Timothy Glockner - May 11, 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
May 11, 2022
Transactions value $
$0
Form type
4
Date filed
5/12/2022, 04:11 PM
Previous filing
Mar 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PCT Common Stock Award $0 +13.4K +212.87% $0.00 19.8K May 11, 2022 Direct F1
holding PCT Common Stock 846K May 11, 2022 See FN F2
holding PCT Common Stock 5.58M May 11, 2022 See Footnote F3
holding PCT Common Stock 1.43M May 11, 2022 By The Glockner Chevrolet Company 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 and will vest on the earlier of (a) the one-year anniversary of the date of grant and (b) the date of the Company's regular annual meeting of stockholders which occurs in the calendar year following the calendar year in which the date of grant occurs.
F2 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.
F3 By self as trustee for my benefit under the Timothy E. Glockner Revocable Trust.
F4 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.