Sharon C. Davis - 24 May 2021 Form 4 Insider Report for ADAMS RESOURCES & ENERGY, INC.

Role: EVP, COO & CAO
Signature: /s/ Sharon C. Davis
Issuer symbol: N/A
Transactions as of: 24 May 2021
Net transactions value: -$1,528
Form type: 4
Filing time: 25 May 2021, 16:10:32 UTC
Previous filing: 11 May 2021
Next filing: 02 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AE	Common stock	Options Exercise	$0	+229	+14%	$0.000000	1,861	24 May 2021	Direct
transaction	AE	Common stock	Tax liability	$1,528	-56	-3%	$27.28	1,805	24 May 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AE	Restricted stock units	Options Exercise	$0	-229	-11%	$0.000000	1,847	24 May 2021	Common stock	229		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reporting person was previously granted 688 restricted stock units of Adams Resources & Energy, Inc. (AE) vesting in three equal installments on May 22, 2020, May 22, 2021 and May 22, 2022. Each restricted stock unit represents a contingent right to receive one share of AE common stock upon vesting.