Form 4: Li-Cycle Holdings Corp: Executive Acquires Shares and Reports Beneficial Ownership Changes

Ajay Kochhar, President and CEO of Li-Cycle Holdings Corp., acquired shares and reported changes in beneficial ownership, including holdings through 2829908 Delaware LLC.

Summary

• Ajay Kochhar, President and CEO of Li-Cycle Holdings Corp., filed a Form 4 detailing changes in beneficial ownership.
• On May 8, 2024, Kochhar acquired 1,069,900 common shares through restricted stock units (RSUs) at a price of $0.
• These RSUs are part of the Li-Cycle Holdings Corp. 2021 Incentive Award Plan and represent the contingent right to receive one common share each, subject to time-vesting conditions.
• Kochhar directly owns 1,345,265 common shares, which includes 152,758 restricted stock units vesting between February 2, 2024, and January 27, 2026.
• Additionally, 24,862,612 common shares are indirectly held by 2829908 Delaware LLC, over which Kochhar has sole voting and disposition control via an oral agreement.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard regulatory filing detailing changes in ownership. The CEO's acquisition of shares could be seen as slightly positive, but it's primarily an informational document.

Positives

• The acquisition of shares by the CEO could be interpreted as a positive signal, indicating confidence in the company's future prospects.

Industry Context

This filing is a routine disclosure related to executive compensation and ownership changes, common in publicly traded companies.

Key Dates