Christopher Allen Stratton - May 9, 2022 Form 4 Insider Report for Vertex Energy Inc. (VTNR)

Role: Director
Signature: /s/ Christopher Allen Stratton
Stock symbol: VTNR
Transactions as of: May 9, 2022
Transactions value $: $1
Form type: 4
Date filed: 5/10/2022, 06:44 PM
Previous filing: Jul 12, 2021
Next filing: May 17, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VTNR	Common Stock	Options Exercise	$178K	+60K		$2.96	60K	May 9, 2022	Direct	F1
transaction	VTNR	Common Stock	Tax liability	-$178K	-16.9K	-28.08%	$10.54	43.2K	May 9, 2022	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	VTNR	Stock Option	Options Exercise		-60K	-100%		0	May 9, 2022	Common Stock	60K	$2.96	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Options to purchase 15,000 shares vested on each of September 27, 2014, 2015, 2016 and 2017.
F2	Represents a "net exercise" of outstanding stock options. The reporting person received 43,150 shares of common stock upon the net exercise of options to purchase 60,000 shares of common stock. The Company withheld 16,850 shares of common stock underlying the portion of the option exercised for payment of the exercise price, using the fair market value on May 9, 2022, of $10.54, pursuant to the terms of the Registrant's Amended and Restated 2013 Stock Incentive Plan. Exempt from Section 16 under Rule 16b-3.

Content

Options to purchase 15,000 shares vested on each of September 27, 2014, 2015, 2016 and 2017.

Represents a "net exercise" of outstanding stock options. The reporting person received 43,150 shares of common stock upon the net exercise of options to purchase 60,000 shares of common stock. The Company withheld 16,850 shares of common stock underlying the portion of the option exercised for payment of the exercise price, using the fair market value on May 9, 2022, of $10.54, pursuant to the terms of the Registrant's Amended and Restated 2013 Stock Incentive Plan. Exempt from Section 16 under Rule 16b-3.