CareDx (CDNA) General Counsel has 2,873 shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CareDx, Inc. reported a routine insider tax-related transaction by its Secretary and General Counsel, Jeffrey Adam Novack. On May 1, 2026, 2,873 shares of common stock were withheld by the company at $21.50 per share to cover tax obligations arising from the vesting of restricted stock units. After this withholding, Novack directly held 116,612 shares of CareDx common stock. This was a compensation-related tax-withholding event, not an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Novack Jeffrey Adam
Role
Secretary and General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,873 | $21.50 | $62K |
Holdings After Transaction:
Common Stock — 116,612 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 2,873 shares
Withholding price: $21.50 per share
Shares held after transaction: 116,612 shares
+1 more
4 metrics
Shares withheld for taxes
2,873 shares
Common stock withheld on May 1, 2026
Withholding price
$21.50 per share
Value used for tax-withholding shares
Shares held after transaction
116,612 shares
Direct common stock holdings after withholding
Tax-withholding shares count
2,873 shares
Reported as tax withholding in transaction summary
Key Terms
restricted stock units, tax withholding obligations, Form 4
3 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.
FAQ
What insider transaction did CareDx (CDNA) report for Jeffrey Adam Novack?
CareDx reported a routine tax-related disposition. The company withheld 2,873 shares from Secretary and General Counsel Jeffrey Adam Novack to satisfy tax obligations tied to vesting restricted stock units, rather than an open-market sale or purchase.
What was the effective price used for the CareDx (CDNA) tax withholding?
The shares withheld for taxes were valued at $21.50 per share. CareDx used this price when retaining 2,873 shares from Jeffrey Adam Novack to satisfy tax obligations associated with the vesting of restricted stock units.
Does the CareDx (CDNA) Form 4 indicate option exercises or other derivatives?
The Form 4 excerpt shows no derivative exercises. It records only a non-derivative transaction where 2,873 common shares were withheld for tax obligations upon restricted stock unit vesting, with no remaining derivative positions listed in the provided data.