Form 4: Solid Power COO Derek Colby Johnson Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Solid Power's Chief Operating Officer, Derek Colby Johnson, disposed of 9,659 shares of common stock on May 12, 2024, to satisfy tax obligations related to vesting restricted stock units.
Summary
- On May 12, 2024, Derek Colby Johnson, the Chief Operating Officer of Solid Power, Inc. (SLDP), disposed of 9,659 shares of common stock.
- The transaction was executed to cover tax obligations arising from the vesting of restricted stock units.
- The shares were sold at a price of $1.72 per share.
- Following the transaction, Johnson directly owns 853,090 shares of Solid Power common stock.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no inherent positive or negative implications for the company's performance.
Industry Context
Form 4 filings are a routine part of the US stock market and are required by the SEC to ensure transparency of trading by corporate insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations related to stock-based compensation.
Key Dates
| Date | Description |
|---|---|
| 05/12/2024 | Date of transaction: Derek Colby Johnson disposed of shares to cover tax obligations. |
| 05/13/2024 | Date of signature on the Form 4 filing. |
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