Form 4: Performant Healthcare CFO Rohit Ramchandani Reports Stock Transactions
SEC Form 4
Rohit Ramchandani, CFO of Performant Healthcare Inc, reports the vesting and subsequent tax withholding of restricted stock units.
Summary
- On May 14, 2025, Rohit Ramchandani, the Chief Financial Officer of Performant Healthcare Inc, reported transactions involving common stock.
- These transactions involved the vesting of restricted stock units (RSUs) and the subsequent surrender of shares to cover tax liabilities.
- Specifically, 13,112 and 27,090 RSUs vested, converting into common stock.
- A portion of the vested shares, 5,859 and 12,104 shares respectively, were then surrendered at a price of $2.59 to cover tax obligations.
- Following these transactions, Ramchandani directly owns 233,515 shares of Performant Healthcare Inc.
- The RSUs were granted on March 26, 2024, and May 5, 2023, and vest in four equal installments on the first day of the next open trading window immediately following the first, second, third and fourth anniversaries of the Grant Date.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions, neither positive nor negative in itself.
Industry Context
This filing is a routine disclosure related to executive compensation and is a standard practice for publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve the vesting of previously granted equity compensation.
Key Dates
| Date | Description |
|---|---|
| 03/26/2024 | Grant date of Restricted Stock Unit Award that vests in four equal installments. |
| 05/05/2023 | Grant date of Restricted Stock Unit Award that vests in four equal installments. |
| 05/14/2025 | Date of transactions: vesting of RSUs and surrender of shares for tax liability. |
| 05/16/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Performant Healthcare, PHLT, Rohit Ramchandani, CFO, Restricted Stock Units, RSU, Beneficial Ownership, Insider Trading
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