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

Xometry's Chief Technology Officer, Raghavan Vaidyanathan, reported the sale of Class A Common Stock under a pre-arranged 10b5-1 trading plan.

Summary

• Raghavan Vaidyanathan, Chief Technology Officer of Xometry, Inc., reported transactions involving the sale of Class A Common Stock.
• These sales occurred on July 2, 2026, and were executed under a Rule 10b5-1 trading plan.
• The plan was adopted at least 90 days prior to the trading date, satisfying affirmative defense conditions.
• The sales were also utilized to cover tax withholding obligations related to the vesting of restricted stock units.
• A total of 1,727 shares were sold across multiple transactions at weighted average prices ranging from $90.48 to $96.56.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. While it reports stock sales by an executive, the transactions were conducted under a pre-established 10b5-1 plan and for tax withholding, which are standard procedures.

Positives

• The sales were conducted under a Rule 10b5-1 plan, indicating pre-planned and potentially less market-impacting transactions.
• The use of the plan satisfies affirmative defense conditions, suggesting adherence to regulatory guidelines.
• The sales were also used to cover tax withholding obligations, a common and expected event for executives upon vesting of equity awards.

Negatives

• The reporting person sold a significant number of shares (1,727) in a single reporting period.
• The sales represent a reduction in the reporting person's direct beneficial ownership of Xometry's Class A Common Stock.

Risks

• While executed under a 10b5-1 plan, significant insider selling can sometimes be interpreted negatively by the market, potentially impacting share price.
• The need to cover tax withholding obligations suggests that the executive may not have sufficient cash to cover these liabilities without selling stock.

Future Outlook

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

Industry Context

StockSavvy.ai notes that insider selling, even when conducted under a Rule 10b5-1 plan, is a common event for executives and often relates to personal financial planning, such as tax obligations. However, significant sales can sometimes be a signal to the market, depending on the volume and the executive's role.

Stakeholder Impact

• Shareholders: May observe the sale of shares by a key executive, which could be interpreted in various ways, though the 10b5-1 plan mitigates concerns about opportunistic trading.
• Employees: The sale of stock by management can influence employee morale and perception of the company's future prospects.
• Creditors: No direct impact is expected.
• Customers: No direct impact is expected.
• Suppliers: No direct impact is expected.

Next Steps

• No specific next steps are outlined in this filing, as it is a report of completed transactions.

Key Dates

Keywords

Xometry, XMTR, Form 4, Insider Trading, 10b5-1 Plan, Stock Sale, Raghavan Vaidyanathan, Chief Technology Officer, Class A Common Stock, SEC Filing