Sharon C. Davis - 23 May 2022 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: 23 May 2022
Net transactions value: -$1,965
Form type: 4
Filing time: 24 May 2022, 17:19:50 UTC
Previous 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	+230	+10%	$0.000000	2,517	23 May 2022	Direct
transaction	AE	Common stock	Tax liability	$1,965	-57	-2.3%	$34.48	2,460	23 May 2022	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	-230	-11%	$0.000000	1,922	23 May 2022	Common stock	230		Direct	F1, F2

* 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 beginning May 22, 2020. Each restricted stock unit represents a contingent right to receive one share of AE common stock upon vesting.
F2	Total includes restricted stock units previously awarded that have different vesting and expiration dates, as reported.