Form 4: 3D Systems EVP Charles Hull Reports Stock Tax Withholding
Statement of Changes in Beneficial Ownership
EVP and CTO Charles W. Hull disposed of 4,102 shares of 3D Systems common stock to satisfy tax obligations related to a restricted stock vesting.
Summary
- Charles W. Hull, EVP and Chief Technology Officer of 3D Systems, reported the disposition of 4,102 shares of common stock.
- The transaction occurred on April 14, 2026, at a price of $1.98 per share.
- The shares were withheld by the company to satisfy tax withholding obligations associated with the vesting of a restricted stock grant from April 14, 2023.
- Following this transaction, Mr. Hull maintains direct ownership of 186,565 shares and indirect ownership of 331,955 shares held in a revocable living trust.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as the transaction is purely administrative and related to tax compliance rather than a change in executive sentiment.
Positives
- The transaction was a routine administrative action related to tax obligations rather than a discretionary sale of shares.
- The reporting person retains a significant equity stake in the company, totaling 518,520 shares across direct and indirect holdings.
Negatives
- The transaction reflects a reduction in the direct share count held by a key executive.
Risks
- The stock price at the time of the transaction was $1.98, reflecting the current market valuation of the issuer.
Future Outlook
No forward-looking guidance or strategic outlook was provided in this regulatory filing.
Industry Context
StockSavvy.ai notes that this filing is a standard regulatory disclosure for executive compensation and tax compliance, common across the additive manufacturing sector.
Comparison to Industry Standards
- The practice of withholding shares to cover tax liabilities upon the vesting of equity awards is a standard corporate governance procedure for publicly traded companies in the U.S.
Related Party Transactions
- The reporting person serves as trustee for the Charles William Hull and Charlene Antoinette Hull 1992 Revocable Living Trust, which holds 331,955 shares.
Stakeholder Impact
- Minimal impact on shareholders as the transaction was a non-discretionary tax withholding event.
Key Dates
| Date | Description |
|---|---|
| 04/14/2023 | Original grant date of the restricted stock that vested. |
| 04/14/2026 | Date of the transaction involving the withholding of shares for taxes. |
| 04/15/2026 | Date of the filing of the Form 4. |
Keywords
3D Systems, DDD, Form 4, Insider Transaction, Charles Hull, Tax Withholding, Equity Vesting
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