Intrepid Potash Inc.

07/29/2025 | Press release | Distributed by Public on 07/29/2025 17:00

Statement of Changes in Beneficial Ownership (Form 4)

FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Sheehan Christina
2. Issuer Name and Ticker or Trading Symbol
Intrepid Potash, Inc. [IPI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
General Counsel
(Last) (First) (Middle)
C/O INTREPID POTASH, INC., 707 17TH STREET, SUITE 4200
3. Date of Earliest Transaction (Month/Day/Year)
07/25/2025
(Street)
DENVER, CO 80202
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 07/25/2025 M 295(1) A $ 0 27,383 D
Common Stock 07/25/2025 F 87(2) D $35.89 27,296 D
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Performance Restricted Stock Unit $ 0 07/25/2025 M 295 (3) 03/17/2029 Common Stock 295 $ 0 2,083 D

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Sheehan Christina
C/O INTREPID POTASH, INC.
707 17TH STREET, SUITE 4200
DENVER, CO 80202
General Counsel

Signatures

/s/ Matthew D. Preston, as attorney-in-fact 07/29/2025
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Represents shares earned upon achievement of certain levels of absolute total stockholder return (aTSR) under Performance Restricted Stock Units ("PSUs") originally granted on March 17, 2025. See footnote 3 below.
(2) Represents shares withheld by the issuer to cover the tax witholding obligations upon vesting of PSUs.
(3) Each PSU represents the contingent right to receive one share of the issuer's common stock upon the applicable vesting conditions. The PSUs are earned based on certain levels of absolute total stockholder return (aTSR) on or prior to March 17, 2029. Earned PSU's are subject to additional time-vesting, with one-half of the earned PSUs vesting immediately and the remaining one-half vesting on the one-year anniversary of the date the PSU aTSR threshold was achieved. The PSUs are reported at the maximum level of aTSR achievement.
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.
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