Were Sheri Dodd’s TCMD share sales open-market transactions?

Yes, the Form 4 describes Sheri Dodd’s transactions as open-market sales. The sale code is “S,” indicating sales in the open market or private transactions, with detailed weighted average prices and price ranges disclosed for both February 23, 2026 sale blocks.

Tactile Systems (TCMD) CEO sells 15,240 shares, gains PSU awards

Filing Impact

(High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Tactile Systems Technology CEO Sheri Louise Dodd reported both stock awards and share sales. On February 20, 2026, she acquired 19,751 and 28,216 common shares at no cost through performance stock units tied to 2025 results, with one tranche vesting in 2026 and another scheduled to vest in 2027. On February 23, 2026, she sold a total of 15,240 common shares in open-market transactions at weighted average prices of $28.2826 and $28.6891 per share to cover taxes associated with stock unit settlement. After these transactions, she directly holds 254,878 common shares.

Insider Trade Summary

Net Seller: 15,240 shares ($431,245)

Net Sell 4 txns

Insider Dodd Sheri Louise

Role Chief Executive Officer

Sold 15,240 shs ($431K)

Type	Security	Shares	Price	Value
Sale	Common Stock	14,703	$28.2826	$416K
Sale	Common Stock	537	$28.6891	$15K
Grant/Award	Common Stock	19,751	$0.00	--
Grant/Award	Common Stock	28,216	$0.00	--

Holdings After Transaction: Common Stock — 255,415 shares (Direct)

Footnotes (1)

On February 21, 2024, the reporting person was granted PSUs, with one-third of such PSUs to be earned based on the extent to which certain performance conditions were met for a performance period of 2025. As determined on February 20, 2026, based on actual performance for 2025, the reporting person earned 19,751 PSUs. Those earned PSUs vested on February 20, 2026. On February 20, 2025, the reporting person was granted PSUs, with one-third of such PSUs to be earned based on the extent to which certain performance conditions were met for a performance period of 2025. As determined on February 20, 2026, based on actual performance for 2025, the reporting person earned 28,216 PSUs. Those PSUs are scheduled to vest on the date in 2027 that the Compensation and Organization Committee determines the number of PSUs earned with respect to the 2026 performance year. These shares were sold to cover taxes associated with the settlement of stock units. Reflects the weighted average price of 14,703 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on February 23, 2026 with sale prices ranging from $27.63 to $28.625 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price. Reflects the weighted average price of 537 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on February 23, 2026 with sale prices ranging from $28.64 to $28.72 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

Form 4 Insider Transactions: What Each Field Means →

02/24/2026 - 05:32 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Dodd Sheri Louise

(Last)

(First)

(Middle)

3701 WAYZATA BLVD.

SUITE 300

(Street)

MINNEAPOLIS

55416

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
TACTILE SYSTEMS TECHNOLOGY INC [ TCMD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/20/2026		A		19,751⁽¹⁾	A	$0	241,902	D
Common Stock	02/20/2026		A		28,216⁽²⁾	A	$0	270,118	D
Common Stock	02/23/2026		S		14,703⁽³⁾	D	$28.2826⁽⁴⁾	255,415	D
Common Stock	02/23/2026		S		537⁽³⁾	D	$28.6891⁽⁵⁾	254,878	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. On February 21, 2024, the reporting person was granted PSUs, with one-third of such PSUs to be earned based on the extent to which certain performance conditions were met for a performance period of 2025. As determined on February 20, 2026, based on actual performance for 2025, the reporting person earned 19,751 PSUs. Those earned PSUs vested on February 20, 2026.

2. On February 20, 2025, the reporting person was granted PSUs, with one-third of such PSUs to be earned based on the extent to which certain performance conditions were met for a performance period of 2025. As determined on February 20, 2026, based on actual performance for 2025, the reporting person earned 28,216 PSUs. Those PSUs are scheduled to vest on the date in 2027 that the Compensation and Organization Committee determines the number of PSUs earned with respect to the 2026 performance year.

3. These shares were sold to cover taxes associated with the settlement of stock units.

4. Reflects the weighted average price of 14,703 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on February 23, 2026 with sale prices ranging from $27.63 to $28.625 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

5. Reflects the weighted average price of 537 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on February 23, 2026 with sale prices ranging from $28.64 to $28.72 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

	/s/ Jonathan Zimmerman, Attorney-in-Fact	02/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did TCMD CEO Sheri Dodd report on this Form 4?

Sheri Dodd reported both stock awards and share sales. She acquired 19,751 and 28,216 TCMD common shares via performance stock units, then sold 15,240 shares in open-market trades primarily to cover taxes on those equity settlements.

How many TCMD shares did the CEO sell and at what prices?

Sheri Dodd sold a total of 15,240 TCMD common shares. The weighted average sale prices were $28.2826 for 14,703 shares and $28.6891 for 537 shares, with individual trades ranging from about $27.63 to $28.72 per share.

Why were Sheri Dodd’s TCMD shares sold in the reported transactions?

The filing states the sold TCMD shares were used to cover taxes. These taxes were associated with the settlement of stock units that had been earned and, in part, vested based on the company’s previously established performance conditions for the 2025 performance period.

What performance stock unit (PSU) awards did the TCMD CEO earn?

Sheri Dodd earned 19,751 PSUs from a 2024 grant and 28,216 PSUs from a 2025 grant. Both were based on 2025 performance. The first tranche vested on February 20, 2026, while the second is scheduled to vest after the 2026 performance determination in 2027.

How many TCMD shares does Sheri Dodd own after these Form 4 transactions?

After the reported acquisitions and sales, Sheri Dodd directly owns 254,878 TCMD common shares. This post-transaction balance reflects the net effect of PSU-based share deliveries and subsequent open-market sales made to satisfy related tax obligations.