Form 4: American Battery Technology Co: Officer Scott Jolcover Reports Stock Vesting and Tax Liability Sale
SEC Form 4 Filing
Scott Jolcover, Chief Mineral Resource Officer of American Battery Technology Co, reports the vesting of common stock and subsequent sale to cover tax obligations.
Summary
- On April 3, 2025, Scott Jolcover, Chief Mineral Resource Officer of American Battery Technology Co, acquired 3,850 shares of common stock due to vesting from his employment agreement.
- On the same day, he acquired an additional 6,250 shares of common stock due to vesting from the company's employee equity compensation plan.
- On April 4, 2025, he sold 2,593 shares of common stock at $0.94 per share to cover tax liabilities associated with the vesting of the aforementioned stock.
- Following these transactions, Jolcover directly owns 240,384 shares of American Battery Technology Co.
- The transactions were reported on a Form 4 filing with the SEC.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the holdings and transactions of company officers.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 04/03/2025 | Acquisition of 3,850 shares of common stock due to vesting from employment agreement. |
| 04/03/2025 | Acquisition of 6,250 shares of common stock due to vesting from employee equity compensation plan. |
| 04/04/2025 | Sale of 2,593 shares of common stock at $0.94 per share to cover tax liability. |
| 04/04/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, SEC Filing, Stock Vesting, American Battery Technology Co, ABAT, Scott Jolcover, Insider Trading, Equity Compensation, Tax Liability
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