Form 4: Li-Cycle Holdings Corp. Director Mark Wellings Reports Changes in Beneficial Ownership

Director Mark Wellings reports transactions involving Li-Cycle Holdings Corp. common shares, including acquisition of restricted stock units and sales to cover tax liabilities.

Summary

• On May 23, 2024, Mark Wellings acquired 307,619 restricted stock units (RSUs) under the Li-Cycle Holdings Corp. 2021 Incentive Award Plan.
• These RSUs represent the contingent right to receive one common share each, subject to time-vesting conditions and continued service.
• On May 24 and May 28, 2024, Wellings sold 15,267 and 51,266 common shares, respectively, at a weighted average price of $0.5428 per share to cover tax liabilities arising from the vesting and settlement of RSUs.
• Following these transactions, Wellings directly owns 410,244 common shares and indirectly owns 230,234 common shares through ZCR Corp., of which he is the sole owner.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about share ownership and trading activity.

Industry Context

This filing is a routine disclosure related to insider transactions and provides insight into the holdings and trading activity of a key company director.

Stakeholder Impact

• Shareholders may be interested in the trading activity of company insiders as it can provide insights into management's perspective on the company's value and prospects.

Key Dates