Timothy Glockner - Mar 17, 2022 Form 4 Insider Report for PureCycle Technologies, Inc. (PCT)

Role: Director
Signature: Brad S. Kalter as attorney-in-fact for Timothy Glockner
Stock symbol: PCT
Transactions as of: Mar 17, 2022
Transactions value $: $9,999,990
Form type: 4
Date filed: 3/22/2022, 08:08 AM
Previous filing: Aug 13, 2021
Next filing: May 12, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PCT	Common Stock	Purchase	$10M	+1.43M		$7.00	1.43M	Mar 17, 2022	By The Glockner Chevrolet Company	F1, F2
holding	PCT	Common Stock						6.32K	Mar 17, 2022	Direct
holding	PCT	Common Stock						846K	Mar 17, 2022	See FN	F3
holding	PCT	Common Stock						5.58M	Mar 17, 2022	See Footnote	F4

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	Warrants (Right to Buy)	Purchase		+714K			714K	Mar 17, 2022	Common Stock	714K	$11.50	By The Glockner Chevrolet Company	F2, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares were purchased by the Reporting Person a part of a $250 million Private Investment in a Public Equity (PIPE) transaction consummated on March 17, 2022.
F2	The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
F3	By self as co-trustee for the benefit of my children with respect to 845,614 shares in the Barbara G. Glockner Trust fbo Timothy E. Glockner. I am a contingent remainderman with respect to this trust, but disclaim beneficial ownership of the securities held within this trust. This report shall not be deemed an admission that I am the beneficial owner of the securities held within these trusts for purposes of Section 16 or for any other purpose.
F4	By self as trustee for my benefit under the Timothy E. Glockner Revocable Trust.
F5	The securities reported in this Form 4 were acquired in the PIPE Offering in a combination of one share of the Company's common stock, par value $0.001 per share ("Common Stock"), and an accompanying one-half of one warrant to purchase one share of Common Stock (the "Warrants"), at a combined price of $7.00. The Warrants will expire on the earlier of (i) March 17, 2026 and (ii) the date fixed for redemption of the Warrants.