Form 4: Xometry COO Peter Goguen Sells Shares to Cover Tax Obligations

Xometry's Chief Operating Officer, Peter Goguen, sold shares of Class A Common Stock on January 3, 2025, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On January 3, 2025, Peter Goguen, the Chief Operating Officer of Xometry, Inc., sold shares of Class A Common Stock.
• A total of 940 shares were sold in two separate transactions.
• 862 shares were sold at a weighted average price of $42.2989.
• 78 shares were sold at a price of $42.99.
• The sales were executed automatically under a pre-arranged Rule 10b5-1 trading plan adopted at least 90 days prior to the transaction date.
• The purpose of the sales was to cover tax withholding obligations associated with the vesting of restricted stock units.
• Following the reported transactions, Goguen still beneficially owns 167,993 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction for tax purposes under a pre-existing plan. It doesn't necessarily indicate a negative view of the company's prospects, but it's not a positive signal either.

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

Insider sales are a common occurrence, especially to cover tax obligations related to equity compensation. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on current market sentiment.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders due to the slight dilution of shares, but the impact is likely minimal given the relatively small number of shares sold.

Key Dates