Prescott Group Capital Management, L.L.C. - Mar 15, 2023 Form 4 Insider Report for Performant Financial Corp (PFMT)

Role
10%+ Owner
Signature
PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C. Name: /s/ Phil Frohlich Title: Managing Member
Stock symbol
PFMT
Transactions as of
Mar 15, 2023
Transactions value $
$822,300
Form type
4
Date filed
3/17/2023, 05:26 PM
Previous filing
Mar 28, 2022
Next filing
May 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PFMT Common Stock, par value $0.0001 per share Purchase $16.1K +5.64K +0.04% $2.85 15.5M Mar 15, 2023 See Footnote F1, F2
transaction PFMT Common Stock, par value $0.0001 per share Purchase $7.76K +2.77K +0.02% $2.80 15.5M Mar 16, 2023 See Footnote F1, F2
transaction PFMT Common Stock, par value $0.0001 per share Purchase $798K +300K +1.94% $2.66 15.8M Mar 17, 2023 See Footnote F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The filing of this Form 4 shall not be construed as an admission that Prescott Group Capital Management, L.L.C. ("Prescott Capital") or Phil Frohlich, the managing member of Prescott Capital, is or was for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or otherwise the beneficial owner of any of the Common Stock, par value $0.0001 per share (the "Common Stock"), of Performant Financial Corporation (the "Issuer") held by Prescott Group Aggressive Small Cap Master Fund, G.P. (the "Master Fund") for the accounts of Prescott Group Aggressive Small Cap, L.P. and Prescott Group Aggressive Small Cap II, L.P. (together, the "Small Cap Funds"). Pursuant to Rule 16a-1, both Prescott Capital and Mr. Frohlich disclaim such beneficial ownership.
F2 This Form 4 relates to shares of Common Stock of the Issuer held in the account of the Master Fund, of which the Small Cap Funds are general partners. Prescott Capital serves as the general partner and investment manager of the Small Cap Funds and may direct the Small Cap Funds. The Master Fund holds the shares of Common Stock for the accounts of the Small Cap Funds. Prescott Capital receives a portion of the profits in the way of a capital allocation from, and owns a partnership interest in, the Small Cap Funds. Phil Frohlich reports the Common Stock held indirectly by Prescott Capital because, as the managing member of Prescott Capital at the time of purchase, he controlled the disposition and voting of the securities.