Brindle Patrick 4
4 · Piedmont Lithium Inc. · Filed Aug 16, 2022
Insider Transaction Report
Form 4
Brindle Patrick
EVP and COO
Transactions
- Exercise/Conversion
Stock Option (right to buy)
2022-08-12−15,000→ 0 totalExercise: $66.97From: 2021-05-18Exp: 2022-12-31→ Common Stock, par value $0.0001 (15,000 underlying) - Exercise/Conversion
Common Stock, par value $0.0001
2022-08-12$12.38/sh+15,000$185,700→ 45,221 total - Tax Payment
Common Stock, par value $0.0001
2022-08-12$66.97/sh−2,773$185,700→ 42,448 total - Sale
Common Stock, par value $0.0001
2022-08-12$66.97/sh−4,491$300,779→ 37,957 total
Footnotes (2)
- [F1]On August 12, 2022, the reporting person exercised, by net exercise, a previously issued stock option to purchase 15,000 shares of common stock of the Issuer. The reporting person paid the exercise price on a cashless basis, resulting in the Issuer withholding 2,773 shares of common stock for payment of the exercise price, based on the fair market value per share of the Issuer's common stock at the time of withholding of $66.9672, and issuing to the reporting person the remaining 12,227 shares of common stock. Additionally, the reporting person sold 4,491 shares of common stock for tax purposes in connection with the exercise of such stock option, resulting in the net acquisition of 7,736 shares of common stock by the reporting person.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $66.76 to $67.25 per common share equivalent, inclusive. The reporting person undertakes to provide to Piedmont Lithium Inc., any security holder of Piedmont Lithium Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein to this Form 4.