Chris Carlson - Jun 24, 2021 Form 4 Insider Report for Vertex Energy Inc. (VTNR)

Role
CFO & Secretary
Signature
/s/ Chris Carlson
Stock symbol
VTNR
Transactions as of
Jun 24, 2021
Transactions value $
$0
Form type
4
Date filed
6/28/2021, 04:50 PM
Previous filing
May 24, 2021
Next filing
Jul 21, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VTNR Common Stock Options Exercise +45.2K +5.84% 818K Jun 24, 2021 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 VTNR Series B1 Preferred Stock Options Exercise -45.2K -100% 0 Apr 7, 2021 Common Stock 45.2K $1.56 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the automatic conversion of shares of Series B1 Preferred Stock into common stock, on a one-for-one basis, in connection with the triggering of the Automatic Conversion discussed in footnote 2.
F2 The Series B1 Preferred Stock (including accrued and unpaid dividends) was convertible into shares of the Issuer's common stock at the holder's option at any time at the Unit Price (initially a one-for-one basis). If the Issuer's common stock traded at or above $3.90 per share (250% of the Unit Price) for a period of 20 consecutive trading days, the Series B1 Preferred Stock converted into common stock on a one-for-one basis (an "Automatic Conversion").
F3 The Series B1 Preferred Stock did not have an expiration date.