Co-Diagnostics (NASDAQ: CODX) president exercises RSUs and covers taxes with share sale
Rhea-AI Filing Summary
Co-Diagnostics, Inc. reports that President Richard David Abbott exercised 56,667 restricted stock units into common stock and, on the same date, disposed of 17,200 shares back to the issuer at $0.35 per share. After these transactions, he holds 66,202 common shares directly. Footnotes note prior RSU awards of 120,000 and 220,000 units that vest in six semiannual installments and explain that certain share sales were mandated “sell to cover” transactions for tax withholding, rather than discretionary trades.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 39,467 shares
Net Buy
3 txns
Insider
Abbott Richard David
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 56,667 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 56,667 | $0.00 | $0.00 |
| Disposition | Common Stock | 17,200 | $0.35 | $6K |
Holdings After Transaction:
Restricted Stock Unit — 293,771 shares (Direct);
Common Stock — 66,202 shares (Direct)
Footnotes (2)
- F1. Included in 120,000 restricted stock units awarded to the Reporting Person on April 26, 2024, pursuant to the Co-Diagnostics, Inc. 2015 Long Term Incentive Plan, and vest in 6 equal installments every 6 months commencing on November 23, 2024. Included in 220,000 restricted stock units awarded to the Reporting Person on August 13, 2025, pursuant to the Co-Diagnostics, Inc. 2015 Long Term Incentive Plan, and vest in 6 equal installments every 6 months commencing on November 23, 2025.
- F2. Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSU's. This sale is mandated by the Issuer's election, under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
Key Figures
RSUs exercised: 56,667 units
Shares disposed to issuer: 17,200 shares
Disposition price: $0.35 per share
+3 more
6 metrics
RSUs exercised
56,667 units
Restricted Stock Units converted into common stock on 2025-11-23
Shares disposed to issuer
17,200 shares
Common stock disposed to issuer at $0.35 per share on 2025-11-23
Disposition price
$0.35 per share
Price reported for the 17,200-share disposition to the issuer
Post-transaction holding
66,202 shares
Direct common stock held by Richard David Abbott after the reported transactions
RSU award (April 2024)
120,000 units
Restricted stock units awarded on April 26, 2024, vesting in six semiannual installments
RSU award (August 2025)
220,000 units
Restricted stock units awarded on August 13, 2025, vesting in six semiannual installments
Key Terms
Restricted Stock Unit, sell to cover, Long Term Incentive Plan, tax withholding obligations
4 terms
Restricted Stock Unit financial
"Included in 120,000 restricted stock units awarded to the Reporting Person"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
sell to cover financial
"to be funded by a "sell to cover" transaction and does not represent"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
Long Term Incentive Plan financial
"pursuant to the Co-Diagnostics, Inc. 2015 Long Term Incentive Plan"
A long term incentive plan is a company program that awards executives and key employees bonuses—often in stock, options, or cash—only if the business meets multi-year performance goals. It links management pay to company results—like tying a coach’s bonus to a team’s multi-season record—so investors monitor it for how leaders are motivated, potential share dilution, and signals about the company’s long-term priorities.
tax withholding obligations financial
"sold by the Reporting Person to cover tax withholding obligations in connection"
FAQ
What insider transactions did Co-Diagnostics (CODX) report for President Richard David Abbott?
Co-Diagnostics reported that President Richard David Abbott exercised 56,667 restricted stock units into common stock and disposed of 17,200 shares back to the issuer at $0.35 per share on November 23, 2025, in connection with his equity awards.
What RSU activity involving Co-Diagnostics (CODX) was disclosed for Richard David Abbott?
The filing shows that Richard David Abbott exercised 56,667 restricted stock units into common stock. Footnotes also reference prior RSU awards of 120,000 and 220,000 units that vest in six equal installments every six months under Co-Diagnostics’ long-term incentive plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
