Form 4: Wag! Group Co. CFO Alec Davidian Reports Tax-Related Share Withholding
SEC Form 4 Filing
Alec Davidian, CFO of Wag! Group Co., reports the withholding of shares to cover income tax obligations related to the settlement of Restricted Stock Units (RSUs).
Summary
- On May 19, 2025, Alec Davidian, the Chief Financial Officer of Wag! Group Co. (PET), had 67,237 shares of common stock withheld by the issuer to satisfy income tax obligations related to the net settlement of RSUs.
- The shares were withheld at a price of $0.14 per share.
- Following the transaction, Davidian directly owns 728,734 shares of Wag! Group Co. common stock.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices and does not inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transaction has a minor impact on the total number of outstanding shares, but is unlikely to significantly affect shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/19/2025 | Date of transaction where shares were withheld to cover income tax obligations. |
| 05/20/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Wag! Group Co., PET, Alec Davidian, CFO, Chief Financial Officer, Share Withholding, RSU, Restricted Stock Units, Beneficial Ownership, Tax Obligations
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