Form 4: Li-Cycle Holdings Corp. Executive Sells Shares to Cover Tax Obligations

Dawei Li, Chief Commercial Officer of Li-Cycle Holdings Corp., sold shares to cover tax liabilities arising from the vesting of restricted stock units.

Summary

• On January 31, 2025, Dawei Li, the Chief Commercial Officer of Li-Cycle Holdings Corp., sold 180 common shares.
• The sale was executed at a price of $1.015 per share.
• This transaction was an automatic 'sell to cover' to satisfy tax obligations related to the vesting of restricted stock units (RSUs).
• Following the transaction, Li directly owns 62,199 common shares, which includes 54,300 RSUs.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale to cover tax obligations and doesn't necessarily reflect a change in the executive's confidence in the company.

Industry Context

Executive share sales are a common occurrence, often related to compensation and tax obligations. The impact on the stock price is usually minimal unless the sale is substantial or indicative of a larger trend.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates

Keywords

Li-Cycle Holdings Corp, Dawei Li, Chief Commercial Officer, Form 4, Share Sale, Restricted Stock Units, RSUs, Tax Liabilities, Beneficial Ownership, LICY