Form 4: LanzaTech Global Executive Exercises Stock Options, Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Zarath Summers, Chief Science Officer of LanzaTech Global, exercised stock options and sold shares to cover tax obligations on March 6, 2024.
Summary
- On March 6, 2024, Zarath Summers, the Chief Science Officer of LanzaTech Global, exercised 45,086 Restricted Stock Units (RSUs) which converted into common stock on a one-for-one basis.
- Following the conversion, Summers sold 14,459 shares of common stock at a price of $3.24 per share to cover tax obligations.
- After these transactions, Summers directly owns 30,627 shares of LanzaTech Global common stock and 90,175 derivative securities.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard insider transaction related to stock option exercises and tax obligations.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. It provides transparency into the trading activities of company executives.
Key Dates
| Date | Description |
|---|---|
| May 2, 2023 | Reporting Person was granted 110,000 RSUs. |
| May 11, 2023 | Reporting Person was granted 25,261 RSUs. |
| March 6, 2024 | RSUs vested and shares were sold to cover tax obligations. |
| March 14, 2024 | Date of signature for the Form 4 filing. |
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