4/A: PureCycle Technologies Executive Brad Kalter Amends Form 4 Filing to Correct Transaction Date

Brad Kalter, General Counsel, CCO & Secretary of PureCycle Technologies, amends a previous Form 4 filing to correct the transaction date of a stock disposal related to tax obligations.

Summary

• Brad Kalter, an officer of PureCycle Technologies, Inc., filed an amendment to a Form 4, which reports changes in beneficial ownership of securities.
• The amendment corrects the transaction date from February 22, 2205 to February 21, 2025.
• On February 21, 2025, Kalter disposed of 5,196 shares of common stock at a price of $9.83 to cover tax liabilities associated with the vesting of a grant under the company's 2021 Equity and Incentive Compensation Plan.
• Following the transaction, Kalter directly owns 218,205 shares of PureCycle Technologies common stock.
• Additionally, Kalter has indirect ownership of 77,500 shares through the Brad S. Kalter and Julie F. Kalter Revocable Trust.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing correcting a minor error. It doesn't indicate any significant positive or negative developments for the company, but transparency is generally viewed favorably.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it involves a small number of shares disposed of by an executive to cover tax obligations.

Key Dates

Keywords

Form 4, Amendment, Beneficial Ownership, PureCycle Technologies, PCT, Brad Kalter, Stock Disposal, Tax Liability, Equity Compensation