| 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 | +11.3K | +4.9% | $0.00 | 241K | May 29, 2023 | Direct | |
| transaction | PFMT | Common Stock, par value $0.0001 per share | Tax liability | -$10.2K | -4.57K | -1.9% | $2.24 | 236K | May 29, 2023 | Direct | F1 |
| 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 | -11.3K | -100% | $0.00* | 0 | May 29, 2023 | Common Stock | 11.3K | Direct | F2, F3 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | Shares surrendered to pay tax liability due on vesting of Restricted Stock Units. |
| 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 May 2, 2019. The restricted stock unit award vested at a rate of 25% annually on the first and second anniversaries of April 29, 2019, the third 25% of the shares vested on May 13, 2022, and the final 25% vested on May 29, 2023. |
Vice President and Chief Accounting Officer