Biodesix (BDSX) CDO exercises RSUs and sells shares to cover taxes
Rhea-AI Filing Summary
Biodesix Inc. Chief Development Officer Gary Anthony Pestano reported equity transactions involving company stock. On February 9, 2026, he acquired 1,481 shares of Common Stock through the exercise/conversion of restricted stock units (RSUs), bringing his direct holdings to 9,927 shares.
On February 10, 2026, 540 shares of Common Stock were sold at a weighted average price of $10.0841 per share, automatically to cover taxes upon RSU vesting. After this tax-related sale, Pestano directly owned 9,387 shares of Biodesix Common Stock. The filing also notes RSU grants that vest over time and that the reported RSU numbers reflect a one-for-twenty reverse stock split effective September 15, 2025.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 540 | $10.0841 | $5K |
| Exercise | Restricted Stock Units | 68 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,413 | $0.00 | -- |
| Exercise | Common Stock | 1,481 | $0.00 | -- |
Footnotes (1)
- Each restricted stock unit (the "RSU") represents a contingent right to receive one share of the Issuer's Common Stock. These shares of the Issuer's Common Stock were sold automatically to cover taxes upon the vesting of RSUs. The price reported in Column 4 is a weighted average price of all shares sold on the transaction date by the Issuer's broker to cover taxes upon the vesting of RSUs for certain employees of the Issuer, including the Reporting Person. These shares were sold in multiple transactions at prices ranging from $9.94 to $10.21, inclusive. The Reporting Person undertakes to provide to 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 this footnote. These RSUs vested in a series of sixteen successive quarterly installments measured from February 8, 2022, generally subject to the Reporting Person's continued service with the Issuer, and had no expiration date. These numbers have been adjusted to reflect the one-for-twenty reverse stock split effective September 15, 2025. These RSUs vest in a series of four successive equal annual installments measured from February 8, 2023, generally subject to the Reporting Person's continued service with the Issuer, and have no expiration date.
FAQ
What insider transactions did Biodesix (BDSX) Chief Development Officer report?
Biodesix Chief Development Officer Gary Anthony Pestano reported exercising restricted stock units into 1,481 Common shares on February 9, 2026. He then had 540 shares sold the next day at a weighted average price of $10.0841 to cover taxes triggered by the RSU vesting.
What restricted stock unit activity did Biodesix (BDSX) disclose for this insider?
The Form 4 shows RSUs converting into 1,481 Common shares on February 9, 2026 and remaining RSUs totaling 1,412 units. Footnotes explain these RSUs vest in scheduled quarterly and annual installments, contingent on continued service, and have no expiration dates.
How did Biodesix (BDSX) reverse stock split affect the RSU numbers in this filing?
The filing notes that certain RSU-related numbers were adjusted for a one-for-twenty reverse stock split effective September 15, 2025. This means the RSU and share figures now reflect the post-split structure, aligning outstanding awards and reported holdings with the new share ratio.
What price range applied to the Biodesix (BDSX) insider’s tax-cover sale?
The reported weighted average sale price was $10.0841 per share, but the broker sold shares in multiple trades between $9.94 and $10.21. The insider undertakes to provide detailed trade-by-trade pricing information to interested parties upon request.