Form 4: Sylebra Capital and Director Gibson Report Acquisition of PureCycle Technologies Convertible Preferred Stock

Sylebra Capital LLC and Director Daniel Patrick Gibson have reported the acquisition of 40,000 shares of Series B Convertible Preferred Stock in PureCycle Technologies, Inc. on June 20, 2025.

Summary

• Sylebra Capital LLC and Daniel Patrick Gibson, both identified as 10% owners and directors of PureCycle Technologies, Inc. (PCT), filed a Form 4.
• The filing reports the acquisition of 40,000 shares of Series B Convertible Preferred Stock.
• The transaction date for this acquisition was June 20, 2025.
• The Series B Convertible Preferred Stock has a conversion price of $14.02 per share.
• Each share of Series B Convertible Preferred Stock is valued at $1,000 plus in-kind and accrued dividends for conversion purposes.
• The Series B Convertible Preferred Stock is perpetual and does not have an expiration date.
• Sylebra Capital Limited (Sylebra HK), Sylebra Capital LLC (Sylebra US), Sylebra Capital Management (Sylebra Cayman), and Daniel Patrick Gibson may be deemed to share voting and dispositive power over these securities.
• The reporting persons disclaim beneficial ownership of these securities, except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a factual regulatory filing (Form 4) reporting an acquisition of securities by insiders. It does not contain subjective language or performance data to indicate positive or negative sentiment, thus it is neutral.

Future Outlook

NA

Industry Context

This filing is a standard regulatory disclosure of insider ownership changes and does not provide broader industry context.

Related Party Transactions

• The filing details the relationship between Sylebra Capital entities (Sylebra HK, Sylebra US, Sylebra Cayman) and Daniel Patrick Gibson, noting Gibson's ownership and role within Sylebra, and how they may be deemed to share voting and dispositive power over the reported securities. This clarifies the beneficial ownership structure among related entities and individuals.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant ownership stakes by directors and major investors, which can influence market perception and share price.

Key Dates

Keywords

SEC Form 4, Beneficial Ownership, PureCycle Technologies, PCT, Sylebra Capital, Daniel Patrick Gibson, Convertible Preferred Stock, Insider Trading, Equity Securities