Independent director at Perma-Pipe (PPIH) awarded 576 shares

Rhea-AI Filing Summary

Zakhour Nancy reported acquisition or exercise transactions in this Form 4 filing.

Perma-Pipe International Holdings, Inc. director Nancy Zakhour received a grant of 576 shares of Common Stock as compensation for her services as an independent director. The shares were awarded at $0.00 per share, and she now directly owns 576 shares following this transaction.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Zakhour Nancy

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	576	$0.00	--

Holdings After Transaction: Common Stock — 576 shares (Direct)

Footnotes (1)

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Key Figures

Shares granted: 576 shares Grant price: $0.00 per share Shares owned after: 576 shares +1 more

4 metrics

Shares granted 576 shares Initial grant of common stock to independent director

Grant price $0.00 per share Reported transaction price for the 576-share award

Shares owned after 576 shares Total common stock held directly after the transaction

Acquire transactions 1 transaction Form 4 transactionSummary acquireCount

Key Terms

independent director, Common Stock, grant, award, or other acquisition

3 terms

independent director financial

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

An independent director is a member of a company's board of directors who is not involved in the company's day-to-day operations and has no significant relationships with the company that could influence their judgment. Their role is to provide unbiased oversight and ensure the company is managed in the best interests of all shareholders. This helps build trust and confidence among investors by promoting transparency and accountability.

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.

grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

Form 4 Insider Transactions: What Each Field Means →

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^*

Zakhour Nancy

(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)
04/10/2026

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	04/10/2026		A		576(1)	A	$0	576	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. Initial grant of shares as compensation for services as independent director.

	/s/ Nancy Zakhour	04/13/2026
	** 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)

FAQ

What insider transaction did PPIH director Nancy Zakhour report?

Nancy Zakhour reported receiving a grant of 576 shares of Perma-Pipe International Holdings, Inc. common stock. The award was made as compensation for her service as an independent director and reflects a non-cash equity grant rather than an open-market purchase.

How many PPIH shares does Nancy Zakhour own after this Form 4?

Following the reported transaction, Nancy Zakhour directly holds 576 shares of Perma-Pipe International Holdings, Inc. common stock. All of these shares come from the newly reported grant, with no additional holdings or derivative positions disclosed in this filing excerpt.

Was cash paid for the 576-share grant to the PPIH director?

No cash was paid for this award; the 576 shares were granted at a reported price of $0.00 per share. The grant is described in the footnote as initial compensation for Nancy Zakhour’s services as an independent director of Perma-Pipe International Holdings, Inc.

What does the transaction code A mean in the PPIH Form 4 filing?

Transaction code A in this Form 4 indicates a grant, award, or other acquisition of shares. In this case, it reflects an initial equity grant of 576 shares of Perma-Pipe common stock to independent director Nancy Zakhour as part of her board compensation.

Is the 576-share PPIH transaction a buy or a grant for the director?

The 576-share event is a grant/award acquisition, not an open-market buy. The filing classifies it as a compensation-related grant to independent director Nancy Zakhour, with a transaction price of $0.00 per share and no indication of market trading activity.