Eric Yanagi - Jun 4, 2021 Form 4 Insider Report for Performant Financial Corp (PFMT)

Role
Director
Signature
/s/ Eric Yanagi
Stock symbol
PFMT
Transactions as of
Jun 4, 2021
Transactions value $
-$1,054,661
Form type
4
Date filed
6/8/2021, 08:28 PM
Next filing
Sep 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PFMT Common Stock, $0.0001 par value Sale -$18.4K -3.64K -0.1% $5.05 3.48M Jun 4, 2021 See footnote F2, F3
transaction PFMT Common Stock, $0.0001 par value Sale -$1.01M -209K -6.01% $4.83 3.27M Jun 7, 2021 See footnote F3, F4
transaction PFMT Common Stock, $0.0001 par value Sale -$27.8K -5.5K -0.17% $5.05 3.26M Jun 8, 2021 See footnote F3
holding PFMT Common Stock, $0.0001 par value 230K Jun 4, 2021 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units (or shares issued upon the vesting thereof) granted by the issuer as director compensation, in which the Reporting Person may have an indirect pecuniary interest. Mill Road Capital Management, LLC, an affiliate of the Reporting Person that does not have Section 13(d) beneficial ownership of any securities of the issuer, has the right to receive the economic benefit of the reported shares pursuant to a contractual obligation with the holder of such shares. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein, if any.
F2 This price represents the weighted average sale price of multiple transactions on the reported date at prices that ranged between $4.95 and $5.05. Full information regarding the number of shares sold at each separate price will be provided upon request by the Commission staff, the issuer, or a security holder of the issuer.
F3 The shares reported are directly held by Mill Road Capital II, L.P. (the "Fund"). Mr. Yanagi is a management committee director of Mill Road Capital II GP LLC (the "GP"), which is the sole general partner of the Fund and has sole authority to vote (or direct the vote of), and to dispose (or direct the disposal) of, these shares on behalf of the Fund. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein, if any.
F4 This price represents the weighted average sale price of multiple transactions on the reported date at prices that ranged between $4.83 and $4.95. Full information regarding the number of shares sold at each separate price will be provided upon request by the Commission staff, the issuer, or a security holder of the issuer.