Form 4 for PCT PureCycle Technologies, Inc.

Accepted 2022-03-22 00:00:00 ET · period of report 2022-03-17 · accession 0001847069-22-000004 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
DI	2022-03-22	2022-03-17	PCT	Glockner Timothy	Dir	P - Purchase	$7.00	+1.43M	1.43M	New	+$10.00M
DI	2022-03-22	2022-03-17	PCT	Glockner Timothy	Dir	P - Purchase	—	+714.3K	714.3K	New	—

Purchase Sale Sale after option exercise All abbreviations

Every reported transaction

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2022-03-17	P	A	1,428,570	$7.00	1,428,570	I By The Glockner Chevrolet Company	—	—	(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.
2	Derivative	Warrants (Right to Buy)	2022-03-17	P	A	714,285	—	714,285	I By The Glockner Chevrolet Company	$11.50 · 2022-09-17 to —	714,285 Common Stock	(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. (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.