Form 4: Wag! Group Co. Executive Adam Storm Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Adam Storm, President & Chief Product Officer of Wag! Group Co., disposed of 62,026 shares to cover income tax obligations related to RSU settlement.
Summary
- On May 19, 2025, Adam Storm, President & Chief Product Officer of Wag! Group Co., disposed of 62,026 shares of common stock.
- The disposal was executed to satisfy income tax and withholding obligations related to the net settlement of Restricted Stock Units (RSUs).
- The price per share for the transaction was $0.14.
- Following the transaction, Adam Storm beneficially owns 1,172,771 shares of Wag! Group Co. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an executive's stock transactions for tax purposes. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/19/2025 | Date of transaction: Adam Storm disposed of shares. |
| 05/20/2025 | Date of signature on the report. |
Keywords
Form 4, Wag! Group Co., Adam Storm, share disposal, RSU settlement, insider trading, beneficial ownership, tax obligations
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