Form 4: Xometry CFO James Miln Sells Shares to Cover Tax Obligations

Xometry's CFO, James Miln, executed sales of Class A Common Stock on January 3, 2025, to cover tax withholding obligations related to vesting restricted stock units, as part of a pre-arranged Rule 10b5-1 trading plan.

Summary

• On January 3, 2025, James Miln, the CFO of Xometry, Inc., sold shares of Class A Common Stock.
• The sales were executed under a pre-arranged Rule 10b5-1 trading plan.
• A total of 5,386 shares were sold in two transactions at weighted average prices of $42.255 and $42.9779.
• The sales were made to cover tax withholding obligations associated with the vesting of restricted stock units.
• Following the transactions, Miln directly owns 102,329 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock sales by a company executive. The sales are related to tax obligations and conducted under a pre-arranged plan, suggesting no particular cause for alarm or excitement.

Positives

• The sales were conducted under a pre-arranged Rule 10b5-1 trading plan, indicating they were planned well in advance and not based on immediate market conditions.

Industry Context

Executive stock sales are a common occurrence in publicly traded companies. They are often related to compensation and tax planning. The use of a 10b5-1 plan is a standard practice to avoid insider trading concerns.

Stakeholder Impact

• The stock sales may have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely to be minimal given the relatively small number of shares involved.

Key Dates