Tactile Systems (TCMD) CFO sells 4,631 shares to cover tax on units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tactile Systems Technology Chief Financial Officer Elaine M. Birkemeyer reported an open-market sale of 4,631 shares of common stock on May 11, 2026 at a weighted average price of $24.488 per share. According to the footnotes, these shares were sold to cover taxes associated with the settlement of stock units. After this transaction, she directly holds 130,188 shares of the company’s common stock. The shares were sold in multiple trades with prices ranging from $23.89 to $25.42 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,631 shares ($113,404)
Net Sell
1 txn
Insider
Birkemeyer Elaine M.
Role
CHIEF FINANCIAL OFFICER
Sold
4,631 shs ($113K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,631 | $24.488 | $113K |
Holdings After Transaction:
Common Stock — 130,188 shares (Direct, null)
Footnotes (1)
- These shares were sold to cover taxes associated with the settlement of stock units. Reflects the weighted average price of 4,631 shares of common stock of Tactile Systems Technology, Inc. sold by the reporting person in multiple transactions on May 11, 2026 with sale prices ranging from $23.89 to $25.42 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.
Key Figures
Shares sold: 4,631 shares
Weighted average sale price: $24.488 per share
Post-transaction holdings: 130,188 shares
+1 more
4 metrics
Shares sold
4,631 shares
Open-market sale on May 11, 2026
Weighted average sale price
$24.488 per share
Common stock sale on May 11, 2026
Post-transaction holdings
130,188 shares
Direct common stock ownership after sale
Sale price range
$23.89–$25.42 per share
Multiple trades on May 11, 2026
Key Terms
open-market sale, stock units, weighted average price, Form 4
4 terms
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
stock units financial
"sold to cover taxes associated with the settlement of stock units"
Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.
weighted average price financial
"Reflects the weighted average price of 4,631 shares of common stock"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Tactile Systems (TCMD) report for its CFO?
Tactile Systems’ CFO Elaine M. Birkemeyer reported selling 4,631 common shares. The sales occurred on May 11, 2026 and are disclosed as an open-market transaction on a Form 4 insider trading report filed with regulators.
Was the Tactile Systems (TCMD) CFO’s sale executed as a single trade?
No. The filing explains the 4,631 shares were sold in multiple transactions on May 11, 2026. A weighted average price of $24.488 is reported, with individual trades executed between $23.89 and $25.42 per share.