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Ownership Document
|
| Schema Version: X0508 |
| Document Type: 4 |
| Period of Report: 3/26/24 |
| Not Subject to Section 16: 0 |
| Issuer: |
| Issuer CIK: 1550695 |
| Issuer Name: Performant Financial Corp |
| Issuer Trading Symbol: PFMT |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1976990 |
| | Owner Name: Ramchandani Rohit |
| Reporting Owner Address: |
| | Owner Street 1: 4309 HACIENDA DR |
| | Owner Street 2: SUITE 110 |
| | Owner City: PLEASANTON |
| | Owner State: CA |
| | Owner ZIP Code: 94588 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? No |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: Chief Financial Officer |
| Aff 10b5 One: 0 |
| Non-Derivative Table: |
| Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Restricted Stock Units |
| | Conversion or Exercise Price: |
| | | Footnote ID: F1 |
| | Transaction Date: |
| | | Value: 3/26/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 52,817 |
| | | Transaction Price Per Share: |
| Footnote ID: F1 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Exercise Date: |
| | | Footnote ID: F2 |
| | Expiration Date: |
| | | Footnote ID: F2 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 52,817 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 52,817 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Footnotes: |
| Footnote - F1: Each restricted stock unit represents a contingent right to receive one share of PFMT's common stock. The units were awarded at no cost to Reporting Person. |
| Footnote - F2: Restricted Stock Unit Award was granted on March 26, 2024 (the "Grant Date"). The Restricted Stock Units will 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 provided that the Reporting Person remains in continuous service through each vest date, and vesting in full upon a Change in Control (as defined in PFMT's 2012 Stock Incentive Plan (the "Stock Plan"). |
| Remarks: |
| Owner Signature: |
| Signature Name: /s/ Rohit Ramchandani |
| Signature Date: 4/5/24 |
