Form 4: Wag! Group Co. CFO Exercises Stock Options
SEC Form 4 Filing
Alec Davidian, CFO of Wag! Group Co., exercised stock options to acquire 37,074 shares of common stock at $0.16 per share on May 16, 2024.
Summary
- On May 16, 2024, Alec Davidian, the Chief Financial Officer of Wag! Group Co., exercised stock options.
- This transaction involved the acquisition of 37,074 shares of Wag! Group Co. common stock at a price of $0.16 per share.
- Following the transaction, Davidian directly owns 899,896 shares of Wag! Group Co. common stock.
- Davidian also has indirect ownership of shares through his son and spouse.
- The options exercised were fully vested on January 6, 2023, and expire on March 1, 2031.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction may have a minor dilutive effect on existing shareholders due to the issuance of new shares.
Key Dates
| Date | Description |
|---|---|
| 01/06/2023 | Options to purchase shares of Wag! Group Co. common stock fully vested |
| 05/16/2024 | Date of transaction: CFO exercised stock options |
| 05/17/2024 | Date of signature on the Form 4 filing |
| 03/01/2031 | Expiration date of the options to purchase shares of Wag! Group Co. common stock |
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