PERMA FIX ENVIRONMENTAL SERVICES INC — Director's Dealing 2023

Oct 4, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PERMA FIX ENVIRONMENTAL SERVICES INC (PESI)
CIK: 0000891532
Period of Report: 2023-10-02

Reporting Person: Grondin Richard (EVP of Waste Treatment Ops)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-10-02	Common Stock	M	20000	$3.6000	Acquired	21036	Direct
2023-10-02	Common Stock	F	7118	$10.1150	Disposed	13918	Direct
2023-10-02	Common Stock	M	8000	$3.1500	Acquired	21918	Direct
2023-10-02	Common Stock	F	2491	$10.1150	Disposed	19427	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-10-02	Stock Option	$3.6000	M	20000	Disposed	2023-10-19	Common Stock (20000)	Direct
2023-10-02	Stock Option	$3.1500	M	8000	Disposed	2025-01-17	Common Stock (8000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$7.0050	2027-10-14	Common Stock (25000)	25000	Direct
Stock Option	$3.9500	2029-01-19	Common Stock (30000)	30000	Direct

Footnotes

F1: On October 2, 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 20,000 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 $72,000. Since the fair market value of the Company's Common Stock on October 2, 2023 (as determined in accordance with the 2017 Plan) was $10.115 per share, the Company withheld 7,118 shares of Common Stock ($72,000 divided by $10.115) to pay the aggregate exercise price of the option.

F2: On October 2, 2023, the Reporting Person exercised the incentive stock option granted 01/17/2019 under the Company's 2017 Stock Option Plan (the "2017 Plan") for the purchase of 8,000 of the 10,000 shares of the Company's Common Stock at an exercise price of $3.15 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 $25,200. Since the fair market value of the Company's Common Stock on October 2, 2023 (as determined in accordance with the 2017 Plan) was $10.115 per share, the Company withheld 2,491 shares of Common Stock ($25,200,000 divided by $10.115) to pay the aggregate exercise price of the option.

F3: Incentive stock option granted 10/19/2017 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.

F4: Incentive Stock Option granted 01/17/2019 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 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.

F6: 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.