Rohit Ramchandani - Mar 26, 2024 Form 4 Insider Report for Performant Financial Corp (PFMT)

Role: Chief Financial Officer
Signature: /s/ Rohit Ramchandani
Stock symbol: PFMT
Transactions as of: Mar 26, 2024
Transactions value $: $0
Form type: 4
Date filed: 4/5/2024, 04:41 PM
Previous filing: Sep 11, 2023
Next filing: May 15, 2024

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	Award		+52.8K			52.8K	Mar 26, 2024	Common Stock	52.8K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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 Reporting Person.
F2	Restricted Stock Unit Award was granted on March 26, 2024 (the "Grant Date"). The Restricted Stock Units will vest in four equal installments on the first day of the next open trading window immediately following the first, second, third and fourth anniversaries of the Grant Date provided that the Reporting Person remains in continuous service through each vest date, and vesting in full upon a Change in Control (as defined in PFMT's 2012 Stock Incentive Plan (the "Stock Plan").

Content

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 Reporting Person.

Restricted Stock Unit Award was granted on March 26, 2024 (the "Grant Date"). The Restricted Stock Units will vest in four equal installments on the first day of the next open trading window immediately following the first, second, third and fourth anniversaries of the Grant Date provided that the Reporting Person remains in continuous service through each vest date, and vesting in full upon a Change in Control (as defined in PFMT's 2012 Stock Incentive Plan (the "Stock Plan").