Form 4: Wag! Group CFO Alec Davidian Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Alec Davidian, CFO of Wag! Group Co., sold shares to cover tax withholding obligations related to the vesting of restricted stock units.
Summary
- On August 19, 2024, Alec Davidian, the Chief Financial Officer of Wag! Group Co., sold shares of common stock to cover tax withholding obligations.
- The sales were executed at prices of $0.85, $0.8, and $0.81 per share.
- A total of 11,948 shares were sold.
- Following the transactions, Davidian directly owns 875,604 shares of Wag! Group Co. common stock.
- Davidian also has indirect ownership through his son and spouse.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (selling shares to cover taxes on vested equity). It's neutral in sentiment as it doesn't inherently indicate positive or negative performance for the company.
Industry Context
Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders. This filing indicates activity related to tax obligations from vested equity.
Key Dates
| Date | Description |
|---|---|
| 08/19/2024 | Date of stock sale transactions |
| 08/20/2024 | Date of signature on the Form 4 filing |
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