*
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The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment
containing information which would alter disclosures provided in a prior cover page.
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CUSIP No. 704551100
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SCHEDULE 13D
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1
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NAME OF REPORTING PERSON
Thomist Capital Management, LP
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ☐ (b) ☐
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS
AF
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
☐
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
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NUMBER OF
SHARES BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH:
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7
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SOLE VOTING POWER
6,394,172
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8
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SHARED VOTING POWER
0
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9
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SOLE DISPOSITIVE POWER
6,394,172
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10
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SHARED DISPOSITIVE POWER
0
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
6,394,172
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12
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.1% (1)
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14
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TYPE OF REPORTING PERSON
PN, IA
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(1)
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Based on 125.9 million shares of Common Stock, of the Issuer outstanding as of August 2, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and
Exchange Commission (“SEC”) on August 8, 2024.
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CUSIP No. 704551100
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SCHEDULE 13D
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1
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NAME OF REPORTING PERSON
Thomist Capital, LLC
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ☐ (b) ☐
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3
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SEC USE ONLY
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|||||||
4
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SOURCE OF FUNDS
AF
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|||||||
5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
☐
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|||||||
6
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CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
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NUMBER OF
SHARES BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH:
|
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7
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SOLE VOTING POWER
6,394,172
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||||||
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8
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SHARED VOTING POWER
0
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|||||||
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9
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SOLE DISPOSITIVE POWER
6,394,172
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|||||||
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10
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SHARED DISPOSITIVE POWER
0
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|||||||
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
6,394,172
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|||||||
12
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.1% (1)
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14
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TYPE OF REPORTING PERSON
OO, HC
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(1)
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Based on 125.9 million shares of Common Stock of the Issuer outstanding as of August 2, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the SEC on August 8,
2024.
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CUSIP No. 704551100
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SCHEDULE 13D
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1
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NAME OF REPORTING PERSON
The Thomist Fund, LP
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ☐ (b) ☐
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|||||||
3
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SEC USE ONLY
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|||||||
4
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SOURCE OF FUNDS
WC
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
☐
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF
SHARES BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH:
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7
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SOLE VOTING POWER
3,314,619
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||||||
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8
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SHARED VOTING POWER
0
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|||||||
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9
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SOLE DISPOSITIVE POWER
3,314,619
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|||||||
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10
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SHARED DISPOSITIVE POWER
0
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|||||||
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
3,314,619
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12
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.6% (1)
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14
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TYPE OF REPORTING PERSON
PN
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(1)
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Based on 125.9 million shares of Common Stock of the Issuer outstanding as of August 2, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the SEC on August 8,
2024.
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CUSIP No. 704551100
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SCHEDULE 13D
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1
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NAME OF REPORTING PERSON
Brian Kuzma
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|||||||
2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ☐ (b) ☐
|
|||||||
3
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SEC USE ONLY
|
|||||||
4
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SOURCE OF FUNDS
AF
|
|||||||
5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
☐
|
|||||||
6
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CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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NUMBER OF
SHARES BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH:
|
|
7
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SOLE VOTING POWER
6,394,172
|
||||||
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8
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SHARED VOTING POWER
0
|
|||||||
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9
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SOLE DISPOSITIVE POWER
6,394,172
|
|||||||
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10
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SHARED DISPOSITIVE POWER
0
|
|||||||
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
6,394,172
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|||||||
12
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐
|
|||||||
13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.1% (1)
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|||||||
14
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TYPE OF REPORTING PERSON
IN, HC
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(1)
|
Based on 125.9 million shares of Common Stock of the Issuer outstanding as of August 2, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the SEC on August 8,
2024.
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THOMIST CAPITAL MANAGEMENT, LP
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By: Thomist Capital, LLC, its general partner
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By:
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/s/ Brian Kuzma
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Name: Brian Kuzma
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Title: Managing Member
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THOMIST CAPITAL, LLC
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By:
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/s/ Brian Kuzma
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Name: Brian Kuzma
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Title: Managing Member
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THE THOMIST FUND, LP
|
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|
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By: Thomist Capital, LLC, its general partner
|
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By:
|
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/s/ Brian Kuzma
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Name: Brian Kuzma
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Title: Managing Member
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By:
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/s/ Brian Kuzma
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BRIAN KUZMA
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Instrument Traded
Effecting Beneficial
Ownership
|
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Trade Date
|
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Shares or
Contracts Purchased (Sold) |
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Price Per Share
($) or Contract (1) |
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Trading Account
|
||
Call Option
(Exercise Price $27, Expiration October 18, 2024)
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9/30/2024
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(5,000) contracts relating to (500,000) shares
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0.5510
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The Fund
|
||||||
(3,333) contracts relating to (333,300) shares
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0.5510
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Managed Account 1
|
||||||||
(1,667) contracts relating to (166,700) shares
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0.5510
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Managed Account 2
|
||||||||
Call Option
(Exercise Price $27, Expiration October 18, 2024)
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10/14/2024
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(21,743) contracts relating to (2,174,300) shares
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0.3723
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The Fund
|
||||||
(14,171) contracts relating to (1,417,100) shares
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0.3723
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Managed Account 1
|
||||||||
(7,086) contracts relating to (708,600) shares
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0.3723
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Managed Account 2
|