PSQ Holdings SEC Filings

PSQ Holdings, Inc. Chief Financial Officer James Rinn reported a combination of equity compensation activity and related share sales. On May 12, 2026, he exercised 83,333 restricted stock units (RSUs), receiving the same number of Class A common shares at a stated price of $0.00 per share. The filing shows open-market sales of 29,554 shares on May 13–15, 2026 at weighted average prices between $0.5858 and $0.718 per share, and the footnotes state the shares were sold to cover taxes associated with the RSU settlement. Following these transactions, he directly holds 129,864 shares of Class A common stock and 166,667 RSUs remaining from a 250,000 RSU grant scheduled to vest in three equal annual installments commencing on June 1, 2025.

PSQ Holdings, Inc. director and Chief Strategy Officer Dusty Wunderlich reported a mix of equity compensation activity and related share sales. On May 12, 2026, he exercised 50,000 Restricted Stock Units (RSUs) into Class A Common Stock at $0.00 per share, leaving 50,000 RSUs outstanding. Over May 13–15, 2026, he completed open-market sales totaling 40,768 shares at weighted average prices of $0.6595, $0.6118, and $0.5889 per share, with a footnote stating the shares were sold to cover taxes associated with RSU settlement. After these trades, he directly holds 109,592 Class A shares and indirectly holds 1,123,294 shares through SLDW Holdings, LLC, while a footnote explains he disclaims beneficial ownership beyond his pecuniary interest. Another footnote notes he was granted 150,000 RSUs under the 2023 Stock Incentive Plan, vesting in three equal installments beginning March 13, 2025.

PSQ Holdings, Inc. executive Michael Pena, the Chief Financial Officer, has filed an initial statement of beneficial ownership of company stock. The filing reports that he beneficially owns 181,933 shares of Class A Common Stock. This total includes 25,000 unvested restricted stock units, which represent share-based compensation that will vest over time. The filing does not report any new stock purchases or sales; it simply establishes Pena’s current ownership position as an officer of the company.

PSQ Holdings, Inc. Chief Accounting Officer Krista Wenzel filed an initial Form 3 reporting beneficial ownership of Class A common stock. She holds a total of 34,214 shares directly, including 13,334 unvested restricted stock units, reflecting her existing equity stake rather than a new buy or sale.

PSQ Holdings, Inc. reported a wider net loss for the quarter ended March 31, 2026 as it shifts to a pure FinTech focus. Revenue from its Financial Technology operations rose to $8.2 million from $3.1 million a year earlier, driven by loan and lease sales and payment processing.

The company posted a net loss of $6.5 million versus $4.4 million, and used $4.1 million of cash in operating activities. Cash and cash equivalents were $10.1 million with a $7.4 million draw on its revolving credit line and $28.4 million of convertible notes outstanding.

Management highlights cost reductions, a 41% staff cut and planned sale of its Brands segment, while Marketplace and Brands remain in discontinued operations. PSQ also discloses NYSE notices for falling below minimum market cap, equity and share price requirements, and outlines leadership changes and access to a $50 million at-the-market equity program.

PSQ Holdings, Inc. reported sharp top-line growth but remained unprofitable in the first quarter of 2026. Net revenue from continuing operations rose 167% year over year to $8.2 million, driven by its financial technology segment, while operating expenses fell 18%, improving efficiency.

Operating loss narrowed to $6.1 million from $9.3 million, and operating cash burn improved to $4.1 million from $6.4 million. However, net loss widened to $6.5 million, mainly due to a $7.1 million reduction in gains from fair value changes in warrant and earnout liabilities. Non-GAAP operating loss improved to $0.9 million from $2.8 million.

The company executed an operational restructuring, cutting staff by 41% and winding down its Marketplace segment, which is expected to generate about $8.0 million in annualized cash savings. Revenue per headcount jumped 287% to $173,583. Cash and cash equivalents fell to $10.1 million as of March 31, 2026 from $14.6 million at year-end, while total liabilities remained around $46.0 million.

PSQ Holdings, Inc. disclosed the severance terms for Chief Financial Officer James Rinn, who previously notified the company of his resignation effective April 30, 2026. In connection with his departure, the company and Mr. Rinn entered into a Severance Agreement and General Release effective April 30, 2026.

Under this agreement, 83,333 of 250,000 restricted stock units granted on July 11, 2025 that were scheduled to vest on June 1, 2026 instead vested on April 30, 2026, while the remaining 166,667 unvested RSUs were forfeited. Mr. Rinn also provides a general release in favor of the company and agrees to continue honoring his existing Non-Competition and Non-Solicitation Agreement, including not soliciting company personnel or competing with the company for one year after his separation.

PSQ Holdings, Inc. filed an amended annual report to add Part III information that was not included in its original Form 10-K. The amendment focuses on corporate governance, executive and director compensation, security ownership, related-party transactions, and auditor fees, without updating financial results.

The filing details an eight-member classified board, committee compositions, and confirms an audit committee financial expert. It outlines executive employment terms, severance and change-in-control protections, equity awards, and a director pay program built around cash retainers plus RSUs. It also discloses significant related-party consulting arrangements, insider-linked convertible notes and PIPE financings, and notes that PSQH is no longer a NYSE “controlled company,” requiring a transition toward a majority-independent board and fully independent key committees.

PSQ Holdings, Inc. announced a planned finance leadership transition, with Chief Financial Officer James Rinn resigning effective April 30, 2026 and remaining on the Board. The company states his resignation is not due to any disagreement over operations, policies, or practices.

Effective May 1, 2026, Senior Vice President of Finance Michael Pena will become Chief Financial Officer and Treasurer, and Senior Vice President of Finance & Accounting Krista Wenzel will become Chief Accounting Officer. Both have extensive finance, accounting, and capital markets experience, including prior leadership roles at Credova and Meridiam.

The Board also approved Second Amended and Restated Bylaws that, among other changes, reduce the stockholder meeting quorum requirement from a majority to one-third of shares entitled to vote and remove a reference to a prior annual meeting date.