CareDx (CDNA) GC has 3,987 shares withheld for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CareDx, Inc. reported that Secretary and General Counsel Jeffrey Adam Novack had 3,987 shares of common stock withheld on April 1, 2026 to cover tax obligations tied to the vesting of restricted stock units. These shares were retained by the company rather than sold in the market. After this tax-withholding transaction, he directly holds 121,377 shares of CareDx common stock.
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 | 3,987 | $17.87 | $71K |
Holdings After Transaction:
Common Stock — 121,377 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 3,987 shares
Tax-withholding price: $17.87 per share
Shares held after transaction: 121,377 shares
3 metrics
Shares withheld for taxes
3,987 shares
Tax-withholding disposition on April 1, 2026
Tax-withholding price
$17.87 per share
Value used for 3,987 withheld shares
Shares held after transaction
121,377 shares
Direct CareDx common stock holdings post-transaction
Key Terms
restricted stock units, tax withholding obligations, tax-withholding disposition
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"
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
What insider transaction did CareDx (CDNA) report for Jeffrey Novack?
CareDx reported that Secretary and General Counsel Jeffrey Adam Novack had 3,987 common shares withheld to satisfy tax obligations from vesting restricted stock units. This was a tax-withholding event, not an open-market sale or purchase of CareDx shares.
Does the CareDx (CDNA) Form 4 show an open-market sale by Jeffrey Novack?
No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were withheld by CareDx to cover tax liabilities related to the vesting of restricted stock units granted to Jeffrey Novack.