PureCycle (PCT) Officer Reports 2,830-Share Tax Surrender; Trust Holds 120,000 Shares
Rhea-AI Filing Summary
PureCycle Technologies insider reported a tax-related share surrender and existing indirect ownership via a family trust. Director and officer Brad S. Kalter disposed of 2,830 shares of Common Stock on 09/23/2025 at $13.90 per share to cover tax withholding related to the vesting of an equity grant. After the transaction, Mr. Kalter directly beneficially owns 156,849 shares. The filing also discloses an indirect holding of 120,000 shares held by the Brad S. Kalter and Julie F. Kalter Revocable Trust. The Form 4 was signed by an attorney-in-fact on 09/24/2025.
Positive
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Insights
TL;DR Insider surrendered shares to cover taxes on vested awards; maintains significant direct and indirect holdings.
The reported disposition of 2,830 shares appears solely to satisfy tax withholding obligations arising from the vesting of a compensation grant under the company equity plan. This is a routine, non-cash-for-value transaction that does not indicate a change in the officers investment stance. Post-transaction direct beneficial ownership remains at 156,849 shares and the filing discloses an additional 120,000 shares held indirectly through a revocable trust, which together represent the officers continued economic interest in the company. No derivative transactions or other dispositions are reported.
TL;DR Transaction is administrative and immaterial to company capital structure; investor impact is limited.
The 2,830-share surrender at $13.90 per share was executed to cover tax liabilities tied to equity vesting. Such surrender transactions are common following awards and typically do not reflect a deliberate sale for liquidity or informational value. The disclosure of 120,000 shares held by the revocable trust clarifies indirect ownership lines but does not change outstanding share count or signal material insider selling. Overall, the filing is informational and unlikely to move market perceptions.