PureCycle Technologies (PCT) sees insider buy by Sylebra Capital
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sylebra Capital LLC, a director and 10% owner of PureCycle Technologies, Inc., reported an indirect open-market purchase of 16,622 shares of Common Stock on May 12, 2026. After this transaction, affiliated investment entities associated with Sylebra report holding 34,113,545 shares in total.
The holdings are largely through affiliated investment entities for which Sylebra entities act as advisers. Separate restricted stock units referenced in the footnotes were granted to Daniel Patrick Gibson under PureCycle’s 2021 long-term incentive plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Net Buy
1 txn
Insider
SYLEBRA CAPITAL LLC
Role
null
Bought
16,622 shs ($0.00)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 16,622 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 34,113,545 shares (Indirect, See Footnotes)
Footnotes (1)
- (1) Consists of 35,971 shares of Common Stock of the Issuer subject to restricted stock units held directly by Daniel Patrick Gibson (Gibson). The remaining shares of Common Stock of the Issuer are held by the Affiliated Investment Entities. Sylebra Capital Limited (Sylebra HK) and Sylebra Capital LLC (Sylebra US) are the investment sub-advisers to Sylebra Capital Partners Master Fund, Ltd. (SCP MF), Sylebra Capital Menlo Master Fund (MENLO MF), and other advisory clients. SCP MF, MENLO MF and other advisory clients are referred to collectively as the Affiliated Investment Entities. (2) Sylebra Capital Management (Sylebra Cayman) is the investment manager and parent of Sylebra HK. Sylebra Cayman owns 100% of the shares of Sylebra HK, and Gibson owns 100% of the Class A shares of Sylebra Cayman and 100% of the membership interests of Sylebra US. Gibson is a founder, and the Chief Investment Officer, of Sylebra Cayman. In such capacities, Sylebra HK, Sylebra US, Sylebra Cayman and Gibson may be deemed to share voting and dispositive power over the securities of the Issuer held by the Affiliated Investment Entities. Sylebra HK, Sylebra US, Sylebra Cayman, and Gibson disclaim beneficial ownership of the shares of Common Stock of the Issuer held by the Affiliated Investment Entities, and this report shall not be deemed an admission that Sylebra HK, Sylebra US, Sylebra Cayman, and Gibson are the beneficial owners of the shares of Common Stock held by the Affiliated Investment Entities, except to the extent of their pecuniary interest, if any, therein. (3) The shares of Common Stock of the Issuer are subject to restricted stock units which represent a contingent right to receive one share of Common Stock of the Issuer. The restricted stock units were granted to Gibson pursuant to the 2021 long-term incentive plan of the Issuer and will vest on the earlier of (a) the one-year anniversary of the date of grant and (b) the date of the regular annual meeting of stockholders of the Issuer which occurs in the calendar year following the calendar year in which the date of grant occurs.
Key Figures
Shares purchased: 16,622 shares
Total shares after transaction: 34,113,545 shares
Net buy shares: 16,622 shares
+1 more
4 metrics
Shares purchased
16,622 shares
Open-market purchase on May 12, 2026
Total shares after transaction
34,113,545 shares
Indirect holdings by affiliated investment entities after purchase
Net buy shares
16,622 shares
Net change in reported position from this Form 4
RSUs held by Gibson
35,971 units
Restricted stock units granted under 2021 long-term incentive plan
Key Terms
restricted stock units, Affiliated Investment Entities, investment sub-advisers, beneficial ownership, +2 more
6 terms
restricted stock units financial
"Consists of 35,971 shares of Common Stock of the Issuer subject to restricted stock units held directly by Daniel Patrick Gibson"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Affiliated Investment Entities financial
"SCP MF, MENLO MF and other advisory clients are referred to collectively as the Affiliated Investment Entities"
investment sub-advisers financial
"Sylebra Capital Limited (Sylebra HK) and Sylebra Capital LLC (Sylebra US) are the investment sub-advisers to Sylebra Capital Partners Master Fund"
beneficial ownership financial
"Sylebra HK, Sylebra US, Sylebra Cayman, and Gibson disclaim beneficial ownership of the shares of Common Stock"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
voting and dispositive power financial
"may be deemed to share voting and dispositive power over the securities of the Issuer held by the Affiliated Investment Entities"
long-term incentive plan financial
"The restricted stock units were granted to Gibson pursuant to the 2021 long-term incentive plan of the Issuer"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
FAQ
What insider transaction did Sylebra Capital LLC report for PureCycle Technologies (PCT)?
Sylebra Capital LLC reported an indirect open-market purchase of 16,622 PureCycle Technologies common shares on May 12, 2026. The shares are held through affiliated investment entities for which Sylebra-related entities act as investment sub-advisers and may share voting and dispositive power.
Is the PureCycle Technologies (PCT) purchase by Sylebra Capital LLC direct or indirect ownership?
The 16,622 PureCycle Technologies shares were acquired as indirect ownership, held by affiliated investment entities. Sylebra Capital entities act as investment sub-advisers and may share voting and dispositive power, while disclaiming beneficial ownership except to the extent of any pecuniary interest.
What do the footnotes say about Daniel Patrick Gibson’s interest in PureCycle Technologies (PCT)?
Footnotes explain that 35,971 PureCycle shares are subject to restricted stock units held directly by Daniel Patrick Gibson. These units were granted under the 2021 long-term incentive plan and vest on the earlier of one year from grant or the next regular annual stockholders’ meeting.
Who are the affiliated investment entities mentioned in the PureCycle Technologies (PCT) Form 4?
The filing states that Sylebra Capital Limited and Sylebra Capital LLC act as investment sub-advisers to Sylebra Capital Partners Master Fund, Sylebra Capital Menlo Master Fund, and other advisory clients. These funds and clients are collectively described as the affiliated investment entities holding PureCycle shares.