Form 4: Wag! Group Co. Chief Customer Officer David Cane Reports Stock Sales to Cover Tax Obligations

David Cane, Chief Customer Officer of Wag! Group Co., sold shares of common stock on February 19, 2025, to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

• On February 19, 2025, David Cane, the Chief Customer Officer of Wag! Group Co., reported the sale of company stock.
• The sales were executed in two transactions at prices of $0.3 and $0.31 per share.
• A total of 13,760 shares were sold at $0.3 and 1,088 shares were sold at $0.31.
• These sales were conducted to cover tax withholding obligations associated with the vesting of restricted stock units (RSUs).
• Following these transactions, Cane directly owns 526,850 shares of Wag! Group Co. common stock.
• The sales were mandated by the issuer's election under incentive plans to require the satisfaction of tax withholding obligations to be funded by a 'sell to cover' transaction and do not represent discretionary trades by the Reporting Person.

Sentiment

Score: 5

Explanation: The document reports routine stock sales to cover tax obligations, which is a neutral event.

Stakeholder Impact

• The stock sales may have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be minimal given the relatively small number of shares sold.

Key Dates

Keywords

Form 4, Wag! Group Co., David Cane, Chief Customer Officer, Stock Sale, Tax Withholding, Restricted Stock Units, PET