Form 4: Li-Cycle Holdings Corp. President and CEO Ajay Kochhar Reports Share Sale to Cover Tax Obligations
SEC Form 4 Filing
Ajay Kochhar, President and CEO of Li-Cycle Holdings Corp., reports a sale of common shares to cover tax liabilities arising from the vesting of restricted stock units.
Summary
- This Form 4 filing details changes in beneficial ownership for Ajay Kochhar, President and CEO of Li-Cycle Holdings Corp.
- On January 31, 2025, Kochhar sold 1,266 common shares at a price of $1.015 per share to cover tax obligations related to the vesting of restricted stock units (RSUs).
- Following the transaction, Kochhar directly owns 161,307 common shares, including 139,829 RSUs.
- Additionally, 3,107,826 common shares are indirectly held through 2829908 Delaware LLC, where Kochhar has sole control over voting and disposition.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing relates to a routine transaction for tax purposes and doesn't indicate a significant change in the executive's confidence in the company.
Industry Context
This filing is a routine disclosure related to executive compensation and does not necessarily reflect a change in the company's overall prospects.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Date of transaction: Sale of 1,266 common shares. |
| 02/04/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Li-Cycle Holdings Corp., Ajay Kochhar, Beneficial Ownership, Restricted Stock Units, Tax Liabilities, Share Sale
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