Benjamin P. Cowart - Mar 21, 2023 Form 4 Insider Report for Vertex Energy Inc. (VTNR)

Role
CEO and President, Director, 10%+ Owner
Signature
/s/ Benjamin P. Cowart
Stock symbol
VTNR
Transactions as of
Mar 21, 2023
Transactions value $
$209,160
Form type
4
Date filed
3/22/2023, 06:48 PM
Previous filing
Mar 3, 2023
Next filing
Apr 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VTNR Common Stock Options Exercise $209K +166K +63.15% $1.26* 429K Mar 21, 2023 Direct
holding VTNR Common Stock 5.58M Mar 21, 2023 Through B&S Cowart II Family LP
holding VTNR Common Stock 174K Mar 21, 2023 Through spouse
holding VTNR Common Stock 70.2K Mar 21, 2023 Through The Shelley T. Cowart 2016 Grantor Retained Annuity Trust
holding VTNR Common Stock 7.5K Mar 21, 2023 Through Vertex Holdings, LP
holding VTNR Common Stock 101K Mar 21, 2023 Through VTX Inc.

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 VTNR Option to Purchase Common Stock Options Exercise $0 -166K -100% $0.00* 0 Mar 21, 2023 Common Stock 166K $1.26 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 A total of 1/4th of the Stock Options vested on each of April 12, 2019, 2020, 2021 and 2022.

Remarks:

Mr. Cowart disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein.