Bitcoin price today: falls to 2-week low below $113k ahead of Fed Jackson Hole
SAN FRANCISCO—Maziar Arjomand, Chief Technology Officer of Wag! Group Co. (NASDAQ:PET), recently sold a total of 38,144 shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The sales, amounting to $11,471, were executed at prices ranging from $0.30 to $0.31 per share. This transaction comes as the stock has declined roughly 86% over the past year, though InvestingPro data shows the company maintains impressive gross profit margins of 78%.
The transactions, dated February 19, 2025, were carried out to cover tax withholding obligations related to the vesting of restricted stock units (RSUs). These sales were not discretionary trades by Arjomand but were mandated by the company’s incentive plans to fulfill tax obligations through a "sell to cover" transaction. Following these transactions, Arjomand holds 1,121,208 shares of Wag! Group Co. With the company’s earnings report due on February 25, InvestingPro subscribers can access 16 additional key insights and a comprehensive Pro Research Report to better understand the company’s financial position and future prospects.
In other recent news, Wag! Group Co. has received a notice from the Nasdaq Stock Market regarding its market value of publicly held securities falling below the required threshold. The company’s market value has remained under the $15 million minimum for 30 consecutive business days, from November 13, 2024, to January 13, 2025. This notification does not immediately affect the company’s common stock listing, as Wag! Group has until July 14, 2025, to comply with the requirement to avoid delisting. Previously, on September 27, 2024, Wag! Group was alerted about failing to meet other Nasdaq listing standards. While the company has the right to appeal any delisting decision, there is no assurance that such an appeal would be successful. If compliance is not achieved by the set deadline, the company may face a notification of its securities being subject to delisting. These developments are based on a recent SEC filing by Wag! Group Co.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.