Thomas Charles Priore - 30 Jan 2024 Form 4 Insider Report for Priority Technology Holdings, Inc. (PRTH)

Role
President, CEO and Chairman, Director, 10%+ Owner
Signature
/s/ Bradley J. Miller (Attorney-In-Fact)
Issuer symbol
PRTH
Transactions as of
30 Jan 2024
Transactions value $
$0
Form type
4
Filing time
26 Mar 2024, 15:50:44 UTC
Previous filing
04 Apr 2023
Next filing
19 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRTH Common Stock Disposition pursuant to a tender of shares in a change of control transaction -606K -1.77% 33.7M 30 Jan 2024 Direct F1
transaction PRTH Common Stock Options Exercise +26K +0.08% 33.7M 22 Mar 2024 Direct F2
holding PRTH Common Stock 12.5M 30 Jan 2024 see footnote F3

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 PRTH Restricted Stock Unit Options Exercise $0 -26K -33.28% $0.00 52.1K 22 Mar 2024 Common Stock 52.1K Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 30, 2024, the Reporting Person entered into an Exchange Agreement as described in that certain Form 8-K filed by the Issuer on February 23, 2024 in which the Reporting Person returned 605,623 shares back to the Issuer.
F2 Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
F3 Includes 2,500,000 shares of PRTH common stock held by Lori A. Priore, the spouse of Thomas C. Priore, and Bernard H. Smyers, in their capacity as trustees of the Thomas C. Priore Irrevocable Insurance Trust u/a/d 1/8/2010, for the benefit of Lori A. Priore and the children of Thomas C. Priore and Lori A. Priore. Also includes 10,000,000 shares of PRTH common stock held by Lori A. Priore, the spouse of Thomas C. Priore, in her capacity as trustee of the Thomas Priore 2019 GRAT, for the benefit of Lori A. Priore and the children of Thomas C. Priore and Lori A. Priore.
F4 Pursuant to the March 22, 2023 award, 25,979 shares vested on March 22, 2024.