Wunderlich Dusty 4
4 · PSQ Holdings, Inc. · Filed May 15, 2026
Research Summary
AI-generated summary of this filing
PSQ Holdings (PSQH) CSO Dusty Wunderlich Sells Shares After RSU Settlement
What Happened
- Dusty Wunderlich, Chief Strategy Officer and director of PSQ Holdings (PSQH), had two 50,000-unit RSU settlements on May 12, 2026 (total 100,000 RSUs converted to Class A shares). Of those, 50,000 shares were withheld/disposed at $0 (tax withholding), and the reporting person sold 40,768 shares in open-market transactions across May 13–15, 2026, generating aggregate proceeds of about $25,097. These sales were indicated as to cover taxes associated with the RSU settlement (routine tax-withholding activity rather than a standalone investment decision).
Key Details
- Transaction dates and amounts:
- 2026-05-12: Conversion/settlement of RSUs — two entries of 50,000 shares each (total 100,000).
- 2026-05-12: 50,000 shares disposed at $0 (tax withholding/derivative disposition).
- 2026-05-13: Sold 11,645 shares at a weighted average $0.66 (proceeds $7,680); prices ranged $0.613–$0.718. (F3)
- 2026-05-14: Sold 11,606 shares at a weighted average $0.61 (proceeds $7,101); prices ranged $0.5871–$0.6302. (F4)
- 2026-05-15: Sold 17,517 shares at a weighted average $0.59 (proceeds $10,316); prices ranged $0.5858–$0.6000. (F5)
- Total sold: 40,768 shares for ~$25,097; total RSUs settled: 100,000.
- Shares owned after transaction: not specified in the provided summary of the Form 4.
- Notable footnotes:
- F1: Each RSU equals a contingent right to one share.
- F2: Sales were to cover taxes from RSU settlement.
- F3–F5: Weighted-average prices and intra-day price ranges; the filer can provide per-price breakdowns on request.
- F6: Reporting person disclaims beneficial ownership except for pecuniary interest.
- F7: The RSUs derive from a 150,000 grant under the 2023 Stock Incentive Plan vesting in three equal installments beginning March 13, 2025.
- Filing timeliness: Form filed May 15, 2026 (no late-filing indicator provided).
Context
- These entries reflect RSU settlement and routine tax-related disposals rather than an outright investment sale. The derivative/“M” entries represent conversion/settlement of RSUs into shares; some of the resulting shares were withheld or sold immediately to meet tax obligations (a common, cashless-like outcome for RSU settlements). Sales by executives to cover taxes or withholding are a standard administrative step and do not necessarily signal a change in insider sentiment.
Insider Transaction Report
Form 4
Wunderlich Dusty
DirectorChief Strategy Officer
Transactions
- Exercise/Conversion
Class A Common Stock, par value $0.0001 per share
[F1]2026-05-12+50,000→ 150,360 total - Sale
Class A Common Stock, par value $0.0001 per share
[F2][F3]2026-05-13$0.66/sh−11,645$7,680→ 138,715 total - Sale
Class A Common Stock, par value $0.0001 per share
[F2][F4]2026-05-14$0.61/sh−11,606$7,101→ 127,109 total - Sale
Class A Common Stock, par value $0.0001 per share
[F2][F5]2026-05-15$0.59/sh−17,517$10,316→ 109,592 total - Exercise/Conversion
Restricted Stock Units
[F1][F7]2026-05-12−50,000→ 50,000 total→ Class A Common Stock (50,000 underlying)
Holdings
- 1,123,294(indirect: By LLC)
Class A Common Stock, par value $0.0001 per share
[F6]
Footnotes (7)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the issuer's Class A Common Stock.
- [F2]The shares were sold to cover taxes associated with the settlement of RSUs.
- [F3]Reflects the weighted average price of 11,645 shares of Class A Common Stock sold by the reporting person in multiple transactions on May 13, 2026 with sales prices ranging from $0.613 to $0.718 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- [F4]Reflects the weighted average price of 11,606 shares of Class A Common Stock sold by the reporting person in multiple transactions on May 14, 2026 with sales prices ranging from $0.5871 to $0.6302 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- [F5]Reflects the weighted average price of 17,517 shares of Class A Common Stock sold by the reporting person in multiple transactions on May 15, 2026 with sales prices ranging from $0.5858 to $0.6000 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- [F6]The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F7]The reporting person was granted 150,000 RSUs under the Company's 2023 Stock Incentive Plan, to vest over three equal installments beginning March 13, 2025.
Signature
/s/ James Giudice, Attorney-in-Fact for Dusty Wunderlich|2026-05-15