Joshua C. Lee - Dec 23, 2024 Form 4 Insider Report for Origin Materials, Inc. (ORGN)

Role
General Counsel
Signature
/s/ Joshua C. Lee
Stock symbol
ORGN
Transactions as of
Dec 23, 2024
Transactions value $
-$25,623
Form type
4
Date filed
12/31/2024, 04:15 PM
Previous filing
Dec 17, 2024
Next filing
Jan 6, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ORGN Common Stock Award $0 +225K +52.35% $0.00 655K Dec 23, 2024 Direct F1
transaction ORGN Common Stock Sale -$25.6K -25K -3.82% $1.02 630K Dec 27, 2024 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents the number of shares of Common Stock underlying restricted stock units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Common Stock. The RSUs vest over three years with 1/3 vesting on each annual anniversary of December 23, 2024, provided that Reporting Person continues to provide services to the Company through each vesting date.
F2 The sales reported on this Form 4 represent shares sold by the Reporting Person (pursuant to a 10b5-1 Plan dated September 13, 2024) to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units. The sales were to satisfy tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary transactions by the Reporting Person.
F3 Price reported is a weighted-average sales price. The shares were sold at prices ranging from $1.01 to $1.035. The reporting person will provide upon request to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.