Form 4: PureCycle Technologies CEO Dustin Olson Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Dustin Olson, CEO of PureCycle Technologies, disposed of 1,174 shares to cover tax obligations arising from the vesting of shares granted as part of his employment offer.
Summary
- On September 4, 2024, Dustin Olson, the CEO of PureCycle Technologies, disposed of 1,174 shares of common stock.
- The transaction was executed to cover tax obligations related to the vesting of 2,984 shares out of a total grant of 143,235 shares.
- The shares were disposed of at a price of $5.83 per share.
- Following the transaction, Olson directly owns 1,041,555 shares of PureCycle Technologies.
Sentiment
Score: 6
Explanation: The document is a routine SEC filing related to share disposal for tax purposes, which is neutral in sentiment. It doesn't indicate any significant positive or negative developments for the company.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes and does not indicate a change in the CEO's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 09/04/2024 | Date of the share disposal transaction. |
| 09/05/2024 | Date of signature by attorney-in-fact. |
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