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

Xometry's CFO, James Miln, sold 1,346 shares of Class A Common Stock on April 2, 2025, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On April 2, 2025, James Miln, the CFO of Xometry, Inc., sold 1,346 shares of Class A Common Stock.
• The sale was executed automatically under a pre-arranged Rule 10b5-1 trading plan.
• The shares were sold at a weighted average price of $25.1309.
• The price range for individual transactions was between $24.74 and $25.455.
• The purpose of the sale was to cover tax withholding obligations associated with the vesting of restricted stock units.
• Following the transaction, Miln directly owns 144,713 shares of Xometry, Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The transaction is a routine sale to cover tax obligations and was pre-planned. It doesn't necessarily reflect a negative outlook on the company.

Positives

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

Industry Context

Executive stock sales are a common occurrence, particularly to cover tax obligations related to equity compensation. The use of a 10b5-1 plan suggests a proactive approach to compliance and avoids potential accusations of insider trading.

Stakeholder Impact

• The sale of shares by a company executive could be perceived negatively by some shareholders, although the use of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

Xometry, James Miln, CFO, stock sale, Form 4, Rule 10b5-1, tax obligations, restricted stock units, XMTR