CareDx (NASDAQ: CDNA) CCO covers RSU taxes with 7,386 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CareDx, Inc. Chief Commercial Officer Jessica Meng reported a tax-related share disposition tied to vested restricted stock units. On the vesting of these RSUs, 7,386 shares of Common Stock were withheld by CareDx at $17.87 per share to cover tax withholding obligations.
After this non-market, tax-withholding transaction, Meng directly holds 169,392 shares of CareDx common stock. The event reflects routine share withholding for taxes rather than an open-market sale or purchase decision.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Meng Jessica
Role
Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 7,386 | $17.87 | $132K |
Holdings After Transaction:
Common Stock — 169,392 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 7,386 shares
Withholding price per share: $17.87 per share
Shares held after transaction: 169,392 shares
3 metrics
Shares withheld for taxes
7,386 shares
Withheld to satisfy tax obligations on vested RSUs
Withholding price per share
$17.87 per share
Value used for RSU-related tax withholding
Shares held after transaction
169,392 shares
Direct CareDx common stock holdings after tax withholding
Key Terms
restricted stock units, tax withholding obligations, Form 4, Common Stock
4 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.
FAQ
What insider transaction did CareDx (CDNA) report for Jessica Meng?
CareDx Chief Commercial Officer Jessica Meng had 7,386 shares withheld to pay taxes on vested restricted stock units. These shares were not sold in the market but retained by the company to satisfy tax withholding obligations tied to her equity compensation.
Was the CareDx (CDNA) Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. The 7,386 CareDx shares were withheld by the company to cover tax obligations when restricted stock units vested, a common administrative mechanism rather than a discretionary decision to sell shares on the open market.