Christopher Allen Stratton - 16 May 2022 Form 4 Insider Report for Vertex Energy Inc.

Role
Director
Signature
/s/ Christopher Allen Stratton
Issuer symbol
N/A
Transactions as of
16 May 2022
Net transactions value
-$43.07
Form type
4
Filing time
17 May 2022, 18:44:15 UTC
Previous filing
10 May 2022
Next filing
13 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VTNR Common Stock Options Exercise $124,800 +60,000 +139% $2.08 103,150 16 May 2022 Direct F1
transaction VTNR Common Stock Tax liability $124,843 -11,237 -11% $11.11 91,913 16 May 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 VTNR Stock Option Options Exercise -60,000 -100% 0 16 May 2022 Common Stock 60,000 $2.08 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Options to purchase 15,000 shares vested on each of July 7, 2016, 2017, 2018 and 2019.
F2 Represents a "net exercise" of outstanding stock options. The reporting person received 48,763 shares of common stock upon the net exercise of options to purchase 60,000 shares of common stock. The Company withheld 11,237 shares of common stock underlying the portion of the option exercised for payment of the exercise price, using the fair market value on May 16, 2022, of $11.106, pursuant to the terms of the Registrant's Amended and Restated 2013 Stock Incentive Plan. Exempt from Section 16 under Rule 16b-3.