Form 4: Xometry CTO Sells Shares Under 10b5-1 Plan

Xometry's Chief Technology Officer, Raghavan Vaidyanathan, has sold a total of 1,725 shares of Class A Common Stock under a pre-arranged Rule 10b5-1 trading plan, with proceeds used to cover tax withholding obligations.

Summary

• Raghavan Vaidyanathan, Chief Technology Officer of Xometry, Inc., reported the sale of 1,725 shares of Class A Common Stock.
• The transactions occurred on April 2, 2026, and were executed under a Rule 10b5-1 trading plan, indicating they were pre-arranged.
• A portion of the sales (1,541 shares) were to cover tax withholding obligations related to the vesting of restricted stock units.
• The sales were conducted at weighted average prices, with one batch ranging from $40.19 to $40.68 and another from $41.255 to $42.185.
• Following these transactions, Vaidyanathan beneficially owns 142,643 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. While it involves stock sales by a key executive, the transactions were conducted under a pre-arranged Rule 10b5-1 plan and for tax withholding purposes, which are standard and expected events.

Positives

• The transactions were conducted under a Rule 10b5-1 plan, which is designed to provide an affirmative defense against insider trading allegations by establishing a pre-determined trading strategy.
• The sales were primarily to cover tax withholding obligations, a common and expected event for executives upon vesting of equity awards.

Negatives

• The reporting person disposed of company stock, which could be perceived negatively by the market, although the context of a 10b5-1 plan and tax withholding mitigates this concern.
• The total value of the shares sold is approximately $70,000 based on the reported prices.

Risks

• While the sales were made under a Rule 10b5-1 plan, any significant stock sales by key executives can sometimes lead to negative investor sentiment.
• The company's stock performance is subject to market conditions and the company's ongoing business performance, which could impact the value of remaining holdings.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing, as it solely reports on past transactions.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions. The use of a Rule 10b5-1 plan by Xometry's CTO is a common practice for executives to manage their stock holdings and comply with trading regulations while diversifying their personal assets or meeting financial obligations.

Corporate Governance

Stakeholder Impact

• Shareholders: The sale of shares by an executive may be monitored, but the use of a 10b5-1 plan and tax withholding purpose suggests it is a routine event rather than a signal of negative outlook.
• Employees: The transaction relates to executive compensation and tax obligations, with no direct impact on other employees.
• Management: Reinforces the importance of compliance with insider trading regulations and the utility of 10b5-1 plans.

Next Steps

• Continued adherence to the Rule 10b5-1 trading plan for any future transactions.
• Ongoing reporting of any changes in beneficial ownership as required by Section 16 of the Securities Exchange Act of 1934.

Key Dates

Keywords

Xometry, XMTR, Form 4, Insider Trading, Rule 10b5-1, Stock Sale, Executive Compensation, Restricted Stock Units, Tax Withholding, Raghavan Vaidyanathan, Chief Technology Officer