Michael Passilla - 02 Jan 2025 Form 4 Insider Report for Priority Technology Holdings, Inc. (PRTH)

Role
Director
Signature
/s/ Bradley J. Miller, Attorney-in-Fact
Issuer symbol
PRTH
Transactions as of
02 Jan 2025
Net transactions value
-$25,791
Form type
4
Filing time
06 Jan 2025, 16:41:54 UTC
Previous filing
03 Oct 2024
Next filing
19 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRTH Common Stock Options Exercise +7,985 +6.7% 126,312 02 Jan 2025 Direct F1
transaction PRTH Common Stock Disposed to Issuer $25,791 -2,195 -1.7% $11.75 124,117 02 Jan 2025 Direct F2
holding PRTH Common Stock 76,052 02 Jan 2025 see footnote F3

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 0% 7,985 02 Jan 2025 Common Stock 7,985 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 Shares acquired by Posillipo Ventures, Inc., a limited liability company of which the reporting person is a managing member.
F4 On February 8, 2024, the Reporting Person was granted 31,949 restricted stock units which vest 25% on April 1, 2024, 25% on July 1, 2024, 25% on October 1, 2024, and 25% on January 1, 2025 subject to the Reporting Person's continued service as a director of the Issuer.