Form 4: Wag! Group Co. Chief Marketing Officer Patrick McCarthy Sells Shares to Cover Tax Obligations

Patrick McCarthy, Chief Marketing 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, Patrick McCarthy, the Chief Marketing Officer of Wag! Group Co., sold shares of the company's common stock.
• The sales were executed in two transactions at prices of $0.30 and $0.31 per share.
• A total of 18,580 shares were sold to cover tax withholding obligations associated with the vesting of restricted stock units (RSUs).
• These 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.
• Following the reported transactions, McCarthy directly owns 680,920 shares of Wag! Group Co. common stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sell to cover taxes on vesting RSUs) and does not contain information that would significantly impact investor sentiment positively or negatively.

Management Comments

• The sales reported on this Form 4 represent shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units ('RSUs').
• These sales are 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.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.

Key Dates

Keywords

Form 4, Wag! Group Co., Patrick McCarthy, Chief Marketing Officer, Stock Sale, Tax Withholding, Restricted Stock Units, PET