Form 4: Origin Materials CFO Sells Shares for Tax Obligations
Insider Transaction Report
Origin Materials' CFO and COO, Matthew T. Plavan, sold 12,000 shares of common stock to cover tax withholding obligations related to restricted stock unit vesting.
Summary
- Matthew T. Plavan, CFO and COO of Origin Materials, Inc. (ORGN), disposed of 12,000 shares of common stock on January 16, 2026.
- The shares were sold at a weighted-average price of $0.1994 per share, with prices ranging from $0.1993 to $0.2001.
- The transaction was a 'sell to cover' to satisfy tax withholding obligations associated with the vesting and settlement of restricted stock units.
- This sale was not a discretionary transaction by the reporting person.
- Following the transaction, Matthew T. Plavan beneficially owns 1,308,231 shares of Origin Materials common stock.
Sentiment
Score: 5
Explanation: The transaction is a routine 'sell to cover' for tax purposes, indicating a neutral sentiment as it is not a discretionary sale reflecting a change in the insider's view of the company's prospects.
Future Outlook
N/A
Management Comments
- The sales reported on this Form 4 represent shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units.
- The sales were to satisfy tax withholding obligations to be funded by a 'sell to cover' transaction and do not represent discretionary transactions by the Reporting Person.
Industry Context
This Form 4 filing details an individual insider transaction and does not provide broader industry context or trends.
Stakeholder Impact
- Shareholders: The sale of shares by a key executive for tax purposes is a routine event and typically has minimal impact on shareholder sentiment or company valuation, as it does not signal a change in management's confidence.
Key Dates
| Date | Description |
|---|---|
| 01/16/2026 | Date of transaction where Matthew T. Plavan disposed of common stock. |
| 01/20/2026 | Date the Form 4 was signed by Matthew T. Plavan's attorney-in-fact. |
Recommendation
holdThe filing reports a non-discretionary 'sell to cover' transaction by a key executive to satisfy tax obligations related to equity vesting. This type of transaction is routine and does not reflect a change in the executive's investment sentiment or the company's fundamentals. Therefore, it provides no new information that would warrant a change in investment recommendation based solely on this filing.
Keywords
Origin Materials, ORGN, Matthew T. Plavan, CFO, COO, stock sale, Form 4, insider transaction, restricted stock units, tax withholding
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