ABAT filing: Jolcover sells 7,432 shares at $4.90 to cover taxes
Rhea-AI Filing Summary
Scott Jolcover, Chief Mineral Resource Officer of AMERICAN BATTERY TECHNOLOGY Co (ABAT), reported multiple transactions on Form 4. On 10/01/2025 he had 24,452 shares vest under his employment agreement and 6,250 shares vest under the company equity plan, increasing his holdings. On 10/02/2025 he sold 7,432 shares at $4.90 per share to cover tax withholding from the vesting events. After these transactions his direct beneficial ownership is reported as 332,213 shares.
Positive
- 30,702 shares vested on 10/01/2025 (24,452 employment award; 6,250 company plan)
- Vesting aligns executive compensation with continued service under the employment agreement and equity plan
Negative
- Sale of 7,432 shares at $4.90 on 10/02/2025 reduced direct holdings to 332,213 shares
Insights
Insider received equity and sold shares for taxes; net holdings declined slightly.
The filing shows two vesting events totaling 30,702 shares on 10/01/2025 tied to his employment agreement and the company equity plan, which aligns compensation with continued service.
The subsequent sale of 7,432 shares at $4.90 on 10/02/2025 is explicitly for tax withholding related to the vesting. Net reported direct ownership after the activity is 332,213 shares, down from an intermediate post-vest total of 339,645.
Vesting and sell-to-cover are routine equity-compensation mechanics.
The two vesting entries indicate both an employment-agreement award (24,452 shares) and an award under the company plan (6,250 shares). The sale of 7,432 shares to satisfy tax obligations is documented and priced at $4.90 per share.
This filing discloses the mechanics and amounts only; there are no option exercises or derivative transactions disclosed.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 7,432 | $4.90 | $36K |
| Grant/Award | Common Stock | 24,452 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 6,250 | $0.00 | $0.00 |
Footnotes (3)
- F1. Represents the vesting of Common Stock previously awarded pursuant to the terms of terms of the Reporting Person's employment agreement.
- F2. Represents the vesting of Common Stock previously awarded pursuant to the Company's employee equity compensation plan.
- F3. Represents the sale of Common Stock to cover tax liability associated with the vesting of the aforementioned Common Stock.
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