Sunday, April 25, 2021 10:40:43 AM
Now I am not an expert by any means on Form 4 filing requirements, and Namtae may know a lot more on this subject than I, but my read of this is that PCTL does NOT have to file Form 4.
You are correct in one aspect - PCT isnt required to file BUT the CEO is
Here's my research from PCTs recent 10K filing, among other things:
Compliance with Section 16(a) of the Exchange Act
Section 16(a) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), requires our executive officers and directors, and persons who beneficially own more than ten percent of our common stock, to file initial reports of ownership and reports of changes in ownership with the SEC. Executive officers, directors and greater than ten percent beneficial owners are required by SEC regulations to furnish us with copies of all Section 16(a) forms they file. Based upon a review of the copies of such forms furnished to us and written representations from our executive officers and directors, we believe that as of the date of this information statement they were not current in their filings.
https://www.sec.gov/Archives/edgar/data/1119897/000155479521000130/pctl0405form10k.htm
Section 16 Filing Requirements
Section 16 requires insiders to file Forms 3, 4, and 5. These forms can be filed electronically. The SEC requires Form 3, which is an initial statement of beneficial ownership, if there is an initial public offering (IPO) of equity or debt securities, or if a person becomes a director, officer, or a holder of at least 10% of a company’s equities.
