Form 4: Xometry Executive Matthew Leibel Executes Stock Options and Sells Shares

Matthew Leibel, Chief Technology Officer of Xometry, Inc., exercised stock options and sold a portion of the acquired shares to cover tax obligations.

Summary

• On July 1, 2024, Matthew Leibel, the Chief Technology Officer of Xometry, Inc., exercised stock options to acquire 6,507 and 4,995 shares of Class A Common Stock at a price of $3.65 per share.
• Following these transactions, Leibel directly owns 81,683 shares and 86,678 shares of Class A Common Stock.
• On July 3, 2024, Leibel sold 360 shares of Class A Common Stock at a weighted average price of $11.7556 per share, with prices ranging from $11.64 to $11.905.
• These shares were sold to cover tax withholding obligations related to the vesting of restricted stock units.
• The sale was executed automatically pursuant to a Rule 10b5-1 trading plan adopted by Leibel at least 90 days prior to the trading date.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions. The sales are partly to cover tax obligations, which is a common practice.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common among publicly traded companies. Investors often monitor these filings to gain insights into management's perspective on the company's stock and future prospects.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, but the disclosure indicates it was partly to cover tax obligations and executed under a pre-arranged trading plan, which mitigates potential concerns.

Key Dates