Form 4: Origin Materials Director Sells Shares to Cover Tax Obligations
SEC Form 4
Director Pia Johanna Heidenmark Cook sold 4,640 shares of Origin Materials (ORGN) at $0.9844 per share to cover tax withholding obligations related to the vesting of restricted stock units.
Summary
- Pia Johanna Heidenmark Cook, a director of Origin Materials, Inc. (ORGN), sold 4,640 shares of common stock on June 25, 2024.
- The shares were sold at a price of $0.9844 per share.
- The sale was executed to cover tax withholding obligations associated with the vesting and settlement of restricted stock units.
- Following the transaction, Cook directly owns 118,558 shares of Origin Materials common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover taxes) and doesn't contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and directors.
Key Dates
| Date | Description |
|---|---|
| 06/25/2024 | Date of the transaction (sale of shares). |
| 06/26/2024 | Date of signature on the Form 4 filing. |
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