Form 4: Origin Materials' General Counsel Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Joshua C. Lee, General Counsel of Origin Materials, Inc., sold 10,441 shares of common stock to cover tax withholding obligations related to the vesting and settlement of performance stock units.
Summary
- On March 5, 2025, Joshua C. Lee, the General Counsel of Origin Materials, Inc., sold 10,441 shares of the company's common stock.
- The sale was executed to cover tax withholding obligations associated with the vesting and settlement of performance stock units.
- The shares were sold at a weighted-average price of $0.8549, with individual prices ranging from $0.8545 to $0.8554.
- Following the transaction, Lee directly owns 692,944 shares of Origin Materials' common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine sale of shares to cover tax obligations and does not necessarily reflect a change in the executive's outlook on the company.
Industry Context
Sales of shares to cover tax obligations are a routine part of equity compensation for company executives. This transaction is not necessarily indicative of the executive's sentiment about the company's future prospects.
Key Dates
| Date | Description |
|---|---|
| 03/05/2025 | Date of transaction: Joshua C. Lee sold shares of Origin Materials' common stock. |
| 03/07/2025 | Date of signature on the Form 4 filing. |
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