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 2,141 shares to cover tax liabilities related to vesting equity.
Summary
- On May 20, 2025, Dustin Olson, the CEO of PureCycle Technologies, disposed of 2,141 shares of common stock to cover tax obligations.
- The shares were surrendered to cover tax liability associated with the vesting of a grant under the PureCycle Technologies, Inc. 2021 Equity and Incentive Compensation Plan.
- The transaction was executed at a price of $8.76 per share.
- Following the transaction, Olson directly owns 1,125,425 shares of PureCycle Technologies.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a share disposal for tax purposes, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small percentage of the CEO's total holdings.
Key Dates
| Date | Description |
|---|---|
| 05/20/2025 | Date of share disposal transaction |
| 05/22/2025 | Date of signature on the Form 4 filing |
Keywords
PureCycle Technologies, Dustin Olson, Form 4, share disposal, tax liability, equity vesting, PCT, CEO
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.