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

Peter Goguen, COO of Xometry, Inc., sold shares of Class A Common Stock on April 4, 2024, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On April 4, 2024, Peter Goguen, the Chief Operating Officer of Xometry, Inc., sold shares of Class A Common Stock.
• The sales were executed in two transactions at weighted average prices of $17.9871 and $18.4013.
• A total of 622 shares were sold in the first transaction and 318 shares in the second.
• The sales were conducted automatically under a pre-arranged Rule 10b5-1 trading plan.
• The purpose of the sales was to cover tax withholding obligations associated with the vesting of restricted stock units.
• Following the reported transactions, Goguen directly owns 196,271 shares of Class A Common Stock.

Sentiment

Score: 5

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

Industry Context

This is a routine Form 4 filing, common for corporate insiders who sell shares. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on current market information.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, although the pre-planned nature and reason for the sale (tax obligations) mitigate this concern.

Key Dates