Guardant Health (GH) director converts 232 RSUs into common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Guardant Health director Manuel Hidalgo Medina reported acquiring shares through equity awards. On the vesting of a restricted stock unit grant on July 17, 2024, 232 restricted stock units converted into 232 shares of common stock at a price of $0.00 per share, reflecting an exercise or conversion of a derivative security rather than an open-market purchase. After these transactions, he directly holds 6,729 restricted stock units and 1,493 shares of common stock. The award vests over four years, with 25% vesting on the one-year anniversary of July 17, 2024 and the remaining 75% vesting monthly over the following three years.
Positive
- None.
Negative
- None.
Insider Trade Summary
232 shares exercised/converted
Mixed
2 txns
Insider
Hidalgo Medina Manuel
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 232 | $0.00 | -- |
| Exercise | Common Stock | 232 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 6,729 shares (Direct);
Common Stock — 1,493 shares (Direct)
Footnotes (1)
- The restricted stock unit award granted on July 17, 2024 vests over a four-year period. 25% of the shares subject to such award vested on the one-year anniversary of July 17, 2024 and the remaining 75% vests monthly for the three-year period thereafter. Not applicable for Restricted Stock Units.
FAQ
What did Guardant Health (GH) director Manuel Hidalgo Medina report on this Form 4?
He reported an equity award vesting that converted 232 restricted stock units into 232 shares of Guardant Health common stock. This was recorded as an exercise or conversion of a derivative security at no cash cost per share.
What is the vesting schedule of Manuel Hidalgo Medina’s Guardant Health restricted stock units?
The restricted stock unit award granted on July 17, 2024 vests over four years. Twenty-five percent vested on the one-year anniversary of that date, and the remaining 75% vests monthly over the following three-year period.
How many Guardant Health restricted stock units does Manuel Hidalgo Medina hold after this filing?
Following the reported transaction, he holds 6,729 restricted stock units of Guardant Health. These units continue to vest over time according to the four-year vesting schedule disclosed for the July 17, 2024 award.