Alvaro Ruiz - 10 Jun 2022 Form 3 Insider Report for Vertex Energy Inc.

Role
Chief Strategy Officer
Signature
/s/ Alvaro Ruiz
Issuer symbol
N/A
Transactions as of
10 Jun 2022
Net transactions value
$0
Form type
3
Filing time
14 Jun 2022, 16:47:52 UTC
Next filing
16 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding VTNR Common Stock 56,250 10 Jun 2022 Direct

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
holding VTNR Stock Option (Right to Buy) 10 Jun 2022 Common Stock 6,250 $1.45 Direct F1
holding VTNR Stock Option (Right to Buy) 10 Jun 2022 Common Stock 75,000 $1.92 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Stock Options vest on May 20, 2023, subject to Reporting Person's continue service with the Company on such vesting date, subject to certain customary accelerated vesting upon a change of control and in certain other situations under the Reporting Person's employment agreement. The stock option was granted on May 20, 2019.
F2 The Stock Options vest at the rate of 1/3 of such on each of May 12, 2023, 2024 and 2025, subject to Reporting Person's continue service with the Company on such vesting dates, subject to certain customary accelerated vesting upon a change of control and in certain other situations under the Reporting Person's employment agreement. The stock option was granted on May 12, 2021.

Remarks:

Appointed as Chief Strategy Officer of the Issuer on June 10, 2022.