Perma-Pipe director granted 3,144 restricted shares

BIRO JON C reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

BIRO JON C reported acquisition or exercise transactions in this Form 4 filing.

Perma-Pipe International Holdings director Jon C. Biro received an equity grant of 3,144 restricted shares of Common Stock. The award was granted at no cash cost to him and will vest on the first anniversary of the grant date. Following this award, he directly holds 10,393 shares of Perma-Pipe common stock.

Insider Trade Summary

Grant/Award: 3,144 shares

Grant/Award 1 txn

Insider BIRO JON C

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,144	$0.00	$0.00

Holdings After Transaction: Common Stock — 10,393 shares (Direct)

Footnotes (1)

1. F1. Restricted shares that vest on the first anniversary of the grant date.

Key Figures

Restricted stock grant: 3,144 shares Grant price per share: $0.00 per share Shares held after grant: 10,393 shares

3 metrics

Restricted stock grant 3,144 shares Grant of Common Stock on 2026-06-24

Grant price per share $0.00 per share Equity award, no cash paid by insider

Shares held after grant 10,393 shares Total direct Common Stock holdings post-transaction

Key Terms

Restricted shares, Grant, award, or other acquisition, Common Stock, direct ownership

4 terms

Restricted shares financial

"Restricted shares that vest on the first anniversary of the grant date."

Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Common Stock financial

"security_title: Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

direct ownership financial

"ownership_type: direct"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Perma-Pipe (PPIH) director Jon C. Biro report?

Jon C. Biro reported receiving 3,144 restricted shares of Perma-Pipe Common Stock as an equity grant. The shares were awarded at no cash cost to him and increase his direct ownership stake in the company.

How many Perma-Pipe (PPIH) shares does Jon C. Biro hold after this grant?

After the grant, Jon C. Biro directly holds 10,393 shares of Perma-Pipe Common Stock. This total reflects his prior holdings plus the 3,144 restricted shares awarded in the latest Form 4 transaction.

What are the terms of Jon C. Biro’s restricted share award at Perma-Pipe (PPIH)?

The 3,144 shares granted to Jon C. Biro are restricted stock that vest on the first anniversary of the grant date. Until vesting, the shares are subject to forfeiture conditions typical for equity compensation awards.

Was Jon C. Biro’s Perma-Pipe (PPIH) transaction a market purchase or sale?

The transaction was a grant or award acquisition of 3,144 restricted shares, not an open-market purchase or sale. The Form 4 lists the price per share as zero, indicating compensation rather than a market trade.

How is Jon C. Biro’s ownership classified in the Perma-Pipe (PPIH) Form 4 filing?

Jon C. Biro’s holdings from this transaction are reported as direct ownership of Common Stock. The Form 4 indicates the ownership code as “D,” meaning he holds these 10,393 shares in his own name rather than indirectly through another entity.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/26/2026 - 04:12 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

BIRO JON C

(Last) (First) (Middle)

2445 TECHNOLOGY FOREST BLVD

SUITE 1010

(Street)

THE WOODLANDS TEXAS 77381

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/24/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/24/2026		A(1)		3,144	A	$0	10,393	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Restricted shares that vest on the first anniversary of the grant date.

	/s/ Jon C Biro	06/26/2026
	** 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 4 (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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)