CareDx counsel has 1,892 shares withheld for taxes
CareDx, Inc. Secretary and General Counsel Jeffrey Adam Novack reported a routine tax-related share disposition.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
CareDx, Inc. Secretary and General Counsel Jeffrey Adam Novack reported a routine tax-related share disposition. On the vesting of restricted stock units, 1,892 shares of common stock were withheld by the company at an implied value of $17.82 per share to cover tax obligations.
After this withholding, Novack directly holds 119,485 shares of CareDx common stock, indicating he retains a substantial equity stake even after satisfying these tax liabilities.
Insider Trade Summary
Exercise Price or Tax Liability: 1,892 shares
Exercise Price or Tax Liability
1 txn
Insider
Novack Jeffrey Adam
Role
Secretary and General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,892 | $17.82 | $34K |
Holdings After Transaction:
Common Stock — 119,485 shares (Direct)
Holdings Before and After:
Common Stock, 121,377 to 119,485 shares (Direct)
Footnotes (1)
- F1. These shares were withheld by the Issuer in order to satisfy certain tax withholding obligations in connection with the issuance of shares upon the vesting of restricted stock units.
Key Figures
Shares withheld for taxes: 1,892 shares
Implied share value: $17.82 per share
Shares held after transaction: 119,485 shares
3 metrics
Shares withheld for taxes
1,892 shares
Tax-withholding disposition on RSU vesting
Implied share value
$17.82 per share
Value used for tax-withholding shares
Shares held after transaction
119,485 shares
Direct common stock holdings after withholding
Key Terms
restricted stock units, tax withholding obligations, Form 4, Common Stock, +1 more
5 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.
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did CareDx (CDNA) report for Jeffrey Adam Novack?
CareDx reported that Secretary and General Counsel Jeffrey Adam Novack had 1,892 shares of common stock withheld to satisfy tax obligations from vested restricted stock units. This is a tax-withholding disposition, not an open-market sale of shares.
Does the CareDx (CDNA) Form 4 show an open-market sale by Jeffrey Novack?
No, the filing shows a tax-withholding disposition, where shares were withheld by CareDx to pay taxes on vesting restricted stock units. It does not reflect an open-market decision to sell shares into the market.
What does transaction code F mean in the CareDx (CDNA) Form 4?
Transaction code F indicates payment of an exercise price or tax liability by delivering or withholding securities. In this case, 1,892 shares were withheld by CareDx to cover tax obligations arising from the vesting of restricted stock units awarded to Jeffrey Novack.
AI-generated analysis. How Rhea-AI works. Not financial advice.
