CareDx (CDNA) counsel has 1,292 shares withheld for RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CareDx, Inc. reported that Secretary and General Counsel Jeffrey Adam Novack had 1,292 shares of common stock withheld by the company at $21.95 per share to cover tax obligations tied to the vesting of restricted stock units. After this tax-withholding disposition, he directly holds 112,632 shares of CareDx common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Novack Jeffrey Adam
Role
Secretary and General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,292 | $21.95 | $28K |
Holdings After Transaction:
Common Stock — 112,632 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 1,292 shares
Tax withholding price: $21.95 per share
Shares owned after transaction: 112,632 shares
3 metrics
Shares withheld for taxes
1,292 shares
Tax-withholding disposition on common stock
Tax withholding price
$21.95 per share
Valuation for withheld shares
Shares owned after transaction
112,632 shares
Direct ownership after tax withholding
Key Terms
restricted stock units, tax withholding obligations, withheld by the Issuer
3 terms
restricted stock units financial
"in connection with the issuance of shares upon the vesting of restricted stock units"
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.
tax withholding obligations financial
"withheld by the Issuer in order to satisfy certain tax withholding obligations"
withheld by the Issuer financial
"These shares were withheld by the Issuer in order to satisfy certain tax withholding obligations"
FAQ
What insider transaction did CareDx (CDNA) report for Jeffrey Adam Novack?
CareDx reported that Jeffrey Adam Novack had 1,292 common shares withheld to satisfy tax obligations from restricted stock unit vesting. This was a tax-withholding disposition by the issuer, not an open-market sale or discretionary trade by Novack.
Was the CareDx (CDNA) Form 4 transaction an open-market sale by the insider?
No. The Form 4 describes a tax-withholding disposition where 1,292 shares were withheld by CareDx to satisfy tax obligations upon RSU vesting. It was not an open-market sale initiated by Jeffrey Adam Novack.