Bitcoin price today: falls to 2-week low below $113k ahead of Fed Jackson Hole
David Cane, the Chief Customer Officer at Wag! Group Co. (NASDAQ:PET), recently sold shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The transaction comes as the company’s stock has declined over 85% in the past year, with shares currently trading at $0.31. InvestingPro data shows the company maintains impressive gross profit margins of 78%, despite challenging market conditions. The transactions, which took place on February 19, involved the sale of a total of 14,848 shares at prices ranging from $0.30 to $0.31 per share, amounting to approximately $4,465.
The sales were conducted to cover tax withholding obligations linked to the vesting of restricted stock units, as mandated by the company’s incentive plans. These transactions were not discretionary trades by Cane. Following these sales, Cane retains ownership of 526,850 shares in the company.
In other recent news, Wag! Group Co. has received a notice from the Nasdaq Stock Market due to its market value of publicly held securities (MVPHS) falling below the required $15 million threshold. This issue persisted for 30 consecutive business days, from November 13, 2024, to January 13, 2025. Although this notice does not immediately affect Wag! Group’s common stock listing, the company has until July 14, 2025, to comply with the MVPHS requirement to avoid potential delisting. If Wag! Group fails to meet the requirement by the deadline, it may face delisting from the Nasdaq Global Market. The company had previously been notified on September 27, 2024, for failing to meet other continued listing requirements. While Wag! Group has the right to appeal any delisting decision, there is no assurance of success in such appeals or in regaining compliance with Nasdaq’s listing criteria. These developments were disclosed in a recent SEC filing by the company.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.