CODX insider Richard Abbott logs RSU vest and tax-driven sale
Rhea-AI Filing Summary
Co-Diagnostics, Inc. (CODX) president Richard David Abbott reported equity compensation activity in company stock. On November 23, 2025, 56,667 shares of common stock were acquired at $0.00 per share upon vesting of restricted stock units, increasing his directly held common stock to 83,402 shares before subsequent sales.
On the same date, 17,200 shares of common stock were sold at $0.35 per share to cover tax withholding obligations tied to the RSU vesting, a sale described as mandated under the company’s equity incentive plans rather than a discretionary trade. After these transactions, Abbott directly owned 66,202 shares of CODX common stock and 293,771 restricted stock units, which stem from prior awards of 120,000 RSUs granted on April 26, 2024 and 220,000 RSUs granted on August 13, 2025 that vest in six equal installments every six months.
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FAQ
What insider transaction did CODX president Richard David Abbott report?
Richard David Abbott, president of Co-Diagnostics, Inc. (CODX), reported the vesting of restricted stock units into 56,667 shares of common stock and a related sale of shares on November 23, 2025.
How many CODX shares did the insider acquire and at what price?
Abbott acquired 56,667 shares of CODX common stock at a price of $0.00 per share upon the vesting of restricted stock units.
How many CODX shares were sold and why were they sold?
He sold 17,200 shares of CODX common stock at $0.35 per share. The filing states this sale was required to cover tax withholding obligations from RSU vesting under the company’s equity incentive plans and was not a discretionary trade.
How many CODX shares does Richard David Abbott own after these transactions?
After the reported transactions, Abbott directly owned 66,202 shares of CODX common stock.
How many restricted stock units (RSUs) in CODX does the insider still hold?
Following the activity, Abbott beneficially owned 293,771 restricted stock units tied to CODX common stock.
What are the terms of Richard David Abbott’s CODX RSU awards mentioned in the filing?
The filing notes RSU awards of 120,000 units granted on April 26, 2024 and 220,000 units granted on August 13, 2025, each vesting in six equal installments every six months starting on November 23, 2024 and November 23, 2025, respectively.
Is the reported CODX share sale by the president part of a trading plan?
The form allows a box to indicate trades under a Rule 10b5-1 plan, but the key explanation here emphasizes that the 17,200-share sale was mandated to cover tax withholding under CODX’s equity incentive plans.