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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1095315	Pfsweb Inc	PFSW	Services-Business Services, Nec (7389)	752837058

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1877589	Eli Samaha	150 East 58Th St Ste 1403 New York NY 10155		No	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2022-12-28	1,750,000	$5.92	883,189	No	4	S	Indirect	See Footnote
Common Stock	Acquisiton	2022-12-28	1,750,000	$5.92	2,633,189	Yes	4	P	Indirect	See Footnote
Common Stock	Disposition	2022-12-29	883,000	$6.00	1,750,189	No	4	S	Indirect	See Footnote
Common Stock	Acquisiton	2022-12-29	883,000	$6.00	2,633,189	Yes	4	P	Indirect	See Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See Footnote
Yes	4	P	Indirect	See Footnote
No	4	S	Indirect	See Footnote
Yes	4	P	Indirect	See Footnote

Footnotes

The shares are held by funds managed by Madison Avenue Partners, LP. The Reporting person is the managing partner of Madison Avenue Partners, LP. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of the pecuniary interest of the Reporting Person therein. The filing of this statement shall not be deemed an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the Reporting Person is the beneficial ownership of such securities.