Ian A. Johnston - 12 Aug 2022 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
12 Aug 2022
Net transactions value
-$39,226
Form type
4
Filing time
16 Aug 2022, 21:04:03 UTC
Previous filing
10 Aug 2022
Next filing
31 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 +31,376 +16% $0.000000 233,566 12 Aug 2022 Direct
transaction PFMT Common Stock, par value $0.0001 per share Tax liability $27,997 -11,381 -4.9% $2.46 222,185 15 Aug 2022 Direct F1
transaction PFMT Common Stock, par value $0.0001 per share Options Exercise $0 +12,500 +5.6% $0.000000 234,685 14 Aug 2022 Direct
transaction PFMT Common Stock, par value $0.0001 per share Tax liability $11,229 -5,013 -2.1% $2.24 229,672 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 -31,376 -50% $0.000000 31,376 12 Aug 2022 Common Stock 31,376 Direct F2, F3
transaction PFMT Restricted Stock Units Options Exercise $0 -12,500 -25% $0.000000 37,500 14 Aug 2022 Common Stock 12,500 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