CFO James Rinn accelerates RSUs in PSQ Holdings (NYSE: PSQH) exit
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
PSQ Holdings, Inc. disclosed the severance terms for Chief Financial Officer James Rinn, who previously notified the company of his resignation effective April 30, 2026. In connection with his departure, the company and Mr. Rinn entered into a Severance Agreement and General Release effective April 30, 2026.
Under this agreement, 83,333 of 250,000 restricted stock units granted on July 11, 2025 that were scheduled to vest on June 1, 2026 instead vested on April 30, 2026, while the remaining 166,667 unvested RSUs were forfeited. Mr. Rinn also provides a general release in favor of the company and agrees to continue honoring his existing Non-Competition and Non-Solicitation Agreement, including not soliciting company personnel or competing with the company for one year after his separation.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Accelerated RSUs: 83,333 RSUs
Original RSU grant: 250,000 RSUs
Forfeited RSUs: 166,667 RSUs
+3 more
6 metrics
Accelerated RSUs
83,333 RSUs
Portion of 250,000 RSUs that vested April 30, 2026
Original RSU grant
250,000 RSUs
Granted to CFO on July 11, 2025, due to vest June 1, 2026
Forfeited RSUs
166,667 RSUs
Unvested RSUs forfeited under Severance Agreement
Non-compete duration
1 year
Post-separation period for non-compete and non-solicitation
Warrant exercise price
$11.50 per share
Exercise price of each redeemable warrant for Class A common stock
Common stock par value
$0.0001 per share
Par value of PSQ Holdings Class A common stock
Key Terms
restricted stock units, Severance Agreement and General Release, Non-Competition and Non-Solicitation Agreement, emerging growth company, +1 more
5 terms
restricted stock units financial
"250,000 restricted stock units (“RSUs”) granted to Mr. Rinn on July 11, 2025"
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.
Severance Agreement and General Release financial
"entered into a Severance Agreement and General Release (the “Severance Agreement”)"
Non-Competition and Non-Solicitation Agreement financial
"restrictive covenants in his Non-Competition and Non-Solicitation Agreement with the Company"
emerging growth company regulatory
"Emerging growth company x"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
redeemable warrants financial
"Redeemable warrants, each whole warrant exercisable for one share"
A redeemable warrant is a tradable right that lets its holder buy a company’s shares at a fixed price before a set date, but the issuer has the contract power to cancel (redeem) the warrant early under agreed terms. For investors this matters because early redemption can force decision-making, change the timing of when new shares might be created, and affect potential gains or dilution—much like a store coupon that the issuer can cancel by paying you off instead of letting you use it.
FAQ
What did PSQ Holdings (PSQH) disclose about CFO James Rinn’s departure?
PSQ Holdings disclosed that CFO James Rinn resigned effective April 30, 2026 and entered into a Severance Agreement and General Release. The agreement addresses accelerated vesting and forfeiture of restricted stock units and confirms his ongoing non-compete and non-solicitation obligations for one year.
How many PSQ Holdings RSUs vested and were forfeited under James Rinn’s severance?
Under the Severance Agreement, 83,333 of the 250,000 RSUs granted to James Rinn vested on April 30, 2026. The remaining 166,667 unvested RSUs that had been scheduled to vest on June 1, 2026 were forfeited in connection with his resignation.
What are the non-compete and non-solicitation terms for PSQH’s departing CFO?
James Rinn agreed to continue abiding by his existing Non-Competition and Non-Solicitation Agreement. He may not solicit PSQ Holdings’ employees, consultants or independent contractors, and may not compete with the company, for a period of one year following his separation from the company.
When were James Rinn’s PSQ Holdings RSUs originally scheduled to vest?
The 250,000 restricted stock units granted to James Rinn on July 11, 2025 were originally due to vest on June 1, 2026. Under the Severance Agreement, 83,333 of those RSUs instead vested earlier, on April 30, 2026, with the balance forfeited.
What is the nature of the Severance Agreement between PSQ Holdings and James Rinn?
The Severance Agreement and General Release provides for partial acceleration of James Rinn’s RSUs, forfeiture of the remainder, and a general release in favor of PSQ Holdings. It also confirms that he will honor existing restrictive covenants regarding competition and solicitation for one year after leaving.
What securities of PSQ Holdings (PSQH) are listed on the New York Stock Exchange?
PSQ Holdings lists its Class A common stock, par value $0.0001 per share, under the symbol PSQH. It also lists redeemable warrants, each exercisable for one share of Class A common stock at an exercise price of $11.50, under the symbol PSQH.WS.