Form 4: Wag! Group Co. Chief Marketing Officer Sells Shares to Cover Tax Obligations
SEC Form 4
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 August 19, 2024, Patrick McCarthy, the Chief Marketing Officer of Wag! Group Co. [PET], sold 11,130 shares of common stock at $0.85 per share and 818 shares at $0.81 per share.
- These sales were executed to cover tax withholding obligations associated with the vesting of restricted stock units (RSUs).
- Following these transactions, McCarthy directly owns 769,149 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 describes a routine transaction (sell to cover taxes) and doesn't indicate any significant positive or negative sentiment.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among company executives.
Key Dates
| Date | Description |
|---|---|
| 08/19/2024 | Date of the stock sale transactions. |
| 08/20/2024 | Date of signature on the Form 4 filing. |
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