Ian Johnston - Aug 12, 2022 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
Aug 12, 2022
Transactions value $
-$39,226
Form type
4
Date filed
8/16/2022, 09:04 PM
Previous filing
Aug 10, 2022
Next filing
May 31, 2023

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 +15.52% $0.00 234K Aug 12, 2022 Direct
transaction PFMT Common Stock, par value $0.0001 per share Tax liability -$28K -11.4K -4.87% $2.46 222K Aug 15, 2022 Direct F1
transaction PFMT Common Stock, par value $0.0001 per share Options Exercise $0 +12.5K +5.63% $0.00 235K Aug 14, 2022 Direct
transaction PFMT Common Stock, par value $0.0001 per share Tax liability -$11.2K -5.01K -2.14% $2.24 230K Aug 16, 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 -31.4K -50% $0.00 31.4K Aug 12, 2022 Common Stock 31.4K Direct F2, F3
transaction PFMT Restricted Stock Units Options Exercise $0 -12.5K -25% $0.00 37.5K Aug 14, 2022 Common Stock 12.5K 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.

Remarks:

Vice President and Chief Accounting Officer