Mark Duff - 08 Jan 2025 Form 4 Insider Report for PERMA FIX ENVIRONMENTAL SERVICES INC (PESI)

Role
President and CEO, Director
Signature
/s/ Mark Duff
Issuer symbol
PESI
Transactions as of
08 Jan 2025
Net transactions value
+$3.06
Form type
4
Filing time
10 Jan 2025, 09:00:31 UTC
Previous filing
05 Sep 2024
Next filing
19 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PESI Common Stock Options Exercise $78,750 +25,000 +22% $3.15 138,052 08 Jan 2025 Direct F1
transaction PESI Common Stock Tax liability $78,747 -7,443 -5.4% $10.58 130,609 08 Jan 2025 Direct F1

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 PESI Stock Option Options Exercise $0 -25,000 -100% $0.000000 0 08 Jan 2025 Common Stock 25,000 $3.15 Direct F1
holding PESI Stock Option 50,000 08 Jan 2025 Common Stock 50,000 $7.00 Direct F2
holding PESI Stock Option 70,000 08 Jan 2025 Common Stock 70,000 $3.95 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 8, 2025, the Reporting Person exercised the incentive stock option granted 01/17/2019 under the Company's 2017 Stock Option Plan (the "2017 Plan") for the purchase of 25,000 shares of the Company's Common Stock at an exercise price of $3.15 per share (the "Option shares"). As permitted by the 2017 Plan, the Reporting Person elected to pay the exercise price of the Option Shares by having the Company withhold from the Option Shares a number of shares having a fair market value equal to the aggregate exercise price of $78,750. Since the fair market value of the Company's Common Stock on January 8, 2025, (as determined in accordance with the 2017 Plan) was $10.58 per share, the Company withheld 7,443 shares of Common Stock ($78,750 divided by $10.58) to pay the aggregate exercise price of the option.
F2 Incentive stock option granted 10/14/2021 under the Company's 2017 Stock Option Plan. The option is for a 6 year period and vests over a 5 year period, at 1/5 increment per year.
F3 Incentive stock option granted 01/19/2023 under the Company's 2017 Stock Option Plan. The option is for a 6 year period and vests over a 5 year period, at 1/5 increment per year.