Form 4: PureCycle Technologies Executive Brad Kalter Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Brad Kalter, General Counsel, CCO & Secretary of PureCycle Technologies, disposed of 6,562 shares to cover tax liabilities related to vesting equity.
Summary
- On March 22, 2025, Brad Kalter, General Counsel, CCO & Secretary of PureCycle Technologies, disposed of 6,562 shares of common stock to cover tax obligations.
- The shares were surrendered at a price of $7.77 per share.
- Following the transaction, Kalter directly owns 208,245 shares of PureCycle Technologies.
- Kalter also indirectly owns 77,500 shares through the Brad S. Kalter and Julie F. Kalter Revocable Trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This filing indicates a common practice of executives covering tax obligations related to equity compensation.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/22/2025 | Date of transaction: Brad Kalter disposed of shares to cover tax liability. |
| 03/24/2025 | Date of signature on the Form 4 filing. |
Keywords
PureCycle Technologies, Brad Kalter, Form 4, share disposal, tax liability, equity compensation, beneficial ownership
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