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 4,939 shares of common stock to cover tax obligations.
Summary
- On March 22, 2024, Brad Kalter, the General Counsel and Secretary of PureCycle Technologies, disposed of 4,939 shares of common stock.
- The transaction was executed at a price of $6.07 per share.
- Following the transaction, Kalter directly owns 240,274 shares of PureCycle Technologies.
- The disposal was related to covering tax obligations.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't convey any specific positive or negative sentiment about the company's performance or prospects.
Industry Context
This is a routine Form 4 filing, indicating a change in beneficial ownership by a company insider. Such filings are common and provide transparency into insider transactions.
Stakeholder Impact
- The disposal of shares by an executive could be perceived negatively by some shareholders, although it is a relatively small transaction and is stated to be for tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/22/2024 | Date of transaction: Brad Kalter disposed of shares. |
| 03/26/2024 | Date of signature on the Form 4 filing. |
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