Richard Grondin Form 4 PERMA FIX ENVIRONMENTAL SERVICES / Richard Grondin ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Grondin Richard

(Last) (First) (Middle)

8302 DUNWOODY PLACE, SUITE 250

(Street)

ATLANTA, GA 30350

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PERMA FIX ENVIRONMENTAL SERVICES INC [ PESI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
EVP of Waste Treatment Ops

3. Date of Earliest Transaction (Month/Day/Year)
03/26/2024

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/26/2024		M		2,000(1)	A	$3.15	21,427	D
Common Stock	03/26/2024		F		545(1)	D	$11.57	20,882	D
Common Stock	03/26/2024		M		10,000(2)	A	$7.005	30,882	D
Common Stock	03/26/2024		F		6,054(2)	D	$11.57	24,828	D
Common Stock	03/26/2024		M		6,000(3)	A	$3.95	30,828	D
Common Stock	03/26/2024		F		2,048(3)	D	$11.57	28,780	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option	$3.15	03/26/2024		M			2,000(1)	(4)	01/17/2025	Common Stock	2,000	$0	0(1)	D
Stock Option	$7.005	03/26/2024		M			10,000(2)	(5)	10/14/2027	Common Stock	10,000	$0	15,000	D
Stock Option	$3.95	03/26/2024		M			6,000(3)	(6)	01/19/2029	Common Stock	6,000	$0	24,000	D

Explanation of Responses:

1. On March 26, 2024, the Reporting Person exercised the incentive stock option granted 1/17/2019 under the Company's 2017 Stock Option Plan (the "2017 Plan") for the purchase of the remaining 2,000 shares of the 10,000 shares of the Company's Common Stock at an exercise price of $3.15 per share (the "Option shares"). As permitted by the 2017 Plan, the Reporting Person elected to pay the exercise price of the Option Shares by having the Company withhold from the Option Shares a number of shares having a fair market value equal to the aggregate exercise price of $6,300. Since the fair market value of the Company's Common Stock on March 26, 2024 (as determined in accordance with the 2017 Plan) was $11.57 per share, the Company withheld 545 shares of Common Stock ($6,300 divided by $11.57) to pay the aggregate exercise price of the option.

2. On March 26, 2024, the Reporting Person exercised the incentive stock option granted 10/14/2021 under the Company's 2017 Stock Option Plan (the "2017 Plan") for the purchase of 10,000 of the 25,000 shares of the Company's Common Stock at an exercise price of $7.005 per share (the "Option shares"). As permitted by the 2017 Plan, the Reporting Person elected to pay the exercise price of the Option Shares by having the Company withhold from the Option Shares a number of shares having a fair market value equal to the aggregate exercise price of $70,050. Since the fair market value of the Company's Common Stock on March 26, 2024 (as determined in accordance with the 2017 Plan) was $11.57 per share, the Company withheld 6,054 shares of Common Stock ($70,050 divided by $11.57) to pay the aggregate exercise price of the option.

3. On March 26, 2024, the Reporting Person exercised the incentive stock option granted 1/19/2023 under the Company's 2017 Stock Option Plan (the "2017 Plan") for the purchase of 6,000 of the 30,000 shares of the Company's Common Stock at an exercise price of $3.95 per share (the "Option shares"). As permitted by the 2017 Plan, the Reporting Person elected to pay the exercise price of the Option Shares by having the Company withhold from the Option Shares a number of shares having a fair market value equal to the aggregate exercise price of $23,700. Since the fair market value of the Company's Common Stock on March 26, 2024 (as determined in accordance with the 2017 Plan) was $11.57 per share, the Company withheld 2,048 shares of Common Stock ($23,700 divided by $11.57) to pay the aggregate exercise price of the option.

4. Incentive Stock Option granted 01/17/2019 under the Company's 2017 Stock Option Plan. The Option is for a 6 year period and vests over a 5 year period, at 1/5 increment per year.

5. Incentive stock option granted 10/14/2021 under the Company's 2017 Stock Option Plan. The option is for a 6 year period and vests over a 5 year period, at 1/5 increment per year.

6. Incentive stock option granted 01/19/2023 under the Company's 2017 Stock Option Plan. The option is for a 6 year period and vests over a 5 year period, at 1/5 increment per year.

	/s/ Richard Grondin	03/27/2024
	** Signature of Reporting Person	Date
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