Form 4: PureCycle Executive Sells Shares for Tax Obligations
Insider Transaction Report
PureCycle Technologies' General Counsel, Brad Kalter, surrendered shares to cover tax obligations related to vested equity grants.
Summary
- Brad Kalter, General Counsel, Chief Compliance Officer, and Secretary of PureCycle Technologies, Inc. (PCT), reported transactions on a Form 4 filing.
- On February 20, 2026, Kalter disposed of 2,841 shares of common stock at a price of $8.99 per share.
- On February 21, 2026, an additional 4,908 shares of common stock were disposed of at the same price of $8.99 per share.
- These dispositions represent shares surrendered to cover tax liability associated with the vesting of an equity grant under the PureCycle Technologies, Inc. 2021 Equity and Incentive Compensation Plan.
- Following these transactions, Kalter directly beneficially owns 183,680 shares of common stock and indirectly owns 120,000 shares through the Brad S. Kalter and Julie F. Kalter Revocable Trust.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this filing as neutral. It reports a routine insider transaction for tax purposes and does not indicate any material change in the company's operational or financial standing.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
StockSavvy.ai notes that tax-related share dispositions by executives are a common and routine occurrence when equity awards vest. This type of transaction typically reflects the executive's obligation to cover income tax liabilities arising from the vesting of restricted stock units or similar equity compensation, rather than a discretionary sale based on market sentiment.
Stakeholder Impact
- Shareholders: Minimal impact, as this is a routine tax-related transaction by an executive and does not reflect a change in company fundamentals or a discretionary sale.
Key Dates
| Date | Description |
|---|---|
| 02/20/2026 | Date of disposition of 2,841 shares for tax liability. |
| 02/21/2026 | Date of disposition of 4,908 shares for tax liability. |
| 02/23/2026 | Date the Form 4 was filed. |
Keywords
PureCycle Technologies, PCT, Brad Kalter, Form 4, Insider Transaction, Equity Compensation, Tax Withholding, Common Stock
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