Form 4: Wag! Group Co. Executive Adam Storm Exercises Stock Options
SEC Form 4 Filing
Adam Storm, President & Chief Product Officer of Wag! Group Co., exercised stock options to acquire 100,000 shares of common stock at $0.09 per share on June 11, 2024.
Summary
- On June 11, 2024, Adam Storm, the President & Chief Product Officer of Wag! Group Co., exercised stock options.
- This transaction involved the acquisition of 100,000 shares of Wag! Group Co. common stock at a price of $0.09 per share.
- Following the transaction, Storm directly owns 1,348,017 shares of Wag! Group Co. common stock.
- Storm also directly owns 950,183 derivative securities relating to options to purchase shares of Wag! Group Co. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It simply reports a transaction.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the holdings of company insiders.
Stakeholder Impact
- The transaction may have a minor impact on shareholders by slightly increasing the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 06/11/2024 | Date of stock option exercise and acquisition of shares. |
| 01/13/2024 | Options to purchase shares of Wag! Group Co. common stock fully vested. |
| 03/17/2030 | Expiration date of the options to purchase shares of Wag! Group Co. common stock. |
| 06/12/2024 | Date of signature for the Form 4 filing. |
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