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Tactile Systems (NASDAQ: TCMD) CFO details equity awards and tax sales

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Tactile Systems Technology chief financial officer Elaine M. Birkemeyer reported a mix of stock awards and related share sales. On February 20, 2026, she acquired 3,579, 6,765, and 15,575 shares of common stock through earned performance stock units tied to 2025 results, with some awards vesting immediately and others scheduled to vest in 2027 when 2026 performance is determined.

On February 23, 2026, she executed open‑market sales of 5,322 shares at a weighted average price of $28.2827 and 196 shares at a weighted average price of $28.6892, described as sales to cover taxes associated with stock‑unit settlement. Following these transactions, she directly owned 142,520 shares of common stock.

Positive

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Insider Birkemeyer Elaine M.
Role CHIEF FINANCIAL OFFICER
Sold 5,518 shs ($156K)
Type Security Shares Price Value
Sale Common Stock 5,322 $28.2827 $151K
Sale Common Stock 196 $28.6892 $6K
Grant/Award Common Stock 3,579 $0.00 --
Grant/Award Common Stock 6,765 $0.00 --
Grant/Award Common Stock 15,575 $0.00 --
Holdings After Transaction: Common Stock — 142,716 shares (Direct)
Footnotes (1)
  1. On February 22, 2023, the reporting person was granted performance stock units ("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 3,579 PSUs. Those earned PSUs vested on February 20, 2026. 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 6,765 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 15,575 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 5,322 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 196 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 →
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*
Birkemeyer Elaine M.
(Last) (First) (Middle)
3701 WAYZATA BLVD.
STE 300
(Street)
MINNEAPOLIS MN 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)
Director 10% Owner
X Officer (give title below) Other (specify below)
CHIEF FINANCIAL 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)
Code V Amount (A) or (D) Price
Common Stock 02/20/2026 A 3,579(1) A $0 125,698 D
Common Stock 02/20/2026 A 6,765(2) A $0 132,463 D
Common Stock 02/20/2026 A 15,575(3) A $0 148,038 D
Common Stock 02/23/2026 S 5,322(4) D $28.2827(5) 142,716 D
Common Stock 02/23/2026 S 196(4) D $28.6892(6) 142,520 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. On February 22, 2023, the reporting person was granted performance stock units ("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 3,579 PSUs. Those earned PSUs vested on February 20, 2026.
2. 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 6,765 PSUs. Those earned PSUs vested on February 20, 2026.
3. 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 15,575 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.
4. These shares were sold to cover taxes associated with the settlement of stock units.
5. Reflects the weighted average price of 5,322 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.
6. Reflects the weighted average price of 196 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 CFO Elaine Birkemeyer report?

Elaine Birkemeyer reported both stock awards and related sales. She acquired multiple tranches of common stock from earned performance stock units, then sold 5,322 and 196 shares in open‑market transactions, primarily to cover taxes tied to those equity settlements.

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

She sold 5,322 shares at a weighted average price of $28.2827 and 196 shares at a weighted average price of $28.6892. Both transactions occurred on February 23, 2026, as open‑market sales of Tactile Systems Technology common stock.

Why did the TCMD CFO sell shares on February 23, 2026?

The filing states the sold shares were used to cover taxes associated with settlement of stock units. This indicates the disposals related to tax obligations triggered when previously granted stock‑based awards converted into common shares.

What performance stock unit awards did TCMD’s CFO earn for 2025?

Based on 2025 performance, she earned 3,579 PSUs from a 2023 grant, 6,765 PSUs from a 2024 grant, and 15,575 PSUs from a 2025 grant. The first two tranches vested in 2026; the 2025 grant’s earned PSUs will vest after 2026 results are finalized in 2027.

How many TCMD shares does the CFO own after these transactions?

After the reported awards and sales, Elaine Birkemeyer directly owned 142,520 shares of Tactile Systems Technology common stock. This figure reflects her holdings following the February 23, 2026 open‑market sales disclosed in the Form 4.

Do the TCMD CFO’s stock awards involve future vesting?

Yes. While PSUs from 2023 and 2024 grants earned for the 2025 performance year vested on February 20, 2026, the 15,575 PSUs earned from a 2025 grant are scheduled to vest in 2027 when the compensation committee determines 2026 performance.