SCHEDULE: SherpaVentures Divests Entire Wag! Group Co. Stake

SherpaVentures Fund II, LP, its GP, and Scott Stanford have reported a complete divestment of their beneficial ownership in Wag! Group Co. common stock.

Summary

• SherpaVentures Fund II, LP, SherpaVentures Fund II GP, LLC, and Scott Stanford (collectively, the "Reporting Persons") have filed an Amendment No. 2 to Schedule 13G.
• As of September 30, 2025, the Reporting Persons beneficially own 0.00 shares of Wag! Group Co. common stock.
• This represents 0.0% of the class of securities.
• The Reporting Persons expressly disclaim status as a "group" for purposes of this Schedule 13G.
• The filing certifies that the securities were not acquired or held for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 2

Explanation: The complete divestment of all beneficial ownership by SherpaVentures and Scott Stanford indicates a significant loss of confidence or a strategic exit, which is a strong negative signal for the company's stock.

Negatives

• The complete divestment of all beneficial ownership by SherpaVentures Fund II, LP, SherpaVentures Fund II GP, LLC, and Scott Stanford could signal a lack of confidence in Wag! Group Co.'s future prospects or a strategic exit from the investment.

Risks

• Potential negative investor sentiment and downward pressure on Wag! Group Co.'s stock price due to the complete exit of a significant institutional investor.
• Possible implications for future investor relations and the company's ability to attract new institutional capital if other investors perceive this divestment as a negative signal.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: May experience decreased confidence and potential downward pressure on stock price due to the exit of a significant institutional investor.
• Potential Investors: May view the company less favorably, potentially impacting future investment interest and valuation.

Key Dates

Recommendation

The complete divestment of all shares by SherpaVentures and Scott Stanford, as reported in this Schedule 13G Amendment, is a strong negative indicator. Such a move by a sophisticated investor often signals a loss of conviction in the company's future prospects or a belief that the stock is overvalued. This could lead to negative market sentiment and potential downward pressure on the stock price, warranting a 'sell' recommendation for existing holders.

Keywords

Wag! Group Co., WAG, SherpaVentures, Scott Stanford, Schedule 13G, beneficial ownership, divestment, common stock, SEC filing