Brenton W. Hatch - 16 May 2018 Form 4 Insider Report for PROFIRE ENERGY INC (PFIE)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Todd Fugal, attorney-in-fact for Brenton W. Hatch
Issuer symbol: PFIE
Transactions as of: 16 May 2018
Transactions value $: -$77,034
Form type: 4
Filing time: 08 Apr 2022, 19:15:33 UTC
Next filing: 04 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PFIE	Common Stock	Options Exercise	$146,250	+125,000	+15%	$1.17^*	984,560	16 May 2018	Direct	F1
transaction	PFIE	Common Stock	Tax liability	-$77,033	-65,841	-6.7%	$1.17^*	918,719	16 May 2018	Direct	F2
holding	PFIE	Common Stock						8,205,560	16 May 2018	By Hatch Family Holding Company, LLC

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PFIE	Employee Stock Option (right to buy)	Options Exercise	-$146,250	-125,000	-31%	$1.17^*	275,000	16 May 2018	Common Stock	125,000	$1.17	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Due to an administrative error the reporting person inadvertently failed to report the acquisition of these shares at the time of acquisition. Section 16 forms filed after the late transaction incorrectly reported total ownership, and this Form 4 is being filed to both report the late transactions and correct total ownership as of April 6, 2022.
F2	These shares were withheld for payment of the tax liability for exercise of these options.
F3	The options vested in two equal annual installments beginning on November 2, 2017.