Xometry (NASDAQ: XMTR) director’s spouse sells $1.09 million of stock under preset plan

What happened

Randolph Altschuler, a director of Xometry, Inc. (NASDAQ: XMTR), reported sales of 10,000 Class A shares on Nov. 5 for about $1.09 million.

The shares are held by Altschuler's spouse. They were sold automatically under a Rule 10b5-1 trading plan that the spouse adopted at least 90 days before the trading date, according to the Form 4.

The sales ran in eight blocks at weighted average prices from $104.79 to $113.45 per share. The largest block was 2,358 shares at $109.74.

After the sales, the spouse's holding stood at 531,270 Class A shares. Altschuler separately lists 423,029 Class A shares and 1,475,311 Class B shares held directly, plus Class A shares in four family trusts. The Form 4 was signed Nov. 6.

Key numbers

Metric	Latest	Change	Source
Class A shares sold Nov. 5	10,000 shares		SEC Form 4
Total proceeds	about $1.09 million		SEC Form 4
Weighted average price range across blocks	$104.79 to $113.45		SEC Form 4
Spouse-held Class A shares after the sales	531,270 shares		SEC Form 4
Share of spouse-held position sold	1.8%		Calculated from SEC Form 4

Read more: Xometry (XMTR) company research

Why it matters

By OptimistFi's calculation, the sale was 1.8% of the 541,270 shares the spouse held before the trades. That is a small slice of one account within Altschuler's wider family holdings. The Form 4 reports the spouse-held shares as indirect ownership.

The plan is the main caveat for anyone reading the sale as a signal. The Form 4 checks the box showing the trades were meant to satisfy the Rule 10b5-1(c) affirmative defense. It says the shares were sold automatically under a plan adopted in advance, so the sale may reflect a schedule rather than a fresh view of Xometry.

OptimistFi has argued that Xometry's marketplace, supplier network and embedded services can build a higher-margin platform with improving cash generation. A small plan-based sale by a director's spouse does not test that view, so the case is unchanged.

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What's next

The next test is Xometry's next quarterly report, which will update the cash generation and profitability that OptimistFi's case rests on.

Another Form 4 would be the next read on insider activity. Sales from the direct or trust holdings, or trades made outside a plan, would carry more weight than this one.

More from OptimistFi

• XMTR stock: research and coverage of Xometry
• Stock research on every company OptimistFi covers

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