Form 4: Origin Materials General Counsel Sells Shares to Cover Tax Obligations

Origin Materials' General Counsel, Joshua C. Lee, sold shares to cover tax obligations related to vesting restricted stock units and exercising incentive stock options.

Summary

• Joshua C. Lee, General Counsel of Origin Materials, Inc., sold a total of 47,625 shares of common stock on December 13, 2024.
• The sales were executed in two separate transactions, with 17,625 shares sold at a weighted average price of $1.0811 and 30,000 shares sold at a weighted average price of $1.0788.
• These sales were primarily to cover tax withholding obligations associated with the vesting of restricted stock units and the exercise of incentive stock options.
• The first sale was to satisfy tax withholding obligations and was not a discretionary transaction.
• The second sale was made pursuant to a pre-arranged 10b5-1 plan dated September 13, 2024.
• Following these transactions, Mr. Lee beneficially owns 429,785 shares of Origin Materials common stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to insider transactions and does not indicate any positive or negative sentiment. It is a neutral event.

Industry Context

This is a routine filing related to insider transactions and is common for executives who receive equity compensation. It does not indicate any specific trend in the broader industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this transaction is consistent with typical executive stock sales for tax purposes.
• Many executives use 10b5-1 plans to avoid accusations of insider trading, and this is a common practice across the industry.
• The sale of shares to cover tax obligations is a normal occurrence for executives with equity compensation.

Stakeholder Impact

• The stock sales may have a minor impact on the stock price, but it is unlikely to be significant given the nature of the transaction.

Key Dates

Keywords

Origin Materials, stock sale, Form 4, insider trading, tax obligations, restricted stock units, incentive stock options, 10b5-1 plan, Joshua C. Lee, General Counsel