Form 4: Origin Materials Director R. Tony Tripeny Reports Acquisition and Disposal of Common Stock
SEC Form 4 Filing
Director R. Tony Tripeny reports acquiring 272,642 shares underlying restricted stock units and disposing of 73,000 shares held by a trust.
Summary
- R. Tony Tripeny, a director of Origin Materials, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On May 6, 2025, Tripeny acquired 272,642 shares of Common Stock underlying restricted stock units (RSUs).
- These RSUs vest on the earlier of May 6, 2026, or the Issuer's next annual meeting of stockholders, contingent upon continued service to the company.
- Tripeny also disposed of 73,000 shares of Common Stock held indirectly through a revocable trust dated December 14, 2022.
- Following these transactions, Tripeny directly owns 627,773 shares of Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Future Outlook
The vesting of the RSUs is contingent upon continued service to the company through the vesting date, indicating an incentive for the director to remain with the company.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor the actions of those with privileged information.
Stakeholder Impact
- The transactions may provide insights to shareholders regarding the director's view of the company's prospects.
Key Dates
| Date | Description |
|---|---|
| December 14, 2022 | Date of the Revocable Trust of R. Tony Tripeny |
| May 6, 2025 | Date of the transaction involving acquisition of RSUs and disposal of shares |
| May 6, 2026 | Vesting date of RSUs, or earlier if the Issuer's next annual meeting of stockholders occurs before this date |
| May 8, 2025 | Date of signature of the Form 4 filing |
Keywords
Form 4, Beneficial Ownership, Origin Materials, ORGN, Director, R. Tony Tripeny, Restricted Stock Units, RSUs, Common Stock, Securities
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