john strickland - Sep 14, 2021 Form 4 Insider Report for Vertex Energy Inc. (VTNR)

Role
COO
Signature
/s/ John Strickland
Stock symbol
VTNR
Transactions as of
Sep 14, 2021
Transactions value $
$3
Form type
4
Date filed
9/17/2021, 05:09 PM
Previous filing
Aug 26, 2021
Next filing
May 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VTNR Common Stock Options Exercise $138K +50K +16.02% $2.75 362K Sep 14, 2021 Direct
transaction VTNR Common Stock Tax liability -$137K -20K -5.52% $6.88 342K Sep 14, 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 Stock Option Options Exercise $0 -50K -100% $0.00* 0 Sep 14, 2021 Common Stock 50K $2.75 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a "net exercise" of outstanding stock options. The reporting person received 30,015 shares of common stock on the net exercise of an option to purchase 50,000 shares of common stock. The Issuer withheld 19,985 shares of common stock underlying the option in payment of the exercise price, based on the five-day volume weighted average closing price of the Issuer's common stock, for the five trading days prior to September 14, 2021, of $6.88, as calculated pursuant to the terms of the option award (the "FMV").
F2 Options to purchase 12,500 shares vested on September 23, 2012, 2013, 2014 and 2015.