CareDx (CDNA) CFO & COO reports RSU tax withholding, holds 219,924 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CareDx, Inc. executive Keith Kennedy, the CFO and COO, reported a routine tax-related share disposition linked to equity compensation. The company withheld 2,930 shares of common stock at $29.25 per share to cover tax obligations arising from the vesting of restricted stock units, rather than an open-market sale. After this withholding, Kennedy directly holds 219,924 shares of CareDx common stock. His holdings also include 1,306 shares acquired under the company’s Employee Stock Purchase Plan on June 30, 2026, reflecting ongoing participation in employee ownership programs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kennedy Keith
Role
CFO & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,930 | $29.25 | $86K |
Holdings After Transaction:
Common Stock — 219,924 shares (Direct, null)
Footnotes (1)
- 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. Includes 1,306 shares acquired under the Issuer's Employee Stock Purchase Plan on June 30, 2026.
Key Figures
Shares withheld for taxes: 2,930 shares
Implied share value for withholding: $29.25 per share
Shares held after transaction: 219,924 shares
+1 more
4 metrics
Shares withheld for taxes
2,930 shares
Withheld to satisfy tax withholding obligations on RSU vesting
Implied share value for withholding
$29.25 per share
Valuation used for 2,930 withheld shares
Shares held after transaction
219,924 shares
Direct CareDx common stock holdings after withholding
ESPP shares included in holdings
1,306 shares
Acquired under Employee Stock Purchase Plan on June 30, 2026
Key Terms
restricted stock units, tax withholding obligations, Employee Stock Purchase Plan
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"
Employee Stock Purchase Plan financial
"Includes 1,306 shares acquired under the Issuer's Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
FAQ
What did CareDx (CDNA) executive Keith Kennedy report in this Form 4?
Keith Kennedy reported a tax-related share disposition. CareDx withheld 2,930 shares to satisfy tax obligations from vested restricted stock units, leaving him with 219,924 directly held shares, including 1,306 recently acquired through the Employee Stock Purchase Plan.
How are restricted stock units involved in this CareDx (CDNA) Form 4?
Restricted stock units vested for Keith Kennedy, triggering a tax liability. To meet these tax obligations, CareDx withheld 2,930 shares that would otherwise have been delivered, a standard mechanism in stock-based compensation plans.
What role does the Employee Stock Purchase Plan play in Keith Kennedy’s CareDx (CDNA) holdings?
The Form 4 states Kennedy’s holdings include 1,306 shares acquired through CareDx’s Employee Stock Purchase Plan on June 30, 2026. This indicates he is actively participating in the company’s employee share purchase program in addition to receiving equity awards.