QuidelOrtho (QDEL) director adds 6,829 shares via RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
QuidelOrtho Corp director Matthew Strobeck increased his direct stake through equity compensation. On May 29, 2026, 6,829 restricted stock units vested and were converted into 6,829 shares of common stock at $0.00 per share, previously reported as RSUs.
Following this grant and conversion, he holds 34,604 common shares directly. He also reports indirect positions, including 38,145 shares held by Birchview Fund, LLC, where he has sole voting and dispositive power, and 16,630 shares in UGMA accounts for his children, which he disclaims as beneficially owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,829 shares exercised/converted
Mixed
4 txns
Insider
Strobeck Matthew
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (Equity Grant) | 6,829 | $0.00 | -- |
| Grant/Award | Common Stock | 6,829 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units (Equity Grant) — 0 shares (Direct, null);
Common Stock — 34,604 shares (Direct, null);
Common Stock — 16,630 shares (Indirect, UGMA Account)
Footnotes (1)
- Reflects release of restricted stock units that were previously reported on a Form 4. The Reporting Person is custodian under the Uniform Gift to Minor Act of 16,630 shares held by four of the Reporting Person's children. The Reporting Person disclaims beneficial ownership of these shares, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. The Reporting Person has sole voting and dispositive power with respect to shares held by Birchview Fund, LLC in his capacity as the Managing Partner of such entity. The Reporting Person disclaims beneficial ownership of the shares held by Birchview Fund, LLC except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. Each restricted stock unit represents the right to receive one share of QuidelOrtho Corporation common stock. The restricted stock units vested on May 29, 2026.
Key Figures
RSUs vested and converted: 6,829 shares
Direct common shares after transaction: 34,604 shares
Birchview Fund indirect holdings: 38,145 shares
+2 more
5 metrics
RSUs vested and converted
6,829 shares
Restricted stock units vested and converted on May 29, 2026
Direct common shares after transaction
34,604 shares
Total direct QuidelOrtho common stock held after RSU conversion
Birchview Fund indirect holdings
38,145 shares
Shares held by Birchview Fund, LLC, with sole voting and dispositive power
UGMA account holdings
16,630 shares
Shares held in UGMA accounts for four children, disclaimed as beneficially owned
Exercise price of RSUs
$0.00 per share
Conversion or exercise price for 6,829 restricted stock units
Key Terms
Restricted Stock Units, Uniform Gift to Minor Act, dispositive power, pecuniary interest
4 terms
Restricted Stock Units financial
"Reflects release of restricted stock units that were previously reported on a Form 4."
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.
Uniform Gift to Minor Act financial
"The Reporting Person is custodian under the Uniform Gift to Minor Act of 16,630 shares held..."
dispositive power financial
"The Reporting Person has sole voting and dispositive power with respect to shares held by Birchview Fund, LLC..."
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
pecuniary interest financial
"The Reporting Person disclaims beneficial ownership of the shares held by Birchview Fund, LLC except to the extent of his pecuniary interest therein..."
FAQ
What did QuidelOrtho (QDEL) director Matthew Strobeck report in this Form 4?
He reported the vesting and conversion of 6,829 restricted stock units into 6,829 shares of QuidelOrtho common stock, increasing his direct holdings to 34,604 shares, with no open-market buying or selling disclosed in this filing.
What happened to Matthew Strobeck’s restricted stock units in QuidelOrtho (QDEL)?
6,829 restricted stock units vested on May 29, 2026 and were converted into 6,829 shares of QuidelOrtho common stock. The RSU position from this grant is now exhausted, as shown by zero derivative units remaining after the transaction.
What indirect QuidelOrtho (QDEL) holdings are associated with Matthew Strobeck?
The Form 4 lists 38,145 shares held by Birchview Fund, LLC, over which he has sole voting and dispositive power, and 16,630 shares in UGMA accounts for his children, which he disclaims as beneficially owned under the reported footnotes.
Does this QuidelOrtho (QDEL) Form 4 show insider buying or selling on the market?
No open-market purchases or sales are reported. The filing reflects equity compensation activity: RSUs vesting and converting into common shares, plus updated reporting of indirect holdings and related beneficial ownership disclaimers.