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Filing Details

Accession Number:: 0000899243-23-012851
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-05-12 17:26:36
Reporting Period:: 2023-05-10

Accepted Time:: 2023-05-12 17:26:36
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1550695	Performant Financial Corp	PFMT	()	1231

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1127428	Prescott Group Aggressive Small Cap Lp	1924 South Utica, Suite 1120 Tulsa OK 74104	No	No	Yes	No
1127429	Phil Frohlich	1924 South Utica, Suite 1120 Tulsa OK 74104	No	No	Yes	No
1166152	Prescott Group Capital Management, L.l.c.	1924 South Utica, Suite 1120 Tulsa OK 74104	No	No	Yes	No
1279880	Gp Fund Master Cap Small Aggressive Group Prescott	1924 South Utica, Suite 1120 Tulsa OK 74104	No	No	Yes	No
1279882	Prescott Group Aggressive Small Cap Ii Lp	1924 South Utica, Suite 1120 Tulsa OK 74104	No	No	Yes	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, Par Value $0.0001 Per Share	Acquisiton	2023-05-10	30,000	$2.61	15,793,291	No	4	P	Indirect	See Footnote

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

Footnotes

The filing of this Form 4 shall not be construed as an admission that Prescott Group Capital Management, L.L.C. ("Prescott Capital") or Phil Frohlich, the managing member of Prescott Capital, is or was for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or otherwise the beneficial owner of any of the Common Stock, par value $0.0001 per share (the "Common Stock"), of Performant Financial Corporation (the "Issuer") held by Prescott Group Aggressive Small Cap Master Fund, G.P. (the "Master Fund") for the accounts of Prescott Group Aggressive Small Cap, L.P. and Prescott Group Aggressive Small Cap II, L.P. (together, the "Small Cap Funds"). Pursuant to Rule 16a-1, both Prescott Capital and Mr. Frohlich disclaim such beneficial ownership.
This Form 4 relates to shares of Common Stock of the Issuer held in the account of the Master Fund, of which the Small Cap Funds are general partners. Prescott Capital serves as the general partner and investment manager of the Small Cap Funds and may direct the Small Cap Funds. The Master Fund holds the shares of Common Stock for the accounts of the Small Cap Funds. Prescott Capital receives a portion of the profits in the way of a capital allocation from, and owns a partnership interest in, the Small Cap Funds. Phil Frohlich reports the Common Stock held indirectly by Prescott Capital because, as the managing member of Prescott Capital at the time of purchase, he controlled the disposition and voting of the securities.