Form 4: Xometry CFO Sells Shares Under Pre-Arranged 10b5-1 Plan

Xometry's Chief Financial Officer, James Miln, sold a total of 12,272 shares of Class A Common Stock on March 2, 2026, under a pre-arranged 10b5-1 trading plan.

Summary

• James Miln, Chief Financial Officer of Xometry, Inc. (XMTR), reported the sale of 12,272 shares of Class A Common Stock.
• The transactions occurred on March 2, 2026.
• The sales were executed automatically pursuant to a Rule 10b5-1 trading plan, which was adopted at least 90 days prior to the trading date.
• A portion of the shares (1,400, 8,174, and 1,198 shares) were sold to cover tax withholding obligations related to the vesting of restricted stock units.
• The shares were sold at weighted average prices ranging from approximately $41.04 to $42.59 per share.
• Following these transactions, James Miln directly beneficially owns 160,851 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. While it involves insider selling, the execution under a 10b5-1 plan and the stated reason of covering tax obligations mitigate negative interpretations, making it a routine transaction.

Positives

• The sales were conducted under a Rule 10b5-1 trading plan, indicating pre-scheduled transactions rather than discretionary sales based on new, non-public information.
• A significant portion of the sales were explicitly stated to cover tax withholding obligations related to restricted stock unit vesting, which is a common and often non-discretionary reason for insider sales.

Negatives

• The Chief Financial Officer sold a notable number of shares, which could be perceived by some investors as a lack of confidence, despite the pre-arranged nature of the sales.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding Xometry's future performance or outlook.

Industry Context

StockSavvy.ai notes that insider sales executed under Rule 10b5-1 plans are a common practice among corporate executives. These plans allow insiders to sell a predetermined number of shares at a predetermined time or price, providing an affirmative defense against insider trading allegations. Such sales are generally viewed as less indicative of management's sentiment about the company's future prospects compared to discretionary, open-market sales.

Stakeholder Impact

• Shareholders may note the insider sale, but the pre-arranged nature and tax-related reasons are likely to temper any significant concerns.

Key Dates

Recommendation

The filing details a routine insider stock sale by the CFO under a pre-arranged 10b5-1 plan, partly to cover tax obligations. This type of transaction is generally not considered a strong indicator of future company performance or management's sentiment, and therefore, does not warrant a change in investment recommendation based solely on this information. A 'hold' recommendation is appropriate as this filing alone does not provide new material information to alter an existing investment thesis.

Keywords

Xometry, XMTR, Form 4, Insider Trading, Stock Sale, CFO, 10b5-1 Plan, Restricted Stock Units, Tax Withholding