MacDonald Chad 4
4 · AirJoule Technologies Corp. · Filed Jun 10, 2026
Research Summary
AI-generated summary of this filing
AirJoule (AIRJ) Chief Legal Officer Chad MacDonald Sells Shares
What Happened
Chad MacDonald, Chief Legal Officer of AirJoule Technologies Corp. (AIRJ), sold a total of 7,307 shares via open-market transactions on June 8–9, 2026. The filings report 5,320 shares sold on 2026-06-08 at a weighted average price of $4.65 (total ~$24,719) and 1,987 shares sold on 2026-06-09 at a weighted average price of $4.50 (total ~$8,938), for combined proceeds of approximately $33,657. According to the filing, these sales were mandatory "sell-to-cover" transactions to satisfy tax withholding on vested restricted stock units (RSUs) and were not discretionary trades by the reporting person.
Key Details
- Transaction dates and prices:
- 2026-06-08: 5,320 shares sold, weighted avg $4.65 (individual trades ranged $4.62–$4.68) (F2).
- 2026-06-09: 1,987 shares sold, weighted avg $4.50 (individual trades ranged $4.45–$4.58) (F3).
- Total sold: 7,307 shares for ~ $33,657.
- Reason: Mandatory sell-to-cover for RSU tax withholding (F1); not a discretionary sale.
- Shares owned after the transaction: Not stated in the excerpt of the Form 4 provided.
- Filing timeliness: Report filed 2026-06-10; appears to be filed within the standard Form 4 reporting window (timely).
Context
Sell-to-cover transactions are routine tax-withholding events when RSUs vest and do not necessarily indicate insider sentiment about the company. Footnotes indicate the reported prices are weighted averages across multiple trades; the reporting person has offered to provide per-trade price details on request to the issuer, shareholders, or SEC staff.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2]2026-06-08$4.65/sh−5,320$24,719→ 46,067 total - Sale
Class A Common Stock
[F1][F3]2026-06-09$4.50/sh−1,987$8,938→ 44,080 total
Footnotes (3)
- [F1]Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of the restricted stock unit award. The sales were effected through a mandatory "sell to cover" transaction that did not represent a discretionary trade by the Reporting Person.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.62 to $4.68. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnotes (2) and (3) of this Form 4.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.45 to $4.58.