Pena Michael 4

What Happened

• Michael Pena, Chief Financial Officer of PSQ Holdings, sold a total of 10,682 shares of Class A common stock across three open-market transactions to cover taxes associated with the settlement of restricted stock units (RSUs). Sales by date: May 13, 2026 — 3,051 shares at a weighted avg $0.66 ($2,012); May 14, 2026 — 3,041 shares at a weighted avg $0.61 ($1,860); May 15, 2026 — 4,590 shares at a weighted avg $0.59 (~$2,703). Total proceeds across the three days are approximately $6,575. These were sales (S) — often routine tax-withholding transactions rather than purchases signaling bullish intent.

Key Details

• Transaction dates and prices:
  • 2026-05-13: 3,051 shares, weighted avg $0.66 (sales ranged $0.613–$0.718) — F2
  • 2026-05-14: 3,041 shares, weighted avg $0.61 (sales ranged $0.5871–$0.6302) — F3
  • 2026-05-15: 4,590 shares, weighted avg $0.59 (sales ranged $0.5858–$0.6000) — F4
• Total shares sold: 10,682; total proceeds: ~ $6,575.
• Reason given (footnote F1): shares sold to cover taxes from RSU settlement (tax withholding).
• Filing timeliness: report filed May 15, 2026; the filing shows no indication of late reporting.
• Shares owned after the transactions: not specified in the filing.

Context

• These sales are disclosed as tax-withholding sales tied to RSU settlement — a common insider transaction type that typically reflects administrative/tax needs rather than a deliberate market-timing decision. Footnotes provide weighted-average prices and price ranges for each day; the reporting person offers to provide a detailed breakdown of prices per share upon request to the SEC, issuer, or a security holder.