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Form 4 Piedmont Lithium Inc. For: Aug 12 Filed by: Brindle Patrick

August 16, 2022 12:09 PM EDT
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 *
Brindle Patrick
(Last) (First) (Middle)
42 E CATAWBA STREET
(Street)
BELMONT NC 28012
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Piedmont Lithium Inc. [ PLL ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP and COO
3. Date of Earliest Transaction (Month/Day/Year)
08/12/2022
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, par value $0.0001 08/12/2022   M   15,000 A $ 12.38 45,221 D  
Common Stock, par value $0.0001 (1) 08/12/2022   F   2,773 D $ 66.9672 42,448 D  
Common Stock, par value $0.0001 (1) 08/12/2022   S   4,491 D $ 66.9738 (2) 37,957 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 (right to buy) $ 66.9738 08/12/2022   M     15,000 05/18/2021 12/31/2022 Common Stock, par value $0.0001 15,000 $ 0 0 D  
Explanation of Responses:
1. On August 12, 2022, the reporting person exercised, by net exercise, a previously issued stock option to purchase 15,000 shares of common stock of the Issuer. The reporting person paid the exercise price on a cashless basis, resulting in the Issuer withholding 2,773 shares of common stock for payment of the exercise price, based on the fair market value per share of the Issuer's common stock at the time of withholding of $66.9672, and issuing to the reporting person the remaining 12,227 shares of common stock. Additionally, the reporting person sold 4,491 shares of common stock for tax purposes in connection with the exercise of such stock option, resulting in the net acquisition of 7,736 shares of common stock by the reporting person.
2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $66.76 to $67.25 per common share equivalent, inclusive. The reporting person undertakes to provide to Piedmont Lithium Inc., any security holder of Piedmont Lithium Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein to this Form 4.
/s/ Bruce Czachor, Attorney-in-Fact for the reporting person 08/16/2022
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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