Form 4: 5E Advanced Materials Director Sen Ming Lim Reports Share Transactions
SEC Form 4
Director Sen Ming Lim reports the vesting and conversion of Director Share Units (DSUs) into common stock, along with a disposition of shares to cover tax obligations.
Summary
- On June 24, 2024, Sen Ming Lim, a director of 5E Advanced Materials, Inc., reported transactions involving the company's common stock.
- 3,701 Director Share Units (DSUs) vested and were converted into 3,701 shares of common stock.
- Simultaneously, 1,370 shares were disposed of to cover tax obligations at a price of $1.28 per share.
- Following these transactions, Lim directly owns 9,314 shares and indirectly owns 5,128,206 shares through Virtova Capital Management Limited.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions by a company director. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It allows investors to monitor the actions of company directors and officers.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the director's holdings.
- The transactions have no direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| June 29, 2022 | Date Director Share Units (DSUs) were granted pursuant to the Issuer's 2022 Equity Compensation Plan. |
| June 24, 2024 | Date of the Issuer's 2023 Annual General Meeting of Shareholders and the date the DSUs vested. |
| June 24, 2024 | Date of reported transactions: vesting of DSUs, conversion to common stock, and disposition of shares for tax obligations. |
| 06/25/2024 | Date of signature of the report. |
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