X0306 4 2018-03-12 0 0001421461 Intrepid Potash, Inc. IPI 0001432504 Jornayvaz Robert P III C/O INTREPID POTASH, INC. 707 17TH STREET, SUITE 4200 DENVER CO 80202 1 1 1 0 Exec. Chair, President & CEO Employee Stock Option (option to purchase) 3.90 2018-03-12 4 A 0 1558185 0 A 2028-03-11 Common Stock 1558185 1558185 D Represents a grant of non-qualified stock options. Options with respect to 934,911 of the shares will vest in three equal annual installments beginning on March 12, 2019, subject to the reporting person's continued employment with the company through the vesting date; provided, however, that no vesting will occur unless and until the volume-weighted average closing price of the company's common stock for 20 consecutive trading days equals or exceeds $5.85 on or before March 11, 2023. If this threshold is not met, these options will be cancelled on March 11, 2023. Options with respect to 623,274 of the shares will vest in three equal annual installments beginning on March 12, 2019, subject to the reporting person's continued employment with the company through the vesting date. /s/ Margaret E. McCandless, as attorney-in-fact 2018-03-14