Form 4: PureCycle Technologies Executive Transfers Shares to Revocable Trust
SEC Form 4 Filing
Brad Kalter, General Counsel and Secretary of PureCycle Technologies, transferred 14,300 shares of common stock to a revocable trust on August 13, 2024.
Summary
- On August 13, 2024, Brad Kalter, the General Counsel and Secretary of PureCycle Technologies, Inc. (PCT), reported a change in beneficial ownership of the company's common stock.
- He transferred 14,300 shares of PCT common stock to the Brad S. Kalter and Julie F. Kalter Revocable Trust for no consideration.
- Following the transaction, Mr. Kalter directly owns 158,208 shares.
- Additionally, 77,500 shares are indirectly owned through the Brad S. Kalter and Julie F. Kalter Revocable Trust.
- Mr. Kalter is a trustee and beneficiary of the trust, and therefore remains the beneficial owner of the securities held by the trust.
Sentiment
Score: 5
Explanation: This is a neutral transaction involving the transfer of shares to a trust, with no inherent positive or negative implications for the company's performance.
Industry Context
This is a routine disclosure related to executive stock ownership and doesn't necessarily reflect a strategic shift for PureCycle Technologies.
Key Dates
| Date | Description |
|---|---|
| 08/13/2024 | Date of the share transfer to the Brad S. Kalter and Julie F. Kalter Revocable Trust |
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