[Form 4] Performant Healthcare, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Simeon M. Kohl, Chief Executive Officer and a director of Performant Healthcare, Inc. (PHLT), reported equity activity on 08/14/2025. The filing shows 20,250 restricted stock units (RSUs) were treated as acquired under a Rule 10b5-1 plan and that the Reporting Person now beneficially owns 571,311 shares of common stock after the transaction. Separately, 7,908 shares were surrendered to cover tax withholding on RSU vesting at an indicated price of $7.61 per share, leaving 563,403 shares beneficially owned in one line of the disclosure.
The RSUs were originally granted on August 13, 2021, vesting in four equal installments tied to service through each anniversary and subject to acceleration under the Reporting Person's change-in-control agreement. The filing is signed by an attorney-in-fact on behalf of Mr. Kohl.
Positive
- None.
Negative
- None.
Insights
TL;DR: CEO received and vested RSUs, surrendered some shares for taxes; standard executive compensation mechanics with limited immediate market impact.
The transaction consists of RSU vesting and the tax-related surrender of shares, both routine for executive equity compensation. The use of a 10b5-1 plan for the acquisition entry suggests pre-planned execution timing. The size—20,250 RSUs awarded/vested against reported beneficial ownership—does not indicate a material change to control or ownership concentration. Investors should view this as compensation realization rather than active open-market selling for diversification.
TL;DR: Vesting and tax-withholding occurred; transactions are administrative and unlikely to materially affect PHLT's capitalization.
The filing discloses vesting mechanics and a surrender of 7,908 shares to satisfy tax liabilities at a reported price of $7.61. The net beneficial ownership figures reported (571,311 and 563,403 shares on different lines) should be read carefully; they reflect outstanding beneficial holdings after respective line-item transactions. From a market-impact perspective, these are routine insider compensation events rather than strategic purchases or disposals.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 20,250 | $0.00 | -- |
| Exercise | Common Stock, par value $0.0001 per share | 20,250 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.0001 per share | 7,908 | $7.61 | $60K |
Footnotes (1)
- Shares surrendered to pay tax liability due on vesting of Restricted Stock Units Each restricted stock unit represents a contingent right to receive one share of PHLT's common stock. The units were awarded at no cost to the Reporting Person. Restricted Stock Unit award was granted on August 13, 2021 (the "Grant Date"). The Restricted Stock Units will vest in four equal installments on the first day of the next open trading window immediately following the first, second, third and fourth anniversaries of the Grant Date provided that the Reporting Person remains in continuous service through each vest date, subject to vesting acceleration pursuant to the terms of the Reporting Person's Change in Control and Severance Agreement.
