Michael T. Vollkommer - 03 Dec 2021 Form 4 Insider Report for Priority Technology Holdings, Inc. (PRTH)

Signature
/s/ Michael T. Vollkommer
Issuer symbol
PRTH
Transactions as of
03 Dec 2021
Net transactions value
-$366,645
Form type
4
Filing time
07 Dec 2021, 15:53:04 UTC

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRTH Common Stock Options Exercise $0 +123,927 +77% $0.000000 284,640 03 Dec 2021 Direct F1
transaction PRTH Common Stock Disposed to Issuer $366,645 -55,891 -20% $6.56 228,749 03 Dec 2021 Direct F2

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 PRTH Restricted Stock Unit Options Exercise $0 -123,927 -64% $0.000000 70,357 03 Dec 2021 Common Stock 123,927 Direct F1, F3
transaction PRTH Restricted Stock Unit Award $0 +114,329 +162% $0.000000 184,686 03 Dec 2021 Common Stock 114,329 Direct F1, F4
* 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 the Issuer's common stock.
F2 Shares withheld to satisfy tax obligations.
F3 On December 3, 2020, an additional 140,713 restricted stock units were approved by the Issuer under the December 20, 2018 grant agreement for the Reporting Person which vest 50% on December 3, 2021 and 50% on December 3, 2022 subject to the Reporting Person's continued employment with the Issuer.
F4 On December 3, 2021, an additional 114,329 restricted stock units were approved by the Issuer under the December 20, 2018 grant agreement for the Reporting Person which vest 50% on December 3, 2022 and 50% on December 3, 2023 subject to the Reporting Person's continued employment with the Issuer.