PSQ Holdings (PSQH) CFO sells 10,682 shares to cover RSU tax bill

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

PSQ Holdings, Inc. Chief Financial Officer Michael Pena reported selling a total of 10,682 shares of Class A Common Stock in three open-market transactions on May 13, 14 and 15, 2026. According to the filing, these shares were sold to cover taxes associated with the settlement of restricted stock units.

The reported weighted average prices were between $0.5858 and $0.718 per share across the three trading days. After these transactions, Pena directly holds 14,317 shares of Class A Common Stock, indicating he retains an equity stake following the tax-related sales.

Insider Trade Summary

Net Seller: 10,682 shares ($6,576)

Net Sell 3 txns

Insider Pena Michael

Role Chief Financial Officer

Sold 10,682 shs ($7K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock, par value $0.0001 per share	4,590	$0.5889	$3K
Sale	Class A Common Stock, par value $0.0001 per share	3,041	$0.6118	$2K
Sale	Class A Common Stock, par value $0.0001 per share	3,051	$0.6595	$2K

Holdings After Transaction: Class A Common Stock, par value $0.0001 per share — 14,317 shares (Direct, null)

Footnotes (1)

The shares were sold to cover taxes associated with the settlement of restricted stock units. Reflects the weighted average price of 3,051 shares of Class A Common Stock sold by the reporting person in multiple transactions on May 13, 2026 with sales prices ranging from $0.613 to $0.718 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price. Reflects the weighted average price of 3,041 shares of Class A Common Stock sold by the reporting person in multiple transactions on May 14, 2026 with sales prices ranging from $0.5871 to $0.6302 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price. Reflects the weighted average price of 4,590 shares of Class A Common Stock sold by the reporting person in multiple transactions on May 15, 2026 with sales prices ranging from $0.5858 to $0.6000 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

Key Figures

Total shares sold: 10,682 shares Shares sold May 13, 2026: 3,051 shares Shares sold May 14, 2026: 3,041 shares +5 more

8 metrics

Total shares sold 10,682 shares Net shares sold across May 13–15, 2026

Shares sold May 13, 2026 3,051 shares Open-market sale at weighted average $0.6595 per share

Shares sold May 14, 2026 3,041 shares Open-market sale at weighted average $0.6118 per share

Shares sold May 15, 2026 4,590 shares Open-market sale at weighted average $0.5889 per share

Post-transaction holdings 14,317 shares Direct Class A Common Stock held after May 15, 2026 sale

Price range May 13, 2026 $0.613–$0.718 per share Multiple trades underlying weighted average $0.6595

Price range May 14, 2026 $0.5871–$0.6302 per share Multiple trades underlying weighted average $0.6118

Price range May 15, 2026 $0.5858–$0.6000 per share Multiple trades underlying weighted average $0.5889

Key Terms

restricted stock units, weighted average price, open-market sale, Class A Common Stock, +1 more

5 terms

restricted stock units financial

"The shares were sold to cover taxes associated with the settlement of restricted stock units."

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.

weighted average price financial

"Reflects the weighted average price of 3,051 shares of Class A Common Stock sold..."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Class A Common Stock financial

"Class A Common Stock, par value $0.0001 per share"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

05/15/2026 - 09:44 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Pena Michael

(Last)

(First)

(Middle)

515 W. ASPEN STREET

SUITE 200C

(Street)

BOZEMAN

MONTANA

59715

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
PSQ Holdings, Inc. [ PSQH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/13/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock, par value $0.0001 per share	05/13/2026		S		3,051⁽¹⁾	D	$0.6595⁽²⁾	21,949	D
Class A Common Stock, par value $0.0001 per share	05/14/2026		S		3,041⁽¹⁾	D	$0.6118⁽³⁾	18,908	D
Class A Common Stock, par value $0.0001 per share	05/15/2026		S		4,590⁽¹⁾	D	$0.5889⁽⁴⁾	14,317	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The shares were sold to cover taxes associated with the settlement of restricted stock units.

2. Reflects the weighted average price of 3,051 shares of Class A Common Stock sold by the reporting person in multiple transactions on May 13, 2026 with sales prices ranging from $0.613 to $0.718 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

3. Reflects the weighted average price of 3,041 shares of Class A Common Stock sold by the reporting person in multiple transactions on May 14, 2026 with sales prices ranging from $0.5871 to $0.6302 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

4. Reflects the weighted average price of 4,590 shares of Class A Common Stock sold by the reporting person in multiple transactions on May 15, 2026 with sales prices ranging from $0.5858 to $0.6000 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

	/s/ James Giudice, Attorney-in-Fact for Michael Pena	05/15/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did PSQH CFO Michael Pena report on this Form 4?

Michael Pena reported selling a total of 10,682 PSQ Holdings Class A shares in three open-market transactions on May 13, 14 and 15, 2026. These sales were disclosed as part of a routine Form 4 insider trading report.

Why did PSQH CFO Michael Pena sell 10,682 shares of company stock?

The filing states the shares were sold to cover taxes associated with the settlement of restricted stock units. This indicates the transactions were tax-related following equity compensation vesting, rather than purely discretionary selling in the open market.

What prices did PSQH CFO Michael Pena receive for the shares he sold?

The reported weighted average prices were around $0.6595 on May 13, $0.6118 on May 14, and $0.5889 on May 15, 2026. Footnotes show individual trade prices ranged from $0.5858 to $0.718 per share across these days.

How many PSQH shares does CFO Michael Pena own after these transactions?

After the reported sales, Michael Pena directly holds 14,317 shares of PSQ Holdings Class A Common Stock. This post-transaction balance reflects his remaining equity stake following the sale of 10,682 shares to cover tax obligations.

Were PSQH CFO Michael Pena’s stock sales executed as open-market transactions?

Yes. Each transaction is coded “S” for sale and described as an open-market or private transaction. The filing also notes weighted average prices with detailed price ranges for multiple trades on each day.