Form 4: Solid Power's Chief Technology Officer Sells Shares to Cover Tax Obligations

Joshua Buettner-Garrett, Chief Technology Officer of Solid Power, Inc., sold 4,416 shares of common stock on September 30, 2024, to cover tax obligations arising from the vesting of restricted stock units.

Summary

• On September 30, 2024, Joshua Buettner-Garrett, the Chief Technology Officer of Solid Power, Inc. (SLDP), disposed of 4,416 shares of common stock.
• The transaction was executed to satisfy the reporting person's tax obligation upon the vesting of restricted stock units.
• The shares were sold at a price of $1.37 per share.
• Following the transaction, Buettner-Garrett directly owns 869,720 shares of Solid Power's common stock.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction to cover tax obligations and doesn't necessarily reflect a change in the executive's confidence in the company.

Industry Context

This is a routine Form 4 filing, indicating a transaction by a company insider. Such filings are common and provide transparency into the trading activities of company executives and directors. The sale of shares to cover tax obligations is a typical occurrence when restricted stock units vest.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, but it is a common practice to cover tax obligations.

Key Dates