PureCycle (PCT) GC Brad Kalter Transfers 50,000 Shares to Trust

What Happened Brad Kalter, General Counsel, Chief Compliance Officer and Secretary of PureCycle Technologies (PCT), reported a disposition tied to an exercise of an out-of-the-money derivative on August 24, 2026. The Form 4 shows 50,000 shares were disposed at $0.00 (total reported value $0). A footnote explains those 50,000 shares were transferred to the "Brad S. Kalter and Julie F. Kalter Revocable Trust" for no consideration; Kalter is a trustee and remains a beneficiary, so he continues to be the beneficial owner of the shares.

Key Details

• Transaction date: 2026-08-24; reported as an exercise of an out-of-the-money derivative and a disposition of 50,000 shares at $0.00.
• Reported dollar value: $0 (transfer for no consideration).
• Shares owned after transaction: The filer remains the beneficial owner of the transferred shares per the footnote; exact post-transaction total not specified in the provided data.
• Footnote: Transfer to a revocable trust where Kalter is trustee and, with family members, a beneficiary (he retains beneficial ownership).
• Timeliness: No late filing flag noted in the provided information.

Context This transaction appears to be an intra-family/estate-planning transfer to a revocable trust rather than a market sale. Such transfers (gifts or moves into trusts) are common and do not necessarily signal a change in the insider’s view of the company. The Form 4 lists a derivative exercise tied to the transfer—treated here as an administrative conversion and transfer rather than a cash sale.