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

Joshua C. Lee, General Counsel of Origin Materials, Inc., sold 1,400 shares of common stock on January 2, 2025, to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

• On January 2, 2025, Joshua C. Lee, the General Counsel of Origin Materials, Inc., sold 1,400 shares of the company's common stock.
• The sale was executed at a price of $1.195 per share.
• This transaction was conducted under a pre-arranged 10b5-1 trading plan established on September 13, 2024.
• The purpose of the sale was to cover tax withholding obligations associated with the vesting and settlement of restricted stock units.
• Following the transaction, Lee directly owns 628,385 shares of Origin Materials' common stock.

Sentiment

Score: 5

Explanation: The document reports a routine stock sale for tax purposes, which is neither particularly positive nor negative.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and are generally viewed as routine transactions.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant effect given the routine nature of the transaction.

Key Dates