC Common Stock

8.60K shares

−8.60K

Strike price

74.57

Held after

0.00

Exercisable

—

8/7/2023

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable
Performance Shares (2021) Direct	PDC Common Stock32.64K shares	8/7/2023	D · Disposition	−32.64K		—
Performance Shares (2022) Direct	PDC Common Stock15.85K shares	8/7/2023	D · Disposition	−15.85K		—
Performance Shares (2023) Direct	PDC Common Stock14.46K shares	8/7/2023	D · Disposition	−14.46K		—
Stock Appreciation Rights Direct	PDC Common Stock11.45K shares	8/7/2023	D · Disposition	−11.45K	51.63	—
Stock Appreciation Rights Direct	PDC Common Stock8.60K shares	8/7/2023	D · Disposition	−8.60K	74.57	—