Form 4: American Battery Technology Co. CEO Ryan Mitchell Melsert Reports Stock Transactions
SEC Form 4 Filing
CEO Ryan Mitchell Melsert reports stock vesting and tax-related sales, along with a correction to a previous filing.
Summary
- On October 22, 2024, Ryan Mitchell Melsert, CEO of American Battery Technology Co., reported the vesting of 20,832 shares of common stock.
- Simultaneously, Melsert sold 5,338 shares at $0.99 per share to cover tax liabilities associated with the vesting.
- The filing also corrects a previous Form 4 from October 8, 2024, which incorrectly stated the number of shares sold as 9,552 instead of 9,790.
- Following these transactions, Melsert directly owns 1,573,327 shares of American Battery Technology Co.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the CEO's holdings and transactions in the company's stock.
Stakeholder Impact
- Shareholders are informed about the CEO's stock transactions, providing transparency into executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 10/08/2024 | Date of original Form 4 filing that contained an error regarding the number of shares sold. |
| 10/22/2024 | Date of stock vesting and tax-related sale transactions. |
| 10/24/2024 | Date of signature on the Form 4 filing. |
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