Long Robert Buell 4

What Happened

• Robert Buell, CFO of NOVONIX Ltd (NVX), had performance-based derivative awards lapse and be disposed/cancelled. The Form 4 reports three derivative dispositions (code J) on 2026-06-30 totaling 4,576,670 shares: 1,363,398; 2,069,142; and 1,144,130 — all at $0 per share (no cash proceeds). The filing notes the lapse occurred on cessation of employment. This is not a cash sale or open-market transaction but a cancellation of performance rights.

Key Details

• Transaction date: 2026-06-30 (filed on 2026-07-01)
• Reported disposition lots and prices: 1,363,398 @ $0; 2,069,142 @ $0; 1,144,130 @ $0 (derivative awards lapsed)
• Total affected: 4,576,670 performance-rights-equivalent shares, total value reported $0
• Shares owned after transaction: Not specified in the provided filing excerpt
• Remark on form: "Lapse of performance rights on cessation of employment"
• Timeliness: Form 4 filed 2026-07-01 (one day after the transaction); appears to meet the standard two-business-day Form 4 filing requirement

Context

• These transactions reflect the lapse/cancellation of performance rights tied to employment, not an insider selling stock into the market. Such lapses typically occur when awards vesting conditions are unmet or employment ends; they do not generate proceeds for the insider and therefore are not a purchase signal.