Ian Johnston - Nov 16, 2021 Form 4 Insider Report for Performant Financial Corp (PFMT)

Role
Vice President and Chief Accounting Officer
Signature
/s/ Ian A. Johnston
Stock symbol
PFMT
Transactions as of
Nov 16, 2021
Transactions value $
-$31,478
Form type
4
Date filed
11/17/2021, 08:01 PM
Previous filing
Aug 17, 2021
Next filing
May 17, 2022

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 +31.4K +20.25% $0.00 186K Nov 16, 2021 Direct
transaction PFMT Common Stock, par value $0.0001 per share Tax liability -$31.5K -10.9K -5.86% $2.88 175K Nov 17, 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 -31.4K -33.33% $0.00 62.8K Nov 16, 2021 Common Stock 31.4K 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