Patrick McCarthy - 09 Aug 2022 Form 3 Insider Report for Wag! Group Co. (PET)

Reporting relationship: Chief Marketing Officer
Issuer ticker: PET
Reported as of: 09 Aug 2022
Net transaction value: $0
SEC form: 3
Accepted by SEC: 09 Aug 2022, 19:16:18 UTC
Next SEC filing: 05 Dec 2022
Source filing: View source filing
Reporting owner signature: /s/ Patrick McCarthy

Key filing fact

Patrick McCarthy filed Form 3 for Wag! Group Co. (PET) on 09 Aug 2022.

Key facts

This page summarizes Patrick McCarthy's Form 3 filing for Wag! Group Co. (PET).
0 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 09 Aug 2022, 19:16.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Official SEC source

Ownership activity is grounded in SEC Form 3 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PET holding Derivative

Phantom Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date: 09 Aug 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 468,751
Exercise price
Footnotes: F1, F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

The Business Combination Agreement provides that the reporting person will receive Wag! Group Co. ("Issuer") Common Stock ("Common Stock"), for no additional consideration, if the volume weighted average price of Common Stock over twenty trading days within any thirty trading day period during the Earn-out Period (as defined in the Business Combination Agreement) was greater than or equal to (1) $12.50, (2) $15.00, and (3) $18.00. The reporting person's right to receive shares pursuant to this earn-out right became fixed and irrevocable on August 9, 2022, the effective date of the Business Combination.

Footnote F2

Each share of phantom stock is the economic equivalent of one share of Wag! Group Co. Common Stock.