Altschuler Randolph 4
Research Summary
AI-generated summary
Xometry (XMTR) CEO Randolph Altschuler Receives RSUs, Sells Shares
What Happened
- Randolph Altschuler, CEO of Xometry, reported an award and subsequent open‑market sales. The filing shows an award of 108,860 restricted stock units (RSUs) (reported as acquisition A at $0.00) tied to a March 2025 performance grant; the board certified achievement of the 2025 performance metrics on Feb 24, 2026 and one‑third of the RSUs vested on that date (see footnote F1). On Feb 26, 2026 he sold a total of 31,928 shares in multiple open‑market transactions for combined proceeds of approximately $1,387,101.
- These transactions are mostly sales (routine liquidity/tax-related activity) following a vesting event; some shares sold were to cover tax withholding obligations (F8) and at least some sales were effected under a Rule 10b5‑1 trading plan (F7).
Key Details
- Acquisition: 108,860 RSUs reported (A) at $0.00; footnote F1 states 1/3 vested on 2026‑02‑24 (≈36,287 shares), remainder vest in 2027 and 2028 subject to service.
- Sales (all 2026‑02‑26; total sold = 31,928 shares; total proceeds ≈ $1,387,101):
- 2,189 shares at $41.37 (weighted avg; range $40.905–$41.88) — $90,552 (F9)
- 2,603 shares at $42.59 (weighted avg; range $41.93–$42.93) — $110,865 (F10)
- 18,764 shares at $43.43 (weighted avg; range $42.94–$43.93) — $814,951 (F11)
- 8,372 shares at $44.28 (weighted avg; range $43.96–$44.81) — $370,733 (F12)
- Notable footnotes: F1 (performance‑based RSU vesting schedule), F7 (10b5‑1 trading plan), F8 (sales to cover tax withholding), F9–F12 (weighted average prices and price ranges).
- Shares owned after the transactions: not specified in the provided filing excerpt.
- Filing timeliness: Report covers period ending 2026‑02‑24 and was filed 2026‑02‑26 — appears timely (not marked late).
Context
- These were principally non‑cash RSU vesting and subsequent open‑market sales; RSU vesting increases reported beneficial ownership but selling of vested shares is common for tax withholding or diversification. The presence of a 10b5‑1 plan indicates at least some sales were pre‑scheduled/automatic rather than discretionary. This filing reports routine executive compensation vesting and related liquidity rather than a fresh market purchase.