PureCycle (PCT) Officer Moves 42.5K Shares into Kalter Revocable Trust
Rhea-AI Filing Summary
PureCycle Technologies reporting person Brad Kalter, who serves as General Counsel, Chief Compliance Officer and Secretary, disclosed the transfer of 42,500 shares of the issuer's common stock on 08/14/2025. The shares were reported as disposed O) for no consideration and the reporting person lists continued beneficial ownership of 159,679 shares following the transaction. An additional 120,000 shares are reported as indirectly beneficially owned through the Brad S. Kalter and Julie F. Kalter Revocable Trust; the filing states the reporting person is a trustee and a beneficiary and remains the beneficial owner of trust-held securities.
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Insights
TL;DR: Insider transferred shares into a revocable trust and filed Form 4 disclosing continued beneficial ownership.
The filing documents a transfer of 42,500 shares reported with transaction code O and price $0, indicating a transfer for no consideration to a revocable trust. The report also shows 159,679 shares beneficially owned after the transfer and 120,000 shares held indirectly via the Brad S. Kalter and Julie F. Kalter Revocable Trust. From a compliance perspective, the form provides the key disclosure items required under Section 16: reporting person identity, relationship to issuer, transaction date, amount disposed and resulting beneficial ownership. The filing clarifies the reporting person is a trustee and beneficiary of the trust and asserts continued beneficial ownership of the trust securities.
TL;DR: Transaction documents intra-family trust transfer with retained beneficial ownership; disclosure meets Section 16 requirements.
The disclosure identifies Brad Kalter's officer roles and records a no-consideration transfer of 42,500 shares to a revocable trust of which he is trustee and beneficiary. The Form 4 shows the post-transaction direct beneficial ownership and the amount indirectly owned through the trust. The filing includes an attorney-in-fact signature line, indicating delegation of filing execution. For governance review, the document transparently states the nature of indirect ownership and does not indicate sale or external disposition of shares.