Form 4: Xometry CTO Matthew Leibel Sells Shares to Cover Tax Obligations

Xometry's Chief Technology Officer, Matthew Leibel, sold a portion of his Class A Common Stock to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On April 4, 2024, Matthew Leibel, the Chief Technology Officer of Xometry, Inc., sold shares of Class A Common Stock.
• The sales were executed automatically under a pre-arranged Rule 10b5-1 trading plan.
• A total of 360 shares were sold in two separate transactions.
• 235 shares were sold at a weighted average price of $17.9719, with individual prices ranging from $17.36 to $18.275.
• 125 shares were sold at a weighted average price of $18.3987, with individual prices ranging from $18.365 to $18.44.
• The sales were conducted to cover tax withholding obligations associated with the vesting of restricted stock units.
• Following the reported transactions, Leibel directly owns 75,176 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document describes a routine stock sale by an executive to cover tax obligations. It doesn't contain any information that would be considered significantly positive or negative for the company's outlook.

Industry Context

Sales by company insiders are a common occurrence and are often related to personal financial planning or diversification. The use of a 10b5-1 trading plan suggests the sales were pre-planned and not based on any inside information.

Stakeholder Impact

• The stock sale may have a minor, temporary impact on shareholders due to the increased supply of shares in the market.

Key Dates