Simeon M. Kohl - 12 Aug 2022 Form 4 Insider Report for Performant Financial Corp (PHLT)

Role: President
Signature: /s/ Ian A. Johnston, Attorney-in-Fact for Simeon M. Kohl
Issuer symbol: PHLT
Transactions as of: 12 Aug 2022
Net transactions value: -$31,959
Form type: 4
Filing time: 16 Aug 2022, 21:00:40 UTC
Previous filing: 10 Aug 2022
Next filing: 09 May 2023
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	+30,458	+16%	$0.000000	221,667	12 Aug 2022	Direct
transaction	PFMT	Common Stock, par value $0.0001 per share	Tax liability	$19,182	-7,766	-3.5%	$2.47	213,901	15 Aug 2022	Direct	F1
transaction	PFMT	Common Stock, par value $0.0001 per share	Options Exercise	$0	+20,250	+9.5%	$0.000000	234,151	14 Aug 2022	Direct
transaction	PFMT	Common Stock, par value $0.0001 per share	Tax liability	$12,777	-5,704	-2.4%	$2.24	228,447	16 Aug 2022	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	-30,458	-50%	$0.000000	30,458	12 Aug 2022	Common Stock	30,458		Direct	F2, F3
transaction	PFMT	Restricted Stock Units	Options Exercise	$0	-20,250	-25%	$0.000000	60,750	14 Aug 2022	Common Stock	20,250		Direct	F2, F4

* 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	Restricted Stock Unit award was granted on July 30, 2020. The restricted stock unit award vests at a rate of 1/3 annually on the first, second, and third anniversaries of July 30, 2020, provided that the Reporting Person remains in continuous service through each vest date.
F4	Restricted Stock Unit award was granted on August 13, 2021. The restricted stock unit award vests at a rate of 25% annually on the first, second, third, and fourth anniversaries of August 14, 2021, provided that the Reporting Person remains in continuous service through each vest date.