BDSX Insider Filing: Robin Cowie RSU Vesting and Tax Sale Details
Rhea-AI Filing Summary
Robin Harper Cowie, Biodesix (BDSX) officer reported the vesting of 3,157 restricted stock units (RSUs on 08/12/2025) representing rights to 3,157 shares, which increased the reporting persons beneficial ownership to 251,782 shares. The following day (08/13/2025) 988 shares were sold at a weighted average price of $0.4163 to cover taxes arising from the vesting, leaving 250,794 shares beneficially owned. The filing shows the reporting person holds 6,313 RSUs in total that vest in 16 quarterly installments beginning February 8, 2022 and have no expiration date.
This transaction is a routine equity compensation settlement and tax withholding sale rather than an open-market disposition for liquidity; the reporting person remains a significant shareholder and continues to hold vested shares and unvested RSUs.
Positive
- Reporting person retains significant ownership: 250,794 shares beneficially owned after transactions
- RSU program supports retention: 6,313 RSUs remain subject to time-based vesting
Negative
- 988 shares were sold to cover taxes, reducing immediate share count; sale price weighted average $0.4163
Insights
TL;DR: Routine insider disclosure of RSU vesting and tax-withholding sale; maintains significant ownership.
The Form 4 documents standard equity compensation mechanics: 3,157 RSUs vested and 988 shares sold automatically to satisfy tax withholding obligations at a weighted average price of $0.4163. The reporting person remains a substantial holder with 250,794 shares and 6,313 outstanding RSUs. This filing does not indicate a discretionary sale for cash needs or a change in control intent; it is consistent with retention incentives through time-based vesting.
TL;DR: Vesting schedule and tax-cover sale consistent with standard executive compensation administration.
The RSUs vest in 16 quarterly installments starting February 8, 2022 and have no expiration, suggesting multi-year retention design. The automatic sale of 988 shares to cover taxes is an administrative action common on vesting events; the weighted average sale price range reported ($0.4076 to $0.43) reflects broker execution across multiple trades. From a compensation perspective, the net effect is increased realized ownership aligned with service-based vesting.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 988 | $0.4163 | $411.30 |
| Exercise | Restricted Stock Units | 3,157 | $0.00 | -- |
| Exercise | Common Stock | 3,157 | $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 $0.4076 to $0.43, 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 vest 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 have no expiration date.
