CareDx (CDNA) CEO has 8,511 shares withheld for RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CareDx, Inc. President and CEO John Walter Hanna Jr. reported a routine tax-withholding share disposition. On the vesting of restricted stock units, 8,511 shares of common stock were withheld by the company at an implied value of $29.25 per share to cover tax obligations. After this withholding, he directly holds 653,448 shares of CareDx common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hanna John Walter JR
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 8,511 | $29.25 | $249K |
Holdings After Transaction:
Common Stock — 653,448 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 8,511 shares
Implied price per share: $29.25 per share
Shares held after transaction: 653,448 shares
3 metrics
Shares withheld for taxes
8,511 shares
Tax withholding on RSU vesting for CEO
Implied price per share
$29.25 per share
Value used for tax-withholding disposition
Shares held after transaction
653,448 shares
CEO direct holdings following withholding
Key Terms
restricted stock units, tax withholding obligations, Form 4, Common Stock
4 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"
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did CareDx (CDNA) report for its CEO?
CareDx CEO John Walter Hanna Jr. reported a tax-related share disposition. The company withheld 8,511 shares upon RSU vesting to satisfy withholding taxes, rather than an open-market sale, leaving him with 653,448 directly held shares afterward.
Was the CareDx (CDNA) CEO’s Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. Shares were withheld by CareDx to cover tax obligations tied to restricted stock unit vesting, a common administrative event that does not reflect discretionary selling in the market by the executive.
What does transaction code “F” mean in the CareDx (CDNA) Form 4?
Transaction code “F” indicates shares used to pay an exercise price or tax liability. In this CareDx filing, it shows 8,511 shares were withheld by the issuer to cover tax withholding obligations from restricted stock unit vesting for the CEO.