Form 4: PureCycle Technologies Executive Brad Kalter Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Brad Kalter, General Counsel and Secretary of PureCycle Technologies, disposed of 4,566 shares of common stock to cover tax obligations arising from equity awards.
Summary
- On July 8, 2024, Brad Kalter, General Counsel and Secretary of PureCycle Technologies, disposed of 4,566 shares of common stock.
- The transaction was executed to cover tax obligations.
- Following the transaction, Kalter directly owns 172,508 shares of PureCycle Technologies.
- Kalter also indirectly owns 63,200 shares through the Brad S. Kalter and Julie F. Kalter Revocable Trust.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to stock disposal for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their beneficial ownership of company stock, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 07/08/2024 | Date of transaction: Brad Kalter disposed of shares. |
| 07/09/2024 | Date of signature on the Form 4 filing. |
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