Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | PET | Common Stock | Sale | -$102K | -49.8K | -7.34% | $2.04 | 629K | May 19, 2023 | Direct | F1, F2, F3 |
Id | Content |
---|---|
F1 | The sales reported on this Form 4 represent shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units ("RSUs"). These sales are mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person. |
F2 | The reporting person's sale of common stock reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, to the extent of 2,500 shares, with the reporting person's purchases of 500 shares of common stock at a per share price of $1.73 on March 14, 2023 and 2,000 shares of common stock at a per share price of $1.91 on March 16, 2023. The reporting person has paid to the Issuer $415.00, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs. |
F3 | The price in column 4 represents a weighted average sale price. The shares were sold on 5/19/2023, 5/22/2023 and 5/23/2023 at a price between $1.85 and $2.34. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the range set forth herein. |