Mark Fuentes - 21 Feb 2023 Form 4 Insider Report for PFSWEB INC

Role: Senior Vice President & CIO
Signature: /s/ Thomas J Madden by Power of Attorney
Issuer symbol: N/A
Transactions as of: 21 Feb 2023
Net transactions value: -$16,857
Form type: 4
Filing time: 23 Feb 2023, 15:02:32 UTC
Previous filing: 09 Mar 2023
Next filing: 23 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PFSW	Common Stock	Options Exercise	$0	+3,268	+3.3%	$0.000000	103,577	21 Feb 2023	Direct	F1
transaction	PFSW	Common Stock	Tax liability	$7,283	-1,071	-1%	$6.80	102,506	21 Feb 2023	Direct	F2
transaction	PFSW	Common Stock	Options Exercise	$0	+3,148	+3.1%	$0.000000	105,654	21 Feb 2023	Direct	F3
transaction	PFSW	Common Stock	Tax liability	$6,052	-890	-0.84%	$6.80	104,764	21 Feb 2023	Direct	F2
transaction	PFSW	Common Stock	Options Exercise	$0	+1,943	+1.9%	$0.000000	106,707	21 Feb 2023	Direct	F3
transaction	PFSW	Common Stock	Tax liability	$3,522	-518	-0.49%	$6.80	106,189	21 Feb 2023	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PFSW	Restricted Stock Unit - 2020 LTI	Options Exercise	$0	-3,268	-100%	$0.000000^*	0	21 Feb 2023	Common Stock	3,268		Direct	F4
transaction	PFSW	Restricted Stock Unit - 2021 LTI	Options Exercise	$0	-3,148	-50%	$0.000000	3,146	21 Feb 2023	Common Stock	3,148		Direct	F5
transaction	PFSW	Restricted Stock Unit - 2022 LTI	Options Exercise	$0	-1,943	-33%	$0.000000	3,884	21 Feb 2023	Common Stock	1,943		Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Issuance of Common Stock upon settlement of previously issued Restricted Stock Units granted under the Company's Employee Stock and Incentive Plan (the "Plan").
F2	Shares of Common Stock withheld by Issuer to satisfy tax withholding obligation.
F3	Issuance of Common Stock upon partial settlement of previously issued Restricted Stock Unit Award granted under the Plan.
F4	Settlement of Restricted Stock Unit Award issued under the Plan.
F5	Partial settlement of Restricted Stock Unit Award granted under the Plan whose remaining shares are subject to future vesting based on future service conditions and other terms and conditions of the Plan and the Restricted Stock Unit Award Agreement.