ECMC Group, Inc. 4
4 · Performant Financial Corp · Filed Feb 18, 2022
Insider Transaction Report
Form 4
ECMC Group, Inc.
10% Owner
Transactions
- Exercise of In-Money
Common Stock Warrants (right to buy)
2022-02-16−1,000,000→ 2,863,326 totalExercise: $0.96From: 2017-08-11Exp: 2023-08-11→ Common Stock (1,000,000 underlying) - Exercise of In-Money
Common Stock
2022-02-16$0.96/sh+1,000,000$960,000→ 2,485,406 total
Footnotes (1)
- [F1]This warrant was first acquired from Performant Financial Corporation on August 11, 2017 and was subsequently amended on May 21, 2021 pursuant to that certain First Amendment to Warrant (the "Amendment"), by and among ECMC Group, Inc. and Performant Financial Corporation. The Amendment reduced the exercise price with respect to 1,931,663 shares of common stock underlying this warrant and extended this warrant's expiration date to August 11, 2023. No other terms of this warrant were modified by the Amendment, including the exercise price of the remainder shares of common stock underlying this warrant.