Robert de Rothschild Amends PrimeEnergy Resources Stake

Ticker: PNRG · Form: SC 13D/A · Filed: Jan 18, 2024 · CIK: 56868

Primeenergy Resources Corp SC 13D/A Filing Summary
FieldDetail
CompanyPrimeenergy Resources Corp (PNRG)
Form TypeSC 13D/A
Filed DateJan 18, 2024
Risk Levelmedium
Pages4
Reading Time5 min
Key Dollar Amounts$0.10, $109.8796, $109.1422, $109.4818, $108.4379
Sentimentneutral

Complexity: simple

Sentiment: neutral

Topics: insider-filing, amendment, shareholder-update

TL;DR

**Robert de Rothschild just updated his PrimeEnergy Resources stake, watch for potential shifts.**

AI Summary

Robert de Rothschild, through Amrace Inc., filed Amendment No. 8 to Schedule 13D on January 18, 2024, regarding his ownership in PrimeEnergy Resources Corporation. This amendment updates previous disclosures, with the date of the event requiring this filing being October 16, 2023. This matters to investors because it indicates a significant shareholder, Robert de Rothschild, is updating his stake or intentions, which can signal changes in control or influence over the company's direction.

Why It Matters

This filing updates the public on the holdings and intentions of a major shareholder, Robert de Rothschild, in PrimeEnergy Resources Corporation, which could influence future corporate actions or stock performance.

Risk Assessment

Risk Level: medium — Changes in significant shareholder filings can introduce uncertainty regarding future company control or strategic direction.

Analyst Insight

Investors should monitor subsequent filings from Robert de Rothschild for any changes in his ownership percentage or stated intentions, as these could signal potential strategic shifts for PrimeEnergy Resources Corporation.

Key Players & Entities

  • Robert de Rothschild (person) — reporting person and significant shareholder
  • PrimeEnergy Resources Corporation (company) — the issuer of the securities
  • Amrace Inc. (company) — entity through which Robert de Rothschild is reporting
  • October 16, 2023 (date) — date of event requiring the filing
  • January 18, 2024 (date) — filing date of the SC 13D/A
  • $.10 (dollar_amount) — par value per share of Common Stock

FAQ

Who is the reporting person in this SC 13D/A filing?

The reporting person is Robert de Rothschild, acting through Amrace Inc., located at 130 E. 63rd Street, 14th Floor, New York, New York 10065.

What is the name of the issuer whose securities are the subject of this filing?

The issuer is PrimeEnergy Resources Corporation, with its business address at 9821 Katy Freeway, Suite 1050, Houston, TX 77024.

What is the CUSIP number for the class of securities mentioned in this filing?

The CUSIP number for the Common Stock (par value $.10 per share) of PrimeEnergy Resources Corporation is 74158E104.

What was the date of the event that triggered the requirement for this Schedule 13D/A filing?

The date of the event which required the filing of this statement was October 16, 2023.

What type of filing is this document, and what amendment number is it?

This document is an Amendment No. 8 to Schedule 13D, filed under the Securities Exchange Act of 1934.

Filing Stats: 1,328 words · 5 min read · ~4 pages · Grade level 11.1 · Accepted 2024-01-18 14:15:42

Key Financial Figures

  • $0.10 — of Class of Securities: Common Stock, $0.10 par value (the "Shares") (b) Name of
  • $109.8796 — of Shares Price 10/16/2023 (1,902) $109.8796 (3) 10/17/2023 (139) $109.1422 10/
  • $109.1422 — 02) $109.8796 (3) 10/17/2023 (139) $109.1422 10/23/2023 (5,271) $109.4818 (3) 1
  • $109.4818 — (139) $109.1422 10/23/2023 (5,271) $109.4818 (3) 10/24/2023 (1,161) $108.4379 (3
  • $108.4379 — ) $109.4818 (3) 10/24/2023 (1,161) $108.4379 (3) 10/25/2023 (477) $108.0018 (3)
  • $108.0018 — 61) $108.4379 (3) 10/25/2023 (477) $108.0018 (3) 10/26/2023 (278) $108.0024 (3)
  • $108.0024 — 77) $108.0018 (3) 10/26/2023 (278) $108.0024 (3) 10/27/2023 (454) $107.0027 (3)
  • $107.0027 — 78) $108.0024 (3) 10/27/2023 (454) $107.0027 (3) 10/30/2023 (1,247) $107.0269 (3
  • $107.0269 — ) $107.0027 (3) 10/30/2023 (1,247) $107.0269 (3) 10/31/2023 (1,405) $107.00 11/
  • $107.00 — ) $107.0269 (3) 10/31/2023 (1,405) $107.00 11/6/2023 (1,440) $107.0452 (3) 11
  • $107.0452 — (1,405) $107.00 11/6/2023 (1,440) $107.0452 (3) 11/8/2023 (4) $104.00 11/27/20
  • $104.00 — 1,440) $107.0452 (3) 11/8/2023 (4) $104.00 11/27/2023 (1,877) $106.00 11/28/20
  • $106.00 — 023 (4) $104.00 11/27/2023 (1,877) $106.00 11/28/2023 (101) $106.00 11/29/2023

Filing Documents

. Source and Amount of Funds or Other Consideration

Item 3 . Source and Amount of Funds or Other Consideration WC – Amrace Inc.

Purpose of Transaction

Item 4. Purpose of Transaction The Reporting Person and Amrace, in the ordinary course of business, intend to sell Shares and sold Shares from October 16, 2023, through November 29, 2023, as listed below: Date Number of Shares Price 10/16/2023 (1,902) $109.8796 (3) 10/17/2023 (139) $109.1422 10/23/2023 (5,271) $109.4818 (3) 10/24/2023 (1,161) $108.4379 (3) 10/25/2023 (477) $108.0018 (3) 10/26/2023 (278) $108.0024 (3) 10/27/2023 (454) $107.0027 (3) 10/30/2023 (1,247) $107.0269 (3) 10/31/2023 (1,405) $107.00 11/6/2023 (1,440) $107.0452 (3) 11/8/2023 (4) $104.00 11/27/2023 (1,877) $106.00 11/28/2023 (101) $106.00 11/29/2023 (2,022) $106.00 (3) Average weighted price

Interests in Securities of the Issuer

Item 5. Interests in Securities of the Issuer: As of October 16, 2023, the Reporting Person began selling existing Shares held by Amrace. Prior to the first sale on October 16, 2023, the Reporting Person and Amrace held the following Shares: (i) Sole power to vote or to direct the vote: 250 (held by Reporting Person) (ii) Shared power to vote or to direct the vote: 331,296 (held by Amrace) (iii) Sole power to dispose or direct the disposition: 250 (held by Reporting Person) (iv) Shared power to dispose or direct the disposition: 331,296 (held by Amrace) (v) Aggregate amount of shares beneficially owned: 331,546 (vi) Percent of class represented in Item (v) above: 18.06% As of November 29, 2023, the Reporting Person and Amrace hold the following Shares: (g) Number of shares as to which the Reporting Person has: (i) Sole power to vote or to direct the vote: 250 (held by Reporting Person) (ii) Shared power to vote or to direct the vote: 313,518(held by Amrace) (iii) Sole power to dispose or direct the disposition: 250 (held by Reporting Person) (iv) Shared power to dispose or direct the disposition: 313,518 (held by Amrace) (v) Aggregate amount of shares beneficially owned: 313,768 (vi) Percent of class represented in Item (v) above: 17.23%

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer None

Materials to be Filed as Exhibits

Item 7. Materials to be Filed as Exhibits None SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: January18, 2024 /s/ Robert de Rothschild Robert de Rothschild AMRACE INC. By: /s/ Robert de Rothschild Robert de Rothschild President

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