CareDx (NASDAQ: CDNA) grants 9,795 RSUs to board member Riggsbee
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CareDx, Inc. reported that director Richard Bryan Riggsbee acquired 9,795 shares of common stock through a grant of restricted stock units. These RSUs were awarded at no cash cost per share and are a form of equity compensation, not an open-market purchase.
According to the filing, all of the RSUs vest 100% on the earlier of the one-year anniversary of the grant date or the day immediately before the first Annual Meeting that occurs after the grant date, subject to his continuous service. Following this award, Riggsbee directly holds 39,312 shares of CareDx common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
1 transaction reported
Mixed
1 txn
Insider
Riggsbee Richard Bryan
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 9,795 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 39,312 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 9,795 shares
Grant price: $0.00 per share
Shares owned after grant: 39,312 shares
3 metrics
RSUs granted
9,795 shares
Restricted stock unit award to director on grant date
Grant price
$0.00 per share
Reported transaction price for RSU award
Shares owned after grant
39,312 shares
Director’s direct CareDx common stock holdings post-transaction
Key Terms
restricted stock units ("RSUs"), Annual Meeting, continuous service
3 terms
restricted stock units ("RSUs") financial
"The reported securities are represented by restricted stock units ("RSUs"), of which the RSUs vests 100%"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Annual Meeting financial
"on the earlier of the one year anniversary of grant or the day immediately before the first Annual Meeting"
A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.
continuous service financial
"after the grant date., subject to the Reporting Person's continuous service on each applicable vesting date."
FAQ
What did CareDx (CDNA) director Richard Bryan Riggsbee report in this Form 4?
Director Richard Bryan Riggsbee reported receiving 9,795 restricted stock units in CareDx common stock as an equity grant. The award was made at no cash cost per share and increased his direct holdings to 39,312 shares after the transaction.
What are the vesting terms of Richard Bryan Riggsbee’s new CareDx (CDNA) RSUs?
The 9,795 restricted stock units vest 100% on the earlier of the one-year anniversary of the grant or the day immediately before the first Annual Meeting after the grant. Vesting requires Riggsbee’s continuous service through the applicable vesting date.
What is Richard Bryan Riggsbee’s total direct ownership in CareDx (CDNA) after this RSU grant?
After the restricted stock unit grant, Riggsbee directly owns 39,312 shares of CareDx common stock. This figure includes the newly awarded 9,795 RSU-based shares that were added to his previously held position, as reported in the Form 4 filing.