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

Carl DeLuca, General Counsel and Corporate Secretary of Li-Cycle Holdings Corp., sold 840 common shares to cover tax liabilities arising from the vesting of restricted stock units.

Summary

• On January 27, 2025, Carl DeLuca, General Counsel and Corporate Secretary of Li-Cycle Holdings Corp., sold 840 common shares of the company.
• The sale was executed at a price of $1.075 per share.
• The transaction was conducted to cover the tax liability resulting from the vesting and settlement of restricted stock units (RSUs).
• Following the transaction, DeLuca still beneficially owns 100,832 securities, including 95,143 RSUs awarded under the company's 2021 Incentive Award Plan.
• These RSUs represent the contingent right to receive one common share each, 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.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It is common for executives to sell shares to cover tax obligations related to equity compensation.

Stakeholder Impact

• The sale of shares by an officer could have a minor negative impact on shareholder sentiment, but is unlikely to be significant given the small number of shares sold and the stated reason for the sale.

Key Dates