PET Wag! Group Co. Insider Trading

10% Owner Szabo purchases 250,000 shares (8.3% boost) across 3 trades at avg $0.94, holding now 3.25M shares

John P Szabo Jr, a 10% owner of Wag! Group Co., executed 3 separate purchases totaling 250,000 shares for $234,066.38 between September 19–23, 2024, at a blended average price of $0.94, increasing his holdings from 3,000,000 to 3,250,000 shares. The acquisitions occurred when the stock traded near its 52-week low and have since declined further, with current price at $0.93 (down 61.9% from the 52-week high of $2.44). At the same ticker, Szabo's prior 4 purchases (three on 2024-07-17 and one on 2023-11-30) show mixed recent outcomes: the July trades are down 32–34.9% at the 30-day mark, while only his November 2023 purchase registered a measurable 90-day return of +13.0%, achieving a 1-of-1 well-timed outcome at that longer horizon. The company posted revenue of $18,651,000.00 in the latest quarter with net income of $-2,251,000.00, reflecting ongoing unprofitability despite 53.0% annual revenue growth, creating uncertainty around fundamental value and near-term recovery.

10% owner JOHN P SZABO JR purchased 1,080,000 shares for $1,465,800.00 (blended avg $1.36) in 3 transactions on 2024-07-17

JOHN P SZABO JR, a 10% owner, executed 3 separate purchases totaling 1,080,000 shares for $1,465,800.00 at prices ranging from $1.35 to $1.41 on 2024-07-17. The transaction reversed a negative holding position (-580,000 shares pre-transaction) to a positive one (500,000 shares post-transaction), representing a substantial equity commitment. At current price of $1.24, the position is underwater by 8.8% from the blended purchase price of $1.36, and the stock trades 53.2% below its 52-week high of $2.65. Notably, the company is unprofitable (net income $-4,241,000.00 in the latest quarter) despite strong top-line growth of 53.0% year-over-year, creating a valuation environment where insider purchases warrant close monitoring. The insider's 1 prior same-ticker purchase on 2023-11-30 achieved a positive 90-day return of +13.0%, but that historical pattern does not guarantee performance in a deteriorating price environment marked by 41.2% decline over 90 days and 13.9% decline over 30 days.