Form 4: PureCycle Technologies Executive Transfers Shares to Revocable Trust
SEC Form 4
Brad Kalter, General Counsel and Secretary of PureCycle Technologies, transferred 63,200 shares of common stock to a revocable trust on May 14, 2024.
Summary
- On May 14, 2024, Brad Kalter, the General Counsel and Secretary of PureCycle Technologies, transferred 63,200 shares of PCT common stock to the Brad S. Kalter and Julie F. Kalter Revocable Trust.
- The transfer was made for no consideration.
- Following the transaction, Kalter directly owns 177,074 shares.
- Kalter is a trustee of the trust, and he and his immediate family are the sole beneficiaries.
- Kalter remains the beneficial owner of the securities held by the trust.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard SEC filing for an insider transaction. It doesn't indicate positive or negative news about the company.
Industry Context
This is a routine disclosure of insider transactions and doesn't necessarily reflect a change in the company's outlook or performance.
Key Dates
| Date | Description |
|---|---|
| 05/14/2024 | Date of the share transfer to the Brad S. Kalter and Julie F. Kalter Revocable Trust |
| 05/15/2024 | Date of signature on the Form 4 filing |
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