THOMAS J. MADDEN - 21 Mar 2023 Form 4 Insider Report for PFSWEB INC

Role: CFO/Executive Vice President
Signature: /s/ Thomas J Madden
Issuer symbol: N/A
Transactions as of: 21 Mar 2023
Net transactions value: -$11,366
Form type: 4
Filing time: 23 Mar 2023, 16:27:18 UTC
Previous filing: 23 Feb 2023
Next filing: 23 Oct 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	+11,755	+2.5%	$0.000000	486,326	21 Mar 2023	Direct	F1
transaction	PFSW	Common Stock	Tax liability	$11,366	-2,863	-0.59%	$3.97	483,463	21 Mar 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	Performance Share Award - 2022 STI	Options Exercise	$0	-11,755	-100%	$0.000000^*	0	21 Mar 2023	Common Stock	11,755		Direct	F3

* 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 Performance Share Award 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	Settlement of Performance Share Award issued under the Plan.