STRATTON CHRISTOPHER ALLEN exercised options at VERTEX ENERGY INC.

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 3 exercises

STRATTON CHRISTOPHER ALLEN

Filed: 3/23/2023ACC: 0001839882-23-007385

InsiderSTRATTON CHRISTOPHER ALLENCIK 1470954

→

IssuerVERTEX ENERGY INC.CIK 890447

Director

Since May 2019

-20.63K

Net shares

Net seller

$169.6K

Total sold

Open market trades

0B · 0S

Total transactions

120K acquired · 140.63K disposed

Non-Derivative Transactions6

Common Stock

Direct

M · Option Exercise

+60K

Price / share

$1.26

Trade value

$75.60K

% of position

89.7%

3/16/2023

66.91K→126.91K

Common Stock

Direct

F · Tax Withholding

−9.19K

Price / share

$8.22

Trade value

$75.57K

% of position

7.2%

3/16/2023

126.91K→117.72K

Common Stock

Direct

M · Option Exercise

+45K

Price / share

$1.45

Trade value

$65.25K

% of position

38.2%

3/16/2023

117.72K→162.72K

Common Stock

Direct

F · Tax Withholding

−7.93K

Price / share

$8.22

Trade value

$65.22K

% of position

4.9%

3/16/2023

162.72K→154.79K

Common Stock

Direct

M · Option Exercise

+15K

Price / share

$1.92

Trade value

$28.80K

% of position

9.7%

3/16/2023

154.79K→169.79K

Common Stock

Direct

F · Tax Withholding

−3.50K

Price / share

$8.22

Trade value

$28.79K

% of position

2.1%

3/16/2023

169.79K→166.28K

Total

Net shares

+99.37K

Net value

$79.62

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	3/16/2023	M · Option Exercise	+60K	$1.26	$75.60K	89.7%	66.91K	126.91K
Common Stock Direct	3/16/2023	F · Tax Withholding	−9.19K	$8.22	$75.57K	7.2%	126.91K	117.72K
Common Stock Direct	3/16/2023	M · Option Exercise	+45K	$1.45	$65.25K	38.2%	117.72K	162.72K
Common Stock Direct	3/16/2023	F · Tax Withholding	−7.93K	$8.22	$65.22K	4.9%	162.72K	154.79K
Common Stock Direct	3/16/2023	M · Option Exercise	+15K	$1.92	$28.80K	9.7%	154.79K	169.79K
Common Stock Direct	3/16/2023	F · Tax Withholding	−3.50K	$8.22	$28.79K	2.1%	169.79K	166.28K
Total			+99.37K		$79.62

Derivative Transactions3

Option to Purchase Common Stock

Direct

M · Option Exercise

Converts to

Common Stock

60K shares

−60K

Strike price

1.26

Held after

0.00

Exercisable

—

3/16/2023

Option to Purchase Common Stock

Direct

M · Option Exercise

Converts to

Common Stock

45K shares

−45K

Strike price

1.45

Held after

15K

Exercisable

—

3/16/2023

Option to Purchase Common Stock

Direct

M · Option Exercise

Converts to

Common Stock

15K shares

−15K

Strike price

1.92

Held after

45K

Exercisable

—

3/16/2023

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Option to Purchase Common Stock Direct	Common Stock60K shares	3/16/2023	M · Option Exercise	−60K	1.26	—	0.00
Option to Purchase Common Stock Direct	Common Stock45K shares	3/16/2023	M · Option Exercise	−45K	1.45	—	15K
Option to Purchase Common Stock Direct	Common Stock15K shares	3/16/2023	M · Option Exercise	−15K	1.92	—	45K