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

Origin Materials' General Counsel, Joshua C. Lee, sold 8,784 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Joshua C. Lee, the General Counsel of Origin Materials, Inc., sold 8,784 shares of common stock on November 14, 2024.
• The sale was executed to cover tax withholding obligations associated with the vesting and settlement of restricted stock units.
• The shares were sold at a weighted-average price of $1.2416, with individual sales ranging from $1.24 to $1.245.
• Following the transaction, Mr. Lee directly owns 477,410 shares of Origin Materials common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes and does not indicate any positive or negative sentiment towards the company's performance or future prospects.

Industry Context

This is a routine transaction for company insiders to manage their tax obligations related to equity compensation. It is common for executives to sell shares to cover taxes when restricted stock units vest.

Comparison to Industry Standards

• Sales of shares by executives to cover tax obligations are a common practice across publicly traded companies.
• The sale of 8,784 shares is relatively small compared to the total outstanding shares of Origin Materials and is unlikely to have a significant impact on the stock price.
• Similar transactions are regularly reported by executives at other companies in the materials and chemical industries.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on the stock price, but it is not expected to be significant.

Key Dates

Keywords

Origin Materials, stock sale, Form 4, insider trading, Joshua C. Lee, tax obligations, restricted stock units, ORGN