SAMI AHMAD - 13 Feb 2022 Form 4 Insider Report for TRECORA RESOURCES

Role: CFO
Signature: /s/ Christopher Groves as attorney in fact for Sami Ahmad
Issuer symbol: N/A
Transactions as of: 13 Feb 2022
Net transactions value: -$21,345
Form type: 4
Filing time: 15 Feb 2022, 15:43:35 UTC
Next filing: 18 Feb 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	+4,858	+26%	$0.000000	23,731	13 Feb 2022	Direct	F1, F2
transaction	TREC	Common stock	Tax liability	$12,807	-1,457	-6.1%	$8.79	22,274	13 Feb 2022	Direct
transaction	TREC	Common stock	Options Exercise	$0	+3,259	+15%	$0.000000	25,533	15 Feb 2022	Direct	F2, F3
transaction	TREC	Common stock	Tax liability	$8,538	-978	-3.8%	$8.73	24,555	15 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	-4,858	-6.9%	$0.000000	65,700	13 Feb 2022	Common stock	4,858		Direct	F1, F2
transaction	TREC	Restricted Stock Units	Options Exercise	$0	-3,259	-5%	$0.000000	62,441	15 Feb 2022	Common stock	3,259		Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	Vesting of 1/3 of restricted stock which was granted on 02/13/20 and vests in three equal installments beginning on the first anniversary of the grant date.
F2	Granted as officer compensation. Converts into common stock on a one-for-one basis.
F3	Vesting of 1/3 of restricted stock which was granted on 02/15/19 and vests in three equal installments beginning on the first anniversary of the grant date.