Form 4: Wag! Group Co. Chief Marketing Officer Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Patrick McCarthy, Chief Marketing Officer of Wag! Group Co., sold shares to cover tax withholding obligations related to the vesting of restricted stock units.
Summary
- On September 9, 2024, Patrick McCarthy, the Chief Marketing Officer of Wag! Group Co., sold 46,544 shares of common stock.
- The sales were executed to cover tax withholding obligations associated with the vesting of restricted stock units.
- The shares were sold at a weighted average price of $0.72.
- Following the reported transaction, McCarthy beneficially owns 722,605 shares of Wag! Group Co.
- The sales occurred between September 9, 2024, and September 11, 2024, at prices ranging from $0.70 to $0.79.
Sentiment
Score: 5
Explanation: The Form 4 filing indicates a routine transaction to cover tax obligations, which is neither particularly positive nor negative. It's a neutral event related to executive compensation.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among company executives. This transaction is a routine part of executive compensation and tax management.
Key Dates
| Date | Description |
|---|---|
| 09/09/2024 | Date of the earliest transaction reported on the Form 4. |
| 09/09/2024 | Date of common stock sale. |
| 09/10/2024 | Date of common stock sale. |
| 09/11/2024 | Date of common stock sale and signature date of the Form 4. |
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