Andy Lombardo - 28 Mar 2023 Form 4 Insider Report for PERMA FIX ENVIRONMENTAL SERVICES INC (PESI)

Role: EVP of Nuclear & Technical Svc
Signature: /s/ Andy Lombardo
Issuer symbol: PESI
Transactions as of: 28 Mar 2023
Net transactions value: -$5.99
Form type: 4
Filing time: 30 Mar 2023, 15:00:35 UTC
Previous filing: 23 Jan 2023
Next filing: 06 Dec 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PESI	Common Stock	Options Exercise	$43,200	+12,000	+174%	$3.60	18,900	28 Mar 2023	Direct	F1
transaction	PESI	Common Stock	Tax liability	$43,206	-3,602	-19%	$12.00	15,298	28 Mar 2023	Direct	F1

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	PESI	Stock Option	Options Exercise	$0	-12,000	-100%	$0.000000^*	0	28 Mar 2023	Common Stock	12,000	$3.60	Direct	F1, F2
holding	PESI	Stock Option						8,000	28 Mar 2023	Common Stock	8,000	$3.15	Direct	F3
holding	PESI	Stock Option						25,000	28 Mar 2023	Common Stock	25,000	$7.00	Direct	F4
holding	PESI	Stock Option						30,000	28 Mar 2023	Common Stock	30,000	$3.95	Direct	F5

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

Explanation of Responses:

Id	Content
F1	On March 28, 2023, the Reporting Person exercised the incentive stock option granted 10/19/2017 under the Company's 2017 Stock Option Plan (the "2017 Plan") for the purchase of 12,000 shares of the Company's Common Stock at an exercise price of $3.60 per share (the "Option shares"). As permitted by the 2017 Plan, the Reporting Person elected to pay the exercise price of the Option Shares by having the Company withhold from the Option Shares a number of shares having a fair market value equal to the aggregate exercise price of $43,200. Since the fair market value of the Company's Common Stock on March 28, 2023 (as determined in accordance with the 2017 Plan) was $11.995 per share, the Company withheld 3,602 shares of Common Stock ($43,200 divided by $11.995) to pay the aggregate exercise price of the option.
F2	Incentive stock option granted 10/19/2017 under the Company's 2017 Stock Option Plan, which is fully vested.
F3	Incentive Stock Option granted 01/17/2019 under the Company's 2017 Stock Option Plan. Option to purchase 6,000 shares is vested. Option to purchase 2,000 shares will vest on anniversary date of 1/17/2024.
F4	Incentive Stock Option granted 10/14/2021 under the Company's 2017 Stock Option Plan. The Option is for a 6 year period and vests over a 5 year period, at 1/5 increment per year.
F5	Incentive Stock Option granted 01/19/2023 under the Company's 2017 Stock Option Plan. The Option is for a 6 year period and vests over a 5 year period, at 1/5 increment per year.