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PSQ Holdings, Inc.·4

May 15, 9:42 PM ET

Wunderlich Dusty 4

Research Summary

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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.