Exact Sciences (NASDAQ: EXAS) EVP exercises 3,900 options, 1,913 shares withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Exact Sciences EVP of Human Resources Sarah Condella reported several equity transactions in company stock. She exercised stock options covering 3,900 shares of Common Stock at an exercise price of $5.03 per share, increasing her direct holdings before related tax withholding.
To cover tax obligations from this option exercise, 1,913 shares of Common Stock were retained by Exact Sciences at $103.38 per share, leaving her with 131,121 shares held directly and 6,368 shares held indirectly in a 401(k) plan. Footnotes note that the Form 4 covers 137,489 shares of Common Stock in total and that she also holds an additional 71,243 vested and unvested options and restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,900 shares exercised/converted
Mixed
4 txns
Insider
Condella Sarah
Role
EVP, Human Resources
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (Right to Buy) | 3,900 | $0.00 | -- |
| Exercise | Common Stock | 3,900 | $5.03 | $20K |
| Tax Withholding | Common Stock | 1,913 | $103.38 | $198K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Options (Right to Buy) — 0 shares (Direct);
Common Stock — 133,034 shares (Direct);
Common Stock — 6,368 shares (Indirect, Held in 401(k) Plan)
Footnotes (1)
- Represents shares of Common Stock retained by Exact Sciences Corporation for tax withholding purposes in connection with the net-settlement on the issuance of shares of Common Stock in respect to the exercise of certain stock options. In addition to the shares of Common Stock reported on this Form 4, which total 137,489 shares, Ms. Condella also holds, in the aggregate, an additional 71,243 vested and unvested options to purchase shares of Common Stock and restricted stock units, with each restricted stock unit representing a contingent right to receive one share of Common Stock. These options vested and became exercisable in full on February 28, 2020.
FAQ
What insider transactions did EXACT SCIENCES (EXAS) report for Sarah Condella?
EVP Sarah Condella exercised stock options for 3,900 shares of Common Stock at $5.03 per share. To satisfy taxes, 1,913 shares were retained by Exact Sciences, leaving her with 131,121 shares directly and 6,368 shares indirectly in a 401(k) plan.
Were Sarah Condella’s EXAS transactions open-market stock purchases or sales?
The reported activity reflects an option exercise and tax withholding, not open-market trades. Condella exercised stock options into 3,900 shares, and 1,913 shares were withheld by Exact Sciences to cover tax obligations, a common administrative mechanism for equity compensation.
When did the EXAS stock options exercised by Sarah Condella become fully vested?
The options exercised in this Form 4 became fully vested and exercisable on February 28, 2020. This means her right to convert those options into shares of Common Stock was fully established as of that date, prior to the February 27, 2026 exercise transaction.