Patrick D. Quarles - 25 Feb 2022 Form 4 Insider Report for TRECORA RESOURCES (TREC)

Role: President and CEO, Director
Signature: /s/ Christopher Groves as attorney in fact for Patrick D. Quarles
Issuer symbol: TREC
Transactions as of: 25 Feb 2022
Transactions value $: -$66,795
Form type: 4
Filing time: 01 Mar 2022, 15:44:39 UTC
Previous filing: 18 Feb 2022
Next filing: 22 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TREC	Common stock	Options Exercise	$0	+21,443	+7.31%	$0	314,912	25 Feb 2022	Direct	F1
transaction	TREC	Common stock	Tax liability	-$66,794	-7,505	-2.38%	$8.9	307,407	25 Feb 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	TREC	Restricted Stock Units	Options Exercise	$0	-21,443	-5.9%	$0	342,093	25 Feb 2022	Common stock	21,443		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Granted as officer compensation. Converts into common stock on a one-for-one basis.
F2	Vesting of 1/3 of restricted stock which was granted on 02/25/21 and vests in three equal installments beginning on the first anniversary of the grant date.