Form 4: PureCycle Technologies CEO Dustin Olson Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Dustin Olson, CEO of PureCycle Technologies, disposed of 727 shares of common stock on May 4, 2024, to cover tax obligations arising from the vesting of shares granted in connection with his employment offer.
Summary
- On May 4, 2024, Dustin Olson, the CEO of PureCycle Technologies, disposed of 727 shares of common stock.
- The transaction was executed to cover tax obligations related to the vesting of 2,984 shares out of a total of 143,235 shares granted as part of his employment offer.
- The shares were sold at a price of $5.34 per share.
- Following the transaction, Olson still beneficially owns 1,073,006 shares of PureCycle Technologies.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction to cover tax obligations, not indicative of a major shift in the company's prospects or management's confidence.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It doesn't necessarily reflect a change in the executive's confidence in the company.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/04/2024 | Date of the stock transaction. |
| 05/06/2024 | Date of signature on the Form 4 filing. |
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