Dustin Olson - 08 Jul 2021 Form 4 Insider Report for PureCycle Technologies, Inc. (PCT)

Role
Chief Manufacturing Officer
Signature
/s/ Brad S. Kalter as attorney-in-fact for Dustin Olson
Issuer symbol
PCT
Transactions as of
08 Jul 2021
Net transactions value
$0
Form type
4
Filing time
12 Jul 2021, 20:55:44 UTC
Next filing
17 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PCT Common Stock Award $0 +18,107 +13% $0.000000 161,342 08 Jul 2021 Direct F1
transaction PCT Common Stock Award $0 +162,502 +101% $0.000000 323,844 08 Jul 2021 Direct F2
transaction PCT Common Stock Award $0 +100 +0.03% $0.000000 323,944 08 Jul 2021 Direct F3
* 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 grant cycle and are subject to vesting over four years with one quarter, rounded down to the nearest whole share of stock, vesting in each of the four periods.
F2 The restricted stock units were granted in conjunction with the Reporting Person's offer of employment, including shares to address certain tax consequences related to profit units issued to the Reporting Person prior to the business combination. The restricted stock units are subject to vesting over four years with one quarter, rounded down to the nearest whole share of stock, vesting in each of the four periods.
F3 The shares of common stock were issued as a one-time award to each employee in recognition of the Company's being listed on the NASDAQ Exchange. The shares vest immediately upon grant.