Moroun Matthew T - 11 Sep 2025 Form 4 Insider Report for PAMT CORP (PAMT)

Role: Director, 10%+ Owner
Signature: /s/ Courtney C. Crouch, III as Attorney-in-fact for Matthew T. Moroun
Issuer symbol: PAMT
Transactions as of: 11 Sep 2025
Transactions value $: $0
Form type: 4
Filing time: 15 Sep 2025, 17:39:34
Previous filing: 15 May 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
MOROUN MATTHEW T	Director, 10%+ Owner	12225 STEPHENS ROAD, WARREN	/s/ Courtney C. Crouch, III as Attorney-in-fact for Matthew T. Moroun	15 Sep 2025	0001030743

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PAMT	Common Stock	Sale	-$21.5M	-2M	-100%	$10.75	0	11 Sep 2025	Direct	F1
transaction	PAMT	Common Stock	Purchase	$21.5M	+2M	+19.18%	$10.75	12.4M	11 Sep 2025	By Lindsay S. Moroun Trust	F1
holding	PAMT	Common Stock						3.27M	11 Sep 2025	By Moroun Grantor Trust	F1
holding	PAMT	Common Stock						306K	11 Sep 2025	By 2020 Agnes Moroun Trust
holding	PAMT	Common Stock						4.56K	11 Sep 2025	By Son	F2

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

Explanation of Responses:

Id	Content
F1	On September 11, 2025, the reporting person sold 2,000,000 shares of the Issuer's common stock, individually, to the 2020 Lindsay Moroun Trust in a privately negotiated transaction. These 2,000,000 shares were previously distributed to the reporting person by the Moroun Grantor Trust and were reported as indirectly beneficially owned by the Moroun Grantor Trust in the reporting person's prior reports. The reporting person serves as trustee of the 2020 Lindsay Moroun Trust and the Moroun Grantor Trust.
F2	The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such shares.

Content

On September 11, 2025, the reporting person sold 2,000,000 shares of the Issuer's common stock, individually, to the 2020 Lindsay Moroun Trust in a privately negotiated transaction. These 2,000,000 shares were previously distributed to the reporting person by the Moroun Grantor Trust and were reported as indirectly beneficially owned by the Moroun Grantor Trust in the reporting person's prior reports. The reporting person serves as trustee of the 2020 Lindsay Moroun Trust and the Moroun Grantor Trust.

The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such shares.