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

Christopher J. Biederman, Chief Technology Officer of Li-Cycle Holdings Corp., sold 526 common shares to cover tax liabilities arising from the vesting of restricted stock units.

Summary

• On January 27, 2025, Christopher J. Biederman, the Chief Technology Officer of Li-Cycle Holdings Corp., sold 526 common shares at a price of $1.075 per share.
• The sale was executed to cover tax obligations related to the vesting and settlement of restricted stock units (RSUs).
• Following the transaction, Biederman directly owns 90,076 shares, which includes 73,004 RSUs awarded under the company's 2021 Incentive Award Plan.
• Each RSU represents the right to receive one common share of Li-Cycle Holdings Corp., subject to time-vesting conditions and continued service.
• The number of RSUs has been adjusted to reflect a share consolidation that occurred 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 Form 4 filing.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing an executive's stock sale to cover tax obligations, which is neutral in sentiment.

Industry Context

This is a routine Form 4 filing related to insider transactions. It is common for executives to sell shares to cover tax obligations arising from the vesting of stock awards.

Key Dates