AI entrepreneur Lukas Biewald joins Xometry (NASDAQ: XMTR) board
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Xometry, Inc. appointed AI entrepreneur Lukas Biewald to its Board of Directors effective May 20, 2026, serving as a Class I director through the 2028 annual meeting and joining the Nominating and Corporate Governance Committee.
As a non-employee director, he will receive an initial restricted stock unit award with a grant date value of $380,000 and a prorated 2026 annual RSU award valued at $116,375, both based on the average closing price of Xometry’s common stock over the twenty trading days before the grant date. The initial RSUs vest in three equal annual installments, and the 2026 annual RSUs vest on January 1, 2027, subject to continued service. He is also eligible for future annual RSU awards targeted at $190,000, plus an annual cash retainer of $50,000 for Board service and $5,000 for committee service, which he may elect to receive in RSUs.
The company will enter into its standard indemnification agreement with Biewald. Xometry highlighted his background as co-founder and former CEO of Weights & Biases and SVP, AI Initiatives at CoreWeave, noting how his experience scaling AI platforms aligns with Xometry’s AI-native manufacturing marketplace and recent launches of personalized pricing and design-for-manufacturability capabilities.
Positive
- None.
Negative
- None.
8-K Event Classification
3 items: 5.02, 7.01, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Initial RSU award value: $380,000
Prorated 2026 annual RSU award: $116,375
Standard annual RSU target: $190,000
+5 more
8 metrics
Initial RSU award value
$380,000
Grant date value for non-employee director under 2021 Equity Incentive Plan
Prorated 2026 annual RSU award
$116,375
Value representing 7.35 months of 2026 Board service
Standard annual RSU target
$190,000
Target grant date value for future annual director RSU awards
Annual Board cash retainer
$50,000
Yearly cash retainer for Board service, elective in RSUs
Committee cash retainer
$5,000
Annual cash retainer for Nominating and Corporate Governance Committee service
Effective appointment date
May 20, 2026
Date Lukas Biewald joined the Xometry Board as Class I director
Annual vesting schedule
3 installments
Initial RSU award vests over three years on grant anniversaries
Annual award vest date
January 1, 2027
Vesting date for prorated 2026 annual RSU award
Key Terms
restricted stock units, 2021 Equity Incentive Plan, Nominating and Corporate Governance Committee, indemnification agreement, +2 more
6 terms
restricted stock units financial
"an initial equity award (the “Initial RSU Award”) of restricted stock units (“RSUs”) pursuant to the Company’s 2021 Equity Incentive Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2021 Equity Incentive Plan financial
"restricted stock units (“RSUs”) pursuant to the Company’s 2021 Equity Incentive Plan (the “Plan”)"
Nominating and Corporate Governance Committee financial
"The Board also appointed Mr. Biewald as a member of the Nominating and Corporate Governance Committee"
A nominating and corporate governance committee is a group within a company's board of directors responsible for selecting and recommending individuals to serve as company leaders, such as directors or executives. They also develop and oversee policies to ensure the company is run fairly, ethically, and transparently. This committee matters to investors because it helps ensure the company is well-managed and guided by qualified, responsible leadership.
indemnification agreement regulatory
"the Company and Mr. Biewald will enter into the Company’s standard form of indemnification agreement"
An indemnification agreement is a contract in which one party promises to cover losses, costs, or legal claims that another party might face, acting like a tailored safety net or private insurance policy. For investors, it matters because such agreements shift potential financial risk away from a company or its officers and onto the indemnifier, which can affect a company’s future liabilities, cash flow and how risky the investment appears during deal-making or litigation.
Regulation FD regulatory
"Item 7.01. Regulation FD Disclosure. On May 21, 2026, the Company issued a press release"
Regulation FD is a rule that prevents company insiders, like executives, from sharing important information with some people before others get it. It matters because it helps ensure all investors have equal access to key news, making the stock market fairer and reducing chances of insider trading.
emerging growth company regulatory
"Emerging growth company Item 5.02. Departure of Directors or Certain Officers"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
FAQ
What did Xometry (XMTR) announce in this 8-K filing?
Xometry announced the appointment of Lukas Biewald to its Board of Directors, effective May 20, 2026. He will serve as a Class I director, join the Nominating and Corporate Governance Committee, and receive equity and cash compensation under the company’s non-employee director program.
What equity compensation will Lukas Biewald receive from Xometry (XMTR)?
Lukas Biewald will receive an initial RSU award valued at $380,000 and a prorated 2026 annual RSU award valued at $116,375. Both are based on the average closing price over twenty trading days before grant, with vesting tied to continued Board service.
How is Lukas Biewald’s cash compensation structured at Xometry (XMTR)?
He will be paid an annual cash retainer of $50,000 for Board service and $5,000 for serving on the Nominating and Corporate Governance Committee. These 2026 amounts are prorated, and he can elect to receive them in restricted stock units instead of cash.
What is Lukas Biewald’s professional background relevant to Xometry (XMTR)?
Lukas Biewald is co-founder and former CEO of Weights & Biases and SVP, AI Initiatives at CoreWeave. His career focuses on AI infrastructure and tools used by engineering teams, which Xometry views as aligned with its AI-native manufacturing marketplace strategy.
How do Lukas Biewald’s RSU awards at Xometry (XMTR) vest?
The initial RSU award vests in three equal annual installments on the first, second, and third anniversaries of the grant date. The prorated 2026 annual RSU award vests on January 1, 2027, in each case subject to his continued service on the Board.