Form 4: Origin Materials CFO Matthew Plavan Sells 120,000 Shares to Cover Tax Obligations

Origin Materials' CFO, Matthew Plavan, sold 120,000 shares of common stock to cover tax withholding obligations related to the vesting and settlement of restricted stock units.

Summary

• Matthew Plavan, the Chief Financial Officer of Origin Materials, Inc., sold 120,000 shares of the company's common stock on November 4, 2024.
• The sale was executed to cover tax withholding obligations associated with the vesting and settlement of restricted stock units.
• The shares were sold at a weighted-average price of $1.3155, with individual prices ranging from $1.29 to $1.35.
• Following the transaction, Plavan directly owns 1,223,088 shares of Origin Materials' common stock.

Sentiment

Score: 5

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

Industry Context

Form 4 filings are routine disclosures required by the SEC when company insiders, like the CFO, trade their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's value and future prospects. However, sales to cover tax obligations are generally viewed as less informative than discretionary sales.

Stakeholder Impact

• The sale of shares by a company insider may cause short-term fluctuations in the stock price, but the impact is likely to be minimal since it was for tax obligations.

Key Dates