Ian A. Johnston - 16 Nov 2021 Form 4 Insider Report for Performant Financial Corp (PHLT)

Role
Vice President and Chief Accounting Officer
Signature
/s/ Ian A. Johnston
Issuer symbol
PHLT
Transactions as of
16 Nov 2021
Net transactions value
-$31,478
Form type
4
Filing time
17 Nov 2021, 20:01:42 UTC
Previous filing
17 Aug 2021
Next filing
17 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PFMT Common Stock, par value $0.0001 per share Options Exercise $0 +31,377 +20% $0.000000 186,363 16 Nov 2021 Direct
transaction PFMT Common Stock, par value $0.0001 per share Tax liability $31,478 -10,930 -5.9% $2.88 175,433 17 Nov 2021 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 PFMT Restricted Stock Units Options Exercise $0 -31,377 -33% $0.000000 62,752 16 Nov 2021 Common Stock 31,377 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares of common stock were sold to satisfy the Reporting Person's tax withholding obligations in connection with the vesting of Restricted Stock Units. These shares of common stock were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 7, 2021.
F2 Each Restricted Stock Unit represents a contingent right to receive one share of PFMT's common stock. The units were awarded at no cost to the Reporting Person.
F3 The Restricted Stock Unit award was granted on July 30, 2020. One-third of the shares vested on November 16, 2021, with the remaining Restricted Stock Unit Award vesting as to one-third on the first day of the next open trading window immediately following each of the second and third anniversaries of the grant date, provided that the Reporting Person remains in continuous service through each vesting date.

Remarks:

Vice President and Chief Accounting Officer