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Wag! group co. VP of legal sells shares worth $2,818

Published 20/02/2025, 03:28
Wag! group co. VP of legal sells shares worth $2,818
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Nicholas Yu, Vice President of Legal at Wag! Group Co. (NASDAQ:PET), recently sold shares of the company’s common stock totaling $2,818. The transactions, dated February 19, 2025, saw Yu divest a total of 9,374 shares at prices ranging from $0.30 to $0.31 per share. The sale comes as PET trades near its 52-week low of $0.14, with the stock down over 85% in the past year. According to InvestingPro analysis, the company appears undervalued at current levels.

According to the filing, these sales were not discretionary but were executed to cover tax withholding obligations tied to the vesting of restricted stock units. After these transactions, Yu holds 431,754 shares of Wag! Group Co. The company, known for providing pet services, continues to operate out of its San Francisco headquarters. With a market capitalization of $17.4 million and earnings scheduled for February 25, investors seeking deeper insights can access comprehensive analysis through InvestingPro’s detailed research reports, which cover over 1,400 US stocks.

In other recent news, Wag! Group Co. is facing a potential delisting from the Nasdaq Stock Market due to its market value of publicly held securities falling below the required threshold. The company was notified that its market value had been below the $15 million minimum for 30 consecutive business days, from November 13, 2024, to January 13, 2025. This notice does not immediately affect the company’s common stock listing, and Wag! Group has until July 14, 2025, to meet the market value requirement to avoid delisting. If compliance is not achieved by this deadline, the company may receive a notification of its securities being subject to delisting. Previously, Wag! Group was informed of failing to meet other continued listing requirements under Nasdaq’s standards on September 27, 2024. Although the company has the right to appeal any delisting decision, there is no guarantee that such an appeal would be successful. The information regarding these developments was based on a recent SEC filing by Wag! Group Co.

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