Form 4: Li-Cycle Holdings Corp. Executive Ajay Kochhar Reports Share Sale to Cover Tax Obligations

Ajay Kochhar, President and CEO of Li-Cycle Holdings Corp., reports selling shares to cover tax liabilities arising from the vesting of restricted stock units.

Summary

• On August 13, 2024, Ajay Kochhar, President and CEO of Li-Cycle Holdings Corp., sold 2,375 common shares at a price of $2.5 per share to cover tax obligations related to the vesting of restricted stock units (RSUs).
• Following the transaction, Kochhar directly owns 165,782 common shares, which includes 14,590 RSUs vesting between February 2, 2024, and January 27, 2026.
• Kochhar also indirectly owns 3,107,826 common shares through 2829908 Delaware LLC, where he has sole control over voting and disposition.
• All share numbers have been adjusted to reflect a 1-for-8 share consolidation that took place on June 3, 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment about the company's performance or prospects.

Industry Context

This filing is a routine disclosure related to insider transactions and is typical for publicly traded companies. It provides transparency into the trading activities of company executives.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates