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Filing Details

Accession Number:: 0001209191-21-039062
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-06-08 20:28:02
Reporting Period:: 2021-06-04

Accepted Time:: 2021-06-08 20:28:02
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1550695	Performant Financial Corp	PFMT	Services-Miscellaneous Business Services (7380)	200484934

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1789758	Eric Yanagi	400 Oyster Point Blvd Suite 526 South San Francisco CA 94080		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, $0.0001 Par Value	Disposition	2021-06-04	3,637	$5.05	3,475,978	No	4	S	Indirect	See footnote
Common Stock, $0.0001 Par Value	Disposition	2021-06-07	208,800	$4.83	3,267,178	No	4	S	Indirect	See footnote
Common Stock, $0.0001 Par Value	Disposition	2021-06-08	5,503	$5.05	3,261,675	No	4	S	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See footnote
No	4	S	Indirect	See footnote
No	4	S	Indirect	See footnote

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, $0.0001 Par Value	230,415	Direct

Footnotes

Represents restricted stock units (or shares issued upon the vesting thereof) granted by the issuer as director compensation, in which the Reporting Person may have an indirect pecuniary interest. Mill Road Capital Management, LLC, an affiliate of the Reporting Person that does not have Section 13(d) beneficial ownership of any securities of the issuer, has the right to receive the economic benefit of the reported shares pursuant to a contractual obligation with the holder of such shares. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein, if any.
This price represents the weighted average sale price of multiple transactions on the reported date at prices that ranged between $4.95 and $5.05. Full information regarding the number of shares sold at each separate price will be provided upon request by the Commission staff, the issuer, or a security holder of the issuer.
The shares reported are directly held by Mill Road Capital II, L.P. (the "Fund"). Mr. Yanagi is a management committee director of Mill Road Capital II GP LLC (the "GP"), which is the sole general partner of the Fund and has sole authority to vote (or direct the vote of), and to dispose (or direct the disposal) of, these shares on behalf of the Fund. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein, if any.
This price represents the weighted average sale price of multiple transactions on the reported date at prices that ranged between $4.83 and $4.95. Full information regarding the number of shares sold at each separate price will be provided upon request by the Commission staff, the issuer, or a security holder of the issuer.