PureCycle (PCT) counsel surrenders 6,562 shares to cover equity grant taxes
Rhea-AI Filing Summary
PureCycle Technologies, Inc. General Counsel, CCO & Secretary Brad Kalter reported a tax-related share disposition. He surrendered 6,562 shares of Common Stock on March 22, 2026 to cover tax liability tied to the vesting of an equity grant under the 2021 Equity and Incentive Compensation Plan, rather than selling shares in the open market.
After this withholding, he continues to hold 183,327 Common Stock shares directly and 120,000 shares indirectly through the “Brad S. Kalter and Julie F. Kalter Revocable Trust,” indicating the transaction was a routine compensation and tax event rather than a change in investment stance.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 6,562 shares
Net Sell
2 txns
Insider
Kalter Brad
Role
General Counsel, CCO & Scty.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 6,562 | $5.79 | $38K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 183,327 shares (Direct);
Common Stock — 120,000 shares (Indirect, Brad S. Kalter and Julie F. Kalter Revocable Trust)
Footnotes (1)
- F1. Represents shares surrendered by the Reporting Person to cover tax liability associated with the vesting of a grant to the Reporting Person pursuant to the PureCycle Technologies, Inc. 2021 Equity and Incentive Compensation Plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did PureCycle Technologies (PCT) report for Brad Kalter?
PureCycle reported that General Counsel Brad Kalter surrendered 6,562 Common Stock shares on March 22, 2026. The shares were used to cover tax liability from the vesting of an equity grant under the company’s 2021 Equity and Incentive Compensation Plan.
Was the March 22, 2026 PureCycle (PCT) insider transaction an open-market sale?
No, the 6,562 shares were not sold in the open market. They were surrendered by Brad Kalter to satisfy tax obligations associated with a vesting equity award, as described in the filing’s footnote, making it a tax-withholding disposition.
What does the transaction code F mean in the PureCycle (PCT) Form 4 for Brad Kalter?
Transaction code F indicates a tax-withholding disposition. In this case, 6,562 shares of PureCycle Common Stock were surrendered by Brad Kalter to pay tax liabilities associated with the vesting of an equity grant, not as a discretionary stock sale.