Biodesix (NASDAQ: BDSX) CDO logs RSU conversion and tax-driven share sale
Rhea-AI Filing Summary
Biodesix Inc's Chief Development Officer, Gary Pestano, reported routine equity compensation activity. On January 15, 2026, 805 restricted stock units converted into 805 shares of Biodesix common stock at an exercise price of $0 per share, reflecting previously granted RSUs that each represent one share. The RSU figures and related share amounts have been adjusted for a one-for-twenty reverse stock split effective September 15, 2025.
On January 16, 2026, 298 shares of common stock were sold at a weighted average price of $8.1493 per share, with the shares automatically sold to cover taxes due upon RSU vesting. After these transactions, Pestano beneficially owned 8,446 shares of common stock and 1,609 RSUs, which vest in four equal annual installments starting January 15, 2024, generally contingent on continued service.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 298 | $8.1493 | $2K |
| Exercise | Restricted Stock Units | 805 | $0.00 | -- |
| Exercise | Common Stock | 805 | $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 $8.10 to $8.28, 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 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 January 15, 2024, generally subject to the Reporting Person's continued service with the Issuer, and have no expiration date.
FAQ
What insider transactions did Biodesix (BDSX) report for Gary Pestano?
The filing shows that Gary Pestano, Chief Development Officer of Biodesix, had 805 restricted stock units convert into 805 shares of common stock on January 15, 2026, and 298 shares of common stock were sold on January 16, 2026 to cover taxes related to RSU vesting.
What happened to Gary Pestano’s restricted stock units in Biodesix (BDSX)?
On January 15, 2026, 805 restricted stock units converted into 805 shares of Biodesix common stock at an exercise price of $0 per share. These RSUs are part of a grant that vests in four equal annual installments starting on January 15, 2024.
What are the vesting terms of Gary Pestano’s Biodesix (BDSX) RSUs?
The RSUs vest in a series of four equal annual installments starting from January 15, 2024, generally subject to Gary Pestano’s continued service with Biodesix, and they have no expiration date.