Form 4: American Battery Technology Co: Officer Meza Leal Reports Stock Vesting and Tax Liability Sale
SEC Form 4 Filing
Andres Manuel Meza Leal, Chief Operating Officer of American Battery Technology Co, reports the vesting of common stock and a sale to cover associated tax liabilities.
Summary
- On May 3, 2024, Andres Manuel Meza Leal, the Chief Operating Officer of American Battery Technology Co, acquired 10,416 shares of common stock due to vesting under the company's employee equity compensation plan.
- An additional 2,083 shares vested on the same day, pursuant to the terms of Meza Leal's employment agreement.
- On May 6, 2024, Meza Leal sold 3,011 shares at a price of $1.34 to cover tax liabilities associated with the vesting of the stock.
- Following these transactions, Meza Leal beneficially owns 157,590 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.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 05/03/2024 | Vesting of 10,416 shares of common stock under the employee equity compensation plan. |
| 05/03/2024 | Vesting of 2,083 shares of common stock under the employment agreement. |
| 05/06/2024 | Sale of 3,011 shares at $1.34 to cover tax liability. |
| 05/07/2024 | Date of signature for the Form 4 filing. |
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