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

Xometry's Chief Operating Officer, Peter Goguen, sold 3,943 shares of Class A Common Stock on March 20, 2024, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On March 20, 2024, Peter Goguen, the Chief Operating Officer of Xometry, Inc., sold 3,943 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $17.6072 per share, with individual transactions ranging from $17.01 to $17.93.
• The transaction was conducted automatically under a pre-arranged Rule 10b5-1 trading plan.
• The purpose of the sale was to cover tax withholding obligations associated with the vesting of restricted stock units.
• Following the transaction, Goguen directly owns 197,211 shares of Xometry, Inc.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (stock sale for tax obligations) and doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Industry Context

This is a routine Form 4 filing, disclosing an insider transaction. It's common for executives to sell shares to cover tax obligations related to stock vesting. The use of a 10b5-1 plan suggests the sale was 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, but the pre-planned nature of the sale mitigates this concern.

Key Dates