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 |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 7,432 | $4.90 | $36K |
| Grant/Award | Common Stock | 24,452 | $0.00 | -- |
| Grant/Award | Common Stock | 6,250 | $0.00 | -- |
Footnotes (1)
- Represents the vesting of Common Stock previously awarded pursuant to the terms of terms of the Reporting Person's employment agreement. Represents the vesting of Common Stock previously awarded pursuant to the Company's employee equity compensation plan. Represents the sale of Common Stock to cover tax liability associated with the vesting of the aforementioned Common Stock.