Form 4 for PCT PureCycle Technologies, Inc.
Accepted 2022-03-21 00:00:00 ET · period of report 2022-03-17 · accession 0001847082-22-000005 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-03-21 | 2022-03-17 | PCT | Otworth Michael | COB, CEO, Dir | P - Purchase | $7.00 | +142.9K | 4.44M | +3% | +$1000.0K |
| D | 2022-03-21 | 2022-03-17 | PCT | Otworth Michael | COB, CEO, Dir | P - Purchase | — | +71.4K | 71.4K | 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 | 142,856 | $7.00 | 4,436,852 | D | — | — | (F1) Represents shares purchased by the Reporting Person in connection with a $250 million private placement transaction consummated on March 17, 2022 (the "PIPE Offering") by PureCycle Technologies, Inc. (the "Company"). |
| 2 | Derivative | Warrants (Right to Buy) | 2022-03-17 | P | A | 71,428 | — | 71,428 | D | $11.50 · 2022-09-17 to — | 71,428 Common Stock | (F2) 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. |