Form 4: Wag! Group CEO Garrett Smallwood Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Wag! Group CEO Garrett Smallwood sold shares to cover tax withholding obligations related to the vesting of restricted stock units.
Summary
- On September 9, 2024, September 10, 2024, and September 11, 2024, Garrett Smallwood, CEO of Wag! Group Co., sold 51,714 shares of common stock at a weighted average price of $0.72.
- The sales were mandated by the issuer to cover tax withholding obligations related to the vesting of restricted stock units (RSUs).
- Following the reported transactions, Smallwood directly owns 1,071,319 shares of Wag! Group Co. common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing a stock sale to cover tax obligations, which is a neutral event.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The sale of shares to cover tax obligations is a common practice.
Stakeholder Impact
- The sale of shares by the CEO could have a minor impact on shareholders, potentially causing a slight decrease in share price due to increased supply.
Key Dates
| Date | Description |
|---|---|
| 09/09/2024 | Date of the earliest transaction reported: sale of common stock. |
| 09/11/2024 | Date of signature on the Form 4 filing. |
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