Form 4: Li-Cycle Holdings Corp. CEO Ajay Kochhar Reports Share Sale and Adjusted Holdings

CEO Ajay Kochhar reports a sale of Li-Cycle shares to cover tax liabilities and an adjustment to reflect a prior share consolidation.

Summary

• Ajay Kochhar, President and CEO of Li-Cycle Holdings Corp., reported a transaction involving the sale of 3,207 common shares on January 27, 2025, at a price of $1.075 per share.
• The sale was executed to cover tax liabilities arising from the vesting and settlement of restricted stock units (RSUs).
• Following the transaction, Kochhar directly owns 162,573 common shares, which includes 142,233 RSUs.
• Kochhar also indirectly owns 3,107,826 common shares through 2829908 Delaware LLC, where he has sole control over voting and disposition.
• The number of common shares beneficially owned has been adjusted to reflect a share consolidation on June 3, 2024, at a ratio of one post-consolidation share for every eight pre-consolidation shares, correcting an arithmetic error in a prior filing.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't convey any particularly positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into the transactions of company executives and their ownership positions. It does not contain any information about the broader industry.

Stakeholder Impact

• The share sale has a minimal impact on shareholders as it is a small transaction related to tax obligations.

Key Dates