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

Origin Materials Co-CEO John Bissell sold 36,000 shares to cover tax obligations related to vesting restricted stock units.

Summary

• John Bissell, Co-CEO and Director of Origin Materials, Inc., sold 36,000 shares of common stock on December 13, 2024.
• The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock units.
• The shares were sold at a weighted-average price of $1.1434, with individual sales ranging from $1.13 to $1.145.
• Following the transaction, Bissell beneficially owns 1,581,230 shares of Origin Materials common stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction for tax purposes, which is neither positive nor negative for the company's outlook.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The sale is not unusual and is consistent with standard compensation practices.
• Many companies use 'sell to cover' transactions to manage tax liabilities for their employees.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Origin Materials, John Bissell, stock sale, tax obligations, restricted stock units, Form 4, insider trading