Form 4: PureCycle Technologies CEO Dustin Olson Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Dustin Olson, CEO of PureCycle Technologies, sold 25,249 shares of common stock on March 22, 2025, to cover tax liabilities associated with vesting equity.
Summary
- On March 22, 2025, Dustin Olson, the CEO of PureCycle Technologies, sold 25,249 shares of the company's common stock.
- The sale was executed at a price of $7.77 per share.
- This transaction was conducted to cover tax obligations arising from the vesting of an equity grant under the PureCycle Technologies, Inc. 2021 Equity and Incentive Compensation Plan.
- Following the transaction, Olson directly owns 1,127,566 shares of PureCycle Technologies.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it's neutral in sentiment.
Industry Context
Sales of shares to cover tax obligations upon vesting are a routine practice among executives of publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 03/22/2025 | Date of transaction: Dustin Olson sold shares of PureCycle Technologies. |
| 03/24/2025 | Date of signature for the Form 4 filing. |
Keywords
PureCycle Technologies, Dustin Olson, Form 4, SEC Filing, Stock Sale, Equity Vesting, Tax Liability, PCT
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