Quick Takeaways
- This page summarizes Michael E. Dee's Form 4 filing for PureCycle Technologies, Inc. (PCT).
- 4 reported transactions and 1 derivative row are listed below.
- Filing timestamp: 12 Jul 2021, 20:45.
Michael E. Dee - 08 Jul 2021 Form 4 Insider Report for PureCycle Technologies, Inc. (PCT)
- Signature
- /s/ Brad S. Kalter, as Attorney-in-Fact for Michael E. Dee
- Issuer symbol
- PCT
- Transactions as of
- 08 Jul 2021
- Net transactions value
- $0
- Form type
- 4
- Filing time
- 12 Jul 2021, 20:45:44 UTC
- Previous filing
- 21 Jun 2021
- Next filing
- 19 Jul 2021
- SEC
- View on sec.gov
Quoteable Key Fact
"Michael E. Dee filed Form 4 for PureCycle Technologies, Inc. (PCT) on 12 Jul 2021."
What Changed
- Previous filing in this sequence was filed on 21 Jun 2021.
- Current net transaction value: $0.
Why This Matters
- 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.
Source Evidence
Filed on Form 4
See Original Filing
Ownership activity is grounded in SEC Form 4 disclosures.
Transactions Table
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PCT | Common Stock | Award | $0 | +18,107 | +239% | $0.000000 | 25,678 | 08 Jul 2021 | Direct | F1 |
| transaction | PCT | Common Stock | Award | $0 | +1,000,000 | +3894% | $0.000000 | 1,025,678 | 08 Jul 2021 | Direct | F2 |
| transaction | PCT | Common Stock | Award | $0 | +100 | +0.01% | $0.000000 | 1,025,778 | 08 Jul 2021 | Direct | F3 |
Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PCT | Performance Restricted Stock Units | Award | $0 | +200,000 | $0.000000 | 200,000 | 08 Jul 2021 | Common Stock | 200,000 | Direct | F4 |
* An asterisk sign (*) next to the price indicates that the price is likely invalid.
Explanation of Responses:
| Id | Content |
|---|---|
| F1 | The restricted stock units were granted as part of the Company's 2021 long-term incentive plan grant cycle and are subject to vesting over four years with one quarter, rounded down to the nearest whole share of stock, vesting in each of the four periods. |
| F2 | The restricted shares were granted in conjunction with the Reporting Person's offer of employment and are subject to the following vesting schedule: one-third of the restricted shares shall vest on September 17, 2021, one-third of the restricted shares shall vest on March 17, 2022, and one-third of the restricted shares shall vest on the date on which the Company's Ironton, Ohio plant becomes operational, as certified by Leidos in accordance with the Limited Offering Memorandum, dated September 23, 2020 (in connection with the bond offering by Southern Ohio Port Authority to PureCycle: Ohio LLC). Each vesting will be rounded down to the nearest whole share of stock at each of the three vesting periods. |
| F3 | The shares of common stock were issued as a one-time award to each employee in recognition of the Company's being listed on the NASDAQ Exchange. The shares vest immediately upon grant. |
| F4 | Each performance restricted stock unit represents a right to receive one share of the Company's common stock. The performance restricted stock units are subject to shall vest in full if the Market Value per Share is greater than $18.00 for any period of 20 trading days out of any 30 consecutive trading days within the period from September 17, 2021 through March 17, 2024. |