Adam Storm - Oct 6, 2023 Form 4 Insider Report for Wag! Group Co. (PET)

Signature
/s/ Adam Storm
Stock symbol
PET
Transactions as of
Oct 6, 2023
Transactions value $
-$1,910
Form type
4
Date filed
10/10/2023, 04:19 PM
Previous filing
Sep 22, 2023
Next filing
Oct 11, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PET Common Stock Options Exercise $90.00 +1K +0.12% $0.09 867K Oct 6, 2023 Direct F1
transaction PET Common Stock Sale -$2K -1K -0.12% $2.00 866K Oct 6, 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 -1K -0.08% $0.00 1.25M Oct 6, 2023 Common Stock 1K $0.09 Direct F1, F3
* 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 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, 1,169,282 options from this grant were exercisable.