Benjamin P. Cowart - Apr 11, 2023 Form 4 Insider Report for Vertex Energy Inc. (VTNR)

Role: CEO and President, Director, 10%+ Owner
Signature: /s/ Benjamin P. Cowart
Stock symbol: VTNR
Transactions as of: Apr 11, 2023
Transactions value $: -$552,669
Form type: 4
Date filed: 4/12/2023, 05:15 PM
Previous filing: Mar 22, 2023
Next filing: Apr 20, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VTNR	Common Stock	Sale	-$553K	-66.7K	-1.19%	$8.29	5.52M	Apr 11, 2023	Through B&S Cowart II Family LP	F1
holding	VTNR	Common Stock						429K	Apr 11, 2023	Direct
holding	VTNR	Common Stock						174K	Apr 11, 2023	Through spouse
holding	VTNR	Common Stock						70.2K	Apr 11, 2023	Through The Shelley T. Cowart 2016 Grantor Retained Annuity Trust
holding	VTNR	Common Stock						7.5K	Apr 11, 2023	Through Vertex Holdings, LP
holding	VTNR	Common Stock						101K	Apr 11, 2023	Through VTX Inc.

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id	Content
F1	This transaction was executed in multiple trades at prices ranging from $8.96 to $8.83374, inclusive. The price reported above reflects the weighted average sales price. The Reporting Person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected. The sales reported on this Form 4 were effectuated pursuant to a Rule 10b5-1 trading plan adopted by B&S Cowart II Family LP on June 6, 2022.

Content

This transaction was executed in multiple trades at prices ranging from $8.96 to $8.83374, inclusive. The price reported above reflects the weighted average sales price. The Reporting Person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected. The sales reported on this Form 4 were effectuated pursuant to a Rule 10b5-1 trading plan adopted by B&S Cowart II Family LP on June 6, 2022.

Remarks:

Mr. Cowart disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein.