Form 4: American Battery Technology Co. Officer Reports Stock Vesting and Tax-Related Sale
SEC Form 4 Filing
Scott Jolcover, Chief Resource Officer of American Battery Technology Co., reports the vesting of common stock and a subsequent sale to cover tax obligations.
Summary
- On May 3, 2024, Scott Jolcover, Chief Resource Officer of American Battery Technology Co., acquired 8,333 shares of common stock due to vesting under the company's employee equity compensation plan.
- These shares were acquired at a price of $0.00.
- Following this transaction, Jolcover directly owned 265,117 shares of common stock.
- On May 6, 2024, Jolcover sold 2,007 shares of common stock at $1.34 per share to cover tax liabilities associated with the vesting.
- After the sale, Jolcover directly owned 263,110 shares of common stock.
Sentiment
Score: 5
Explanation: The document reflects routine transactions related to executive compensation, with no indication of positive or negative sentiment.
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 holdings and transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 05/03/2024 | Vesting of 8,333 shares of common stock. |
| 05/06/2024 | Sale of 2,007 shares of common stock to cover tax liability. |
| 05/07/2024 | Date of Form 4 signature. |
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