| Type | Sym | Class | Transaction | Value $ | Shares | Change % | Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PFMT | Common Stock, par value $0.0001 per share | +Options Exercise | $0 | +25,000 | +7.69% | $0.00 | 350,097 | May 13, 2024 | Direct | |
| transaction | PFMT | Common Stock, par value $0.0001 per share | -Tax liability | -$21,137 | -6,710 | -1.92% | $3.15 | 343,387 | May 13, 2024 | Direct | F1 |
| transaction | PFMT | Common Stock, par value $0.0001 per share | +Options Exercise | $0 | +45,863 | +13.36% | $0.00 | 389,250 | May 13, 2024 | Direct | |
| transaction | PFMT | Common Stock, par value $0.0001 per share | -Tax liability | -$35,179 | -11,168 | -2.87% | $3.15 | 378,082 | May 13, 2024 | Direct | F1 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PFMT | Restricted Stock Units | -Options Exercise | $0 | -25,000 | -33.33% | $0.00 | 50,000 | May 13, 2024 | Common Stock | 25,000 | Direct | F2, F3 | |
| transaction | PFMT | Restricted Stock Units | -Options Exercise | $0 | -45,863 | -25% | $0.00 | 137,586 | May 13, 2024 | Common Stock | 45,863 | Direct | F2, F4 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | Shares surrendered to pay tax liability due on vesting of Restricted Stock Units |
| F2 | Each restricted stock unit represents a contingent right to receive one share of PFMT's common stock. The units were awarded at no cost to the Reporting Person. |
| F3 | Restricted Stock Unit award was granted on March 10, 2022. The restricted stock unit award vests at a rate of 25% annually on the first day of the next open trading window immediately following the first, second, third, and fourth anniversaries of March 10, 2022, provided that the Reporting Person remains in continuous service through each vest date. |
| F4 | Restricted Stock Unit Award was granted on May 5, 2023 (the "Grant Date"). The Restricted Stock Units vest in four equal installments on the first day of the next open trading window immediately following the first, second, third and fourth anniversaries of the Grant Date provided that the Reporting Person remains in continuous service through each vest date, and vesting in full upon a Change in Control (as defined in PFMT's 2012 Stock Incentive Plan (the "Stock Plan"). |
Exhibit List Exhibit 24 - Confirming Statement