CareDx (NASDAQ: CDNA) counsel's 2,688-share sale under 10b5-1
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CareDx, Inc. reported that its Secretary and General Counsel, Jeffrey Adam Novack, executed an open-market sale of 2,688 shares of common stock on May 5, 2026 at a weighted average price of 20.6775 per share. After the sale, he directly owned 113,924 shares of CareDx common stock. The transaction was effected under a pre-arranged Rule 10b5-1 trading plan, which had been adopted on September 4, 2025, and the sale prices ranged from 20.405 to 21.26 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,688 shares ($55,581)
Net Sell
1 txn
Insider
Novack Jeffrey Adam
Role
Secretary and General Counsel
Sold
2,688 shs ($56K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,688 | $20.6775 | $56K |
Holdings After Transaction:
Common Stock — 113,924 shares (Direct, null)
Footnotes (1)
- The transaction reported in this row was effected pursuant to a Rule 10b5-1 trading plan, adopted by the Reporting Person on September 4, 2025. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.405 to $21.26 per share, 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.
Key Figures
Shares sold: 2,688 shares
Weighted average sale price: 20.6775 per share
Price range of sales: 20.405 to 21.26 per share
+2 more
5 metrics
Shares sold
2,688 shares
Open-market sale of common stock on May 5, 2026
Weighted average sale price
20.6775 per share
Average price for 2,688 shares sold on May 5, 2026
Price range of sales
20.405 to 21.26 per share
Multiple transactions making up the reported sale
Shares owned after transaction
113,924 shares
Direct ownership by Jeffrey Novack following the sale
10b5-1 plan adoption date
September 4, 2025
Date Novack adopted Rule 10b5-1 trading plan
Key Terms
Rule 10b5-1 trading plan, weighted average price, open-market sale
3 terms
Rule 10b5-1 trading plan regulatory
"The transaction reported in this row was effected pursuant to a Rule 10b5-1 trading plan, adopted by the Reporting Person on September 4, 2025."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The reported price in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transaction did CareDx (CDNA) report for Jeffrey Novack?
CareDx reported an open-market sale by Jeffrey Novack of 2,688 common shares. The Secretary and General Counsel sold the shares at a weighted average price of 20.6775 per share and held 113,924 shares directly after the transaction, according to the Form 4 filing.
At what price did the CareDx (CDNA) insider sale occur?
The 2,688 CareDx shares were sold at a weighted average price of 20.6775 per share. The filing notes that the trades occurred in multiple transactions, with prices ranging between 20.405 and 21.26 per share, all on May 5, 2026.
Was the CareDx (CDNA) insider sale by Jeffrey Novack under a Rule 10b5-1 plan?
Yes. The filing states the transaction was effected under a Rule 10b5-1 trading plan. The plan was adopted on September 4, 2025, indicating the May 5, 2026 sale was pre-arranged rather than a discretionary same-day trading decision.
What does the weighted average price mean in the CareDx (CDNA) insider filing?
The weighted average price of 20.6775 per share reflects multiple trades within a price range. According to the Form 4 footnote, the 2,688 shares were sold between 20.405 and 21.26 per share, and the insider can provide detailed breakdowns on request.