Dustin Olson - Jul 8, 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
Stock symbol
PCT
Transactions as of
Jul 8, 2021
Transactions value $
$0
Form type
4
Date filed
7/12/2021, 08:55 PM
Next filing
Mar 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PCT Common Stock Award $0 +18.1K +12.64% $0.00 161K Jul 8, 2021 Direct F1
transaction PCT Common Stock Award $0 +163K +100.72% $0.00 324K Jul 8, 2021 Direct F2
transaction PCT Common Stock Award $0 +100 +0.03% $0.00 324K Jul 8, 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.