Adam Storm - 13 Sep 2023 Form 4 Insider Report for Wag! Group Co. (PET)

Role
Pres. & Chief Product Off.
Signature
/s/ Adam Storm
Issuer symbol
PET
Transactions as of
13 Sep 2023
Net transactions value
-$60,713
Form type
4
Filing time
14 Sep 2023, 21:39:25 UTC
Previous filing
23 Aug 2023
Next filing
22 Sep 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PET Common Stock Options Exercise $2,466 +27,400 +3.2% $0.0900 893,598 13 Sep 2023 Direct F1
transaction PET Common Stock Sale $55,348 -27,400 -3.1% $2.02 866,198 13 Sep 2023 Direct F2, F3
transaction PET Common Stock Options Exercise $369 +4,100 +0.47% $0.0900 870,298 14 Sep 2023 Direct F1
transaction PET Common Stock Sale $8,200 -4,100 -0.47% $2.00 866,198 14 Sep 2023 Direct F2

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 PET Options to purchase shares of Wag! Group Co. common stock Options Exercise $0 -27,400 -2.1% $0.000000 1,255,583 13 Sep 2023 Common Stock 27,400 $0.0900 Direct F1, F4
transaction PET Options to purchase shares of Wag! Group Co. common stock Options Exercise $0 -4,100 -0.33% $0.000000 1,251,483 14 Sep 2023 Common Stock 4,100 $0.0900 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 The stock option exercise reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 14, 2023.
F2 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 14, 2023.
F3 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.00 to $2.04. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Security Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
F4 The option to purchase shares of Wag! Group Co. common stock vest in 48 equal monthly installments beginning on January 13, 2020. As of the filing date, 1,170,382 options from this grant were exercisable.