Form 4: Origin Materials CEO Sells Shares to Cover Tax Obligations

Origin Materials CEO John Bissell sold 20,828 shares of common stock on March 5, 2025, to cover tax withholding obligations related to the vesting and settlement of performance stock units.

Summary

• On March 5, 2025, John Bissell, CEO and Director of Origin Materials, Inc., sold 20,828 shares of common stock.
• The sale was executed at a weighted-average price ranging from $0.8514 to $0.8575, with an average of $0.8535.
• The transaction was conducted to cover tax withholding obligations associated with the vesting and settlement of performance stock units.
• Following the transaction, Bissell directly owns 2,105,402 shares of Origin Materials, Inc.
• The sale was not a discretionary transaction but rather a 'sell to cover' transaction to satisfy tax obligations.

Sentiment

Score: 6

Explanation: The document describes a routine transaction (selling shares to cover taxes) and doesn't indicate any significant positive or negative sentiment. It's a neutral event.

Industry Context

Sales to cover tax obligations are a common practice among executives receiving equity compensation. This transaction reflects a standard procedure for managing tax liabilities associated with stock vesting.

Stakeholder Impact

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

Key Dates

Keywords

Origin Materials, John Bissell, stock sale, Form 4, tax obligations, performance stock units, ORGN, CEO