Richard D. Odell - 13 May 2025 Form 4 Insider Report for Proficient Auto Logistics, Inc (PAL)

Role
Chief Executive Officer, Director
Signature
/s/ Bradley J. Wright, as attorney-in-fact
Issuer symbol
PAL
Transactions as of
13 May 2025
Net transactions value
-$122,260
Form type
4
Filing time
15 May 2025, 19:54:42 UTC
Previous filing
02 May 2025
Next filing
20 May 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
ODELL RICHARD D Chief Executive Officer, Director 12276 SAN JOSE BLVD., SUITE 426, JACKSONVILLE /s/ Bradley J. Wright, as attorney-in-fact 15 May 2025 0001191293

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PAL Common Stock Options Exercise $0 +161,670 +22% $0.000000 900,472 13 May 2025 Direct
transaction PAL Common Stock Sale $122,260 -15,000 -1.7% $8.15 885,472 15 May 2025 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 PAL Restricted Stock Units Options Exercise $0 +161,670 +33% $0.000000 646,685 13 May 2025 Common Stock 161,670 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction represents shares sold to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units.
F2 This transaction was executed in multiple trades at prices ranging from $8.15 to $8.21. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
F3 On May 13, 2024, the Reporting Person was awarded 808,355 restricted stock units that vest in equal installments on each of May 13, 2025, 2026, 2027, 2028 and 2029. These restricted stock units convert into common stock on a one-for-one basis.