[Form 4] Perma-Pipe International Holdings, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Sagr Saleh Nehad Saleh reported acquisition or exercise transactions in this Form 4 filing.

Perma-Pipe International Holdings, Inc. President & CEO Sagr Saleh Nehad Saleh received a grant of 21,509 shares of common stock as equity compensation. The award consists of restricted shares that vest in three equal installments on each of the first three anniversaries of the grant date.

Following this grant, Saleh directly holds 72,570 common shares. Because the shares were granted at no cash cost per share and vest over time, this filing reflects a compensation-related equity award rather than an open-market purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Sagr Saleh Nehad Saleh

Role President & CEO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	21,509	$0.00	--

Holdings After Transaction: Common Stock — 72,570 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Restricted stock grant: 21,509 shares Grant price: $0.00 per share Post-grant holdings: 72,570 shares +1 more

4 metrics

Restricted stock grant 21,509 shares Common stock awarded to President & CEO

Grant price $0.00 per share Equity compensation, not market purchase

Post-grant holdings 72,570 shares CEO direct common stock ownership after award

Vesting schedule 1/3 each year for 3 years Restricted shares vest on each of first three anniversaries

Key Terms

Restricted shares, Grant, award, or other acquisition, Form 4

3 terms

Restricted shares financial

"Restricted shares that vest 1/3 on each of the first three anniversaries"

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""

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/26/2026 - 01:01 PM Accepted by SEC EDGAR 06/26/2026 - 01:00 PM 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^*

Sagr Saleh Nehad Saleh

(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
X	Officer (give title below)		Other (specify below)
	President & CEO

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)		21,509	A	$0	72,570	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 1/3 on each of the first three anniversaries of the grant date.

	/s/ Saleh N. Sagr	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)

FAQ

What insider transaction did PPIH report for Sagr Saleh Nehad Saleh?

Perma-Pipe International Holdings reported a grant of 21,509 restricted common shares to President & CEO Sagr Saleh Nehad Saleh at no cash cost per share, increasing his direct holdings to 72,570 shares.

Was the PPIH CEO’s recent Form 4 transaction a market purchase or a grant?

The transaction was a share grant, not a market purchase. The CEO received 21,509 restricted shares of common stock as compensation, awarded at zero dollars per share and subject to a multi-year vesting schedule.

How do the newly granted PPIH restricted shares vest for the CEO?

The 21,509 restricted shares granted to the PPIH CEO vest in three equal installments. One-third of the award vests on each of the first three anniversaries of the grant date, aligning compensation with continued service over time.

What is the PPIH CEO’s total common stock holding after this grant?

After receiving the 21,509-share restricted stock grant, the PPIH CEO directly holds 72,570 common shares. This total includes both previously held shares and the newly awarded restricted stock reported in the Form 4 filing.

Did the PPIH CEO pay cash for the 21,509 restricted shares?

No, the PPIH CEO did not pay cash for the award. The restricted stock grant was recorded at zero dollars per share, reflecting a compensation-related equity award rather than an open-market cash purchase of company stock.