Patrick Brindle - Aug 12, 2022 Form 4 Insider Report for Piedmont Lithium Inc. (PLL)

Role: EVP and COO
Signature: /s/ Bruce Czachor, Attorney-in-Fact for the reporting person
Stock symbol: PLL
Transactions as of: Aug 12, 2022
Transactions value $: -$300,779
Form type: 4
Date filed: 8/16/2022, 12:08 PM
Previous filing: Mar 3, 2022
Next filing: Jan 9, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PLL	Common Stock, par value $0.0001	Options Exercise	$186K	+15K	+49.63%	$12.38	45.2K	Aug 12, 2022	Direct
transaction	PLL	Common Stock, par value $0.0001	Tax liability	-$186K	-2.77K	-6.13%	$66.97	42.4K	Aug 12, 2022	Direct	F1
transaction	PLL	Common Stock, par value $0.0001	Sale	-$301K	-4.49K	-10.58%	$66.97	38K	Aug 12, 2022	Direct	F1, 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	PLL	Stock Option (right to buy)	Options Exercise	$0	-15K	-100%	$0.00^*	0	Aug 12, 2022	Common Stock, par value $0.0001	15K	$66.97	Direct

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

Explanation of Responses:

Id	Content
F1	On August 12, 2022, the reporting person exercised, by net exercise, a previously issued stock option to purchase 15,000 shares of common stock of the Issuer. The reporting person paid the exercise price on a cashless basis, resulting in the Issuer withholding 2,773 shares of common stock for payment of the exercise price, based on the fair market value per share of the Issuer's common stock at the time of withholding of $66.9672, and issuing to the reporting person the remaining 12,227 shares of common stock. Additionally, the reporting person sold 4,491 shares of common stock for tax purposes in connection with the exercise of such stock option, resulting in the net acquisition of 7,736 shares of common stock by the reporting person.
F2	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $66.76 to $67.25 per common share equivalent, inclusive. The reporting person undertakes to provide to Piedmont Lithium Inc., any security holder of Piedmont Lithium Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein to this Form 4.

Content

On August 12, 2022, the reporting person exercised, by net exercise, a previously issued stock option to purchase 15,000 shares of common stock of the Issuer. The reporting person paid the exercise price on a cashless basis, resulting in the Issuer withholding 2,773 shares of common stock for payment of the exercise price, based on the fair market value per share of the Issuer's common stock at the time of withholding of $66.9672, and issuing to the reporting person the remaining 12,227 shares of common stock. Additionally, the reporting person sold 4,491 shares of common stock for tax purposes in connection with the exercise of such stock option, resulting in the net acquisition of 7,736 shares of common stock by the reporting person.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $66.76 to $67.25 per common share equivalent, inclusive. The reporting person undertakes to provide to Piedmont Lithium Inc., any security holder of Piedmont Lithium Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein to this Form 4.