CareDx (NASDAQ: CDNA) CEO has 35,037 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CareDx, Inc. President and CEO Hanna John Walter JR reported a routine tax-related share withholding. On issuance of shares upon vesting of restricted stock units, 35,037 shares of common stock were withheld at $17.87 per share to satisfy tax withholding obligations. After this non‑market transaction, he directly holds 748,806 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 | 35,037 | $17.87 | $626K |
Holdings After Transaction:
Common Stock — 748,806 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 35,037 shares
Withholding price per share: $17.87 per share
Shares held after transaction: 748,806 shares
3 metrics
Shares withheld for taxes
35,037 shares
Common stock withheld to satisfy tax withholding obligations
Withholding price per share
$17.87 per share
Price used for tax-withholding disposition on vested RSU shares
Shares held after transaction
748,806 shares
Direct CareDx common stock holdings after tax-withholding transaction
Key Terms
restricted stock units, tax withholding obligations, tax-withholding disposition, Form 4
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"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
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.
FAQ
What insider transaction did CareDx (CDNA) report for Hanna John Walter JR?
CareDx reported that President and CEO Hanna John Walter JR had 35,037 common shares withheld for taxes. The withholding occurred in connection with shares issued upon vesting of restricted stock units, and was not an open-market purchase or sale of stock.
Was the CareDx (CDNA) CEO’s Form 4 transaction an open-market sale?
No, the CEO’s Form 4 transaction was a tax-withholding disposition, not an open-market sale. Shares were withheld by CareDx to cover tax obligations arising from the vesting of restricted stock units and related share issuance to the executive.