LAUCK LANCE (EVP, Corp. Dev. & Strategy) sold 15.1% of their position (24.09K shares) of PDC ENERGY, INC. on the open market

Open‑market sale worth $1.94M — a significant reduction. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 2 sales

LAUCK LANCE

Filed: 11/15/2022ACC: 0001437749-22-027476

InsiderLAUCK LANCECIK 1471391

→

IssuerPDC ENERGY, INC.CIK 77877

Officer· EVP, Corp. Dev. & Strategy

Since Jul 2018

-32.83K

Net shares

Net seller

$2.65M

Total sold

Open market trades

0B · 2S

Total transactions

12.21K acquired · 45.04K disposed

Non-Derivative Transactions7

Common Stock

Direct

S · Sale

−16.73K

Price / share

$80.18

Trade value

$1.34M

% of position

10.5%

11/11/2022

159.15K→142.43K

Common Stock

Direct

S · Sale

−7.36K

Price / share

$82.01

Trade value

$603.76K

% of position

5.2%

11/11/2022

142.43K→135.06K

Common Stock

Direct

M · Option Exercise

+4.07K

Price / share

$39.63

Trade value

$161.29K

% of position

3.0%

11/11/2022

135.06K→139.13K

Common Stock

Direct

M · Option Exercise

+4.07K

Price / share

$39.63

Trade value

$161.33K

% of position

2.9%

11/11/2022

139.13K→143.20K

Common Stock

Direct

M · Option Exercise

+4.07K

Price / share

$39.63

Trade value

$161.33K

% of position

2.8%

11/11/2022

143.20K→147.28K

Common Stock

Direct

F · Tax Withholding

−6.02K

Price / share

$80.36

Trade value

$484.01K

% of position

4.1%

11/11/2022

147.28K→141.25K

Common Stock

Direct

F · Tax Withholding

−2.72K

Price / share

$80.36

Trade value

$218.34K

% of position

1.9%

11/11/2022

141.25K→138.53K

Total

Net shares

−20.61K

Net value

-$2.16M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	11/11/2022	S · Sale	−16.73K	$80.18	$1.34M	10.5%	159.15K	142.43K
Common Stock Direct	11/11/2022	S · Sale	−7.36K	$82.01	$603.76K	5.2%	142.43K	135.06K
Common Stock Direct	11/11/2022	M · Option Exercise	+4.07K	$39.63	$161.29K	3.0%	135.06K	139.13K
Common Stock Direct	11/11/2022	M · Option Exercise	+4.07K	$39.63	$161.33K	2.9%	139.13K	143.20K
Common Stock Direct	11/11/2022	M · Option Exercise	+4.07K	$39.63	$161.33K	2.8%	143.20K	147.28K
Common Stock Direct	11/11/2022	F · Tax Withholding	−6.02K	$80.36	$484.01K	4.1%	147.28K	141.25K
Common Stock Direct	11/11/2022	F · Tax Withholding	−2.72K	$80.36	$218.34K	1.9%	141.25K	138.53K
Total			−20.61K		-$2.16M

Derivative Transactions3

Stock Appreciation Rights

Direct

M · Option Exercise

Converts to

Common Stock

4.07K shares

−4.07K

Strike price

39.63

Held after

0.00

Exercisable

—

11/11/2022

Stock Appreciation Rights

Direct

M · Option Exercise

Converts to

Common Stock

4.07K shares

−4.07K

Strike price

39.63

Held after

0.00

Exercisable

—

11/11/2022

Stock Appreciation Rights

Direct

M · Option Exercise

Converts to

Common Stock

4.07K shares

−4.07K

Strike price

39.63

Held after

0.00

Exercisable

—

11/11/2022

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable
Stock Appreciation Rights Direct	Common Stock4.07K shares	11/11/2022	M · Option Exercise	−4.07K	39.63	—
Stock Appreciation Rights Direct	Common Stock4.07K shares	11/11/2022	M · Option Exercise	−4.07K	39.63	—
Stock Appreciation Rights Direct	Common Stock4.07K shares	11/11/2022	M · Option Exercise	−4.07K	39.63	—