Perma-Pipe (NASDAQ: PPIH) details 1,536-share grant to independent director

Rhea-AI Filing Summary

Perma-Pipe International Holdings, Inc. director Richard Sherrill reported beneficial ownership of 1,536 shares of common stock. According to the filing, this was an initial grant of shares received as compensation for his services as an independent director on December 10, 2025. The filing shows that he holds these shares directly and lists no derivative securities.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Sherrill Richard

(Last) (First) (Middle)

2445 TECHNOLOGY FOREST BLVD

SUITE 1010

(Street)

THE WOODLANDS TX 77381

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
12/10/2025

3. Issuer Name and Ticker or Trading Symbol
Perma-Pipe International Holdings, Inc. [ PPIH ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	1,536(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Initial grant of shares as compensation for services as independent director.

	/s/ Richard Sherrill	12/15/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider transaction did Perma-Pipe (PPIH) disclose in this filing?

The filing reports that director Richard Sherrill received an initial grant of 1,536 shares of common stock as compensation for his services as an independent director.

How many Perma-Pipe (PPIH) shares does the director beneficially own?

Director Richard Sherrill beneficially owns 1,536 shares of Perma-Pipe common stock, as reported in the non-derivative securities table.

Is the Perma-Pipe director's ownership direct or indirect?

The filing classifies the ownership of the 1,536 common shares as direct (D) beneficial ownership.

Are any derivative securities reported for the Perma-Pipe (PPIH) director?

No. The table for derivative securities is present, but it lists no derivative securities beneficially owned.

What is the date of the event requiring this Perma-Pipe (PPIH) ownership report?

The date of the event requiring this statement is December 10, 2025.

Why were these Perma-Pipe (PPIH) shares granted to the director?

The 1,536 common shares were an initial grant of shares as compensation for Richard Sherrill’s services as an independent director.