Benjamin P. Cowart - Apr 19, 2023 Form 4 Insider Report for Vertex Energy Inc. (VTNR)

Role
CEO and President, Director
Signature
/s/ Benjamin P. Cowart
Stock symbol
VTNR
Transactions as of
Apr 19, 2023
Transactions value $
-$533,328
Form type
4
Date filed
4/20/2023, 04:32 PM
Previous filing
Apr 12, 2023
Next filing
May 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VTNR Common Stock Sale -$533K -66.7K -1.21% $8.00 5.45M Apr 19, 2023 Through B&S Cowart II Family LP F1
holding VTNR Common Stock 429K Apr 19, 2023 Direct
holding VTNR Common Stock 174K Apr 19, 2023 Through spouse
holding VTNR Common Stock 70.2K Apr 19, 2023 Through The Shelley T. Cowart 2016 Grantor Retained Annuity Trust
holding VTNR Common Stock 7.5K Apr 19, 2023 Through Vertex Holdings, LP
holding VTNR Common Stock 101K Apr 19, 2023 Through VTX Inc.
* 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 This transaction was executed in multiple trades at prices ranging from $8.00 to $8.02, inclusive. The price reported above reflects the weighted average sales price. The Reporting Person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected. The sales reported on this Form 4 were effectuated pursuant to a Rule 10b5-1 trading plan adopted by B&S Cowart II Family LP on June 6, 2022.

Remarks:

Mr. Cowart disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein.