Form 4: PureCycle Technologies CEO Dustin Olson Reports Tax-Related Stock Transaction
SEC Form 4 Filing
Dustin Olson, CEO of PureCycle Technologies, reports a transaction involving the withholding of shares to cover taxes upon vesting.
Summary
- On June 4, 2024, Dustin Olson, the CEO of PureCycle Technologies, engaged in a transaction where 727 shares of common stock were disposed of to cover tax obligations.
- The shares were withheld to pay taxes due upon the vesting of 2,984 shares granted in connection with Olson's employment offer.
- The transaction was executed at a price of $5.24 per share.
- Following the transaction, Olson beneficially owns 1,070,954 shares of PureCycle Technologies common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding a stock transaction for tax purposes, indicating a neutral sentiment.
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 direct impact on stakeholders, as it is a routine tax-related stock disposal by the CEO.
Key Dates
| Date | Description |
|---|---|
| 06/04/2024 | Date of the stock transaction (disposal of shares for tax withholding). |
| 06/05/2024 | Date of signature by attorney-in-fact. |
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