ABAT (ABAT) CEO adds stock via awards and tax-withholding share delivery
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AMERICAN BATTERY TECHNOLOGY Co CEO Ryan Mitchell reported routine equity compensation and related tax withholding in company stock. On June 2, he acquired 29,674 shares of common stock at $0.71 per share as part of a grant, and 9,323 shares were withheld to cover tax liabilities tied to that vesting. On June 1, he received an additional 33,384 shares at no cost from a prior award and an employee stock purchase plan. After these transactions, he directly holds 2,996,240 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Melsert Ryan Mitchell
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 9,323 | $3.77 | $35K |
| Grant/Award | Common Stock | 29,674 | $0.71 | $21K |
| Grant/Award | Common Stock | 33,384 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 2,996,240 shares (Direct, null)
Footnotes (1)
- 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. Represents the purchase of Common Stock pursuant to the Company's employee stock purchase plan.
Key Figures
Stock award 1: 29,674 shares at $0.71
Tax-withholding shares: 9,323 shares at $3.77
Stock award 2: 33,384 shares
+1 more
4 metrics
Stock award 1
29,674 shares at $0.71
Common Stock grant on June 2
Tax-withholding shares
9,323 shares at $3.77
Shares delivered to cover tax liability
Stock award 2
33,384 shares
Common Stock grant on June 1 at no cost
Post-transaction holdings
2,996,240 shares
Common Stock held directly after Form 4 transactions
Key Terms
employee equity compensation plan, tax liability, employee stock purchase plan, Grant, award, or other acquisition
4 terms
employee equity compensation plan financial
"Represents the vesting of Common Stock previously awarded pursuant to the Company's employee equity compensation plan."
tax liability financial
"Represents the sale of Common Stock to cover tax liability associated with the vesting of the aforementioned Common Stock."
employee stock purchase plan financial
"Represents the purchase of Common Stock pursuant to the Company's employee stock purchase plan."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transactions did ABAT CEO Ryan Mitchell report on this Form 4?
Ryan Mitchell reported receiving two stock awards and a related tax-withholding share disposition. He acquired 29,674 shares at $0.71, 33,384 shares at no cost, and 9,323 shares were withheld to satisfy tax obligations from vesting.
Were Ryan Mitchell’s ABAT stock transactions open-market buys or sells?
The transactions were not open-market trades. They reflect stock awards vesting under an equity plan, shares purchased through an employee stock purchase plan, and shares withheld to cover associated tax liabilities, rather than discretionary market purchases or sales.
What does the tax-withholding transaction on Ryan Mitchell’s ABAT Form 4 represent?
The tax-withholding entry reflects 9,323 shares delivered to cover tax liability from vesting stock. According to the footnote, these shares were used to satisfy taxes associated with previously awarded common stock, rather than an open-market sale decision.
What is the significance of the employee stock purchase plan in this ABAT Form 4?
One footnote states that part of the reported activity represents a purchase under the employee stock purchase plan. Such plans typically allow employees to buy company stock through payroll contributions, adding to their ownership alongside equity compensation grants.