Teladoc CFO vesting: 8,333 RSUs convert, 2,972 shares sold
Rhea-AI Filing Summary
Joseph Ronald Catapano, Chief Accounting Officer of Teladoc Health, Inc. (TDOC), reported the vesting and partial sale of restricted stock units. On 10/01/2025 8,333 restricted stock units converted to 8,333 shares of common stock. On 10/02/2025 he sold 2,972 shares at $7.885 per share to cover tax withholding, leaving 5,361 shares beneficially owned following the sale. The filing notes the RSU grant of 25,000 units on 10/01/2024 with one-third vesting on the first anniversary and the remainder vesting in eight substantially equal quarterly installments.
Positive
- 8,333 restricted stock units converted to 8,333 shares on 10/01/2025, reflecting scheduled compensation vesting
- Sell-to-cover transaction retained a majority of the vested shares: 5,361 shares remain beneficially owned after the sale
Negative
- A partial disposition of vested shares: 2,972 shares sold at $7.885 on 10/02/2025
Insights
RSU vesting and sell-to-cover taxes recorded; compensation realized but mostly retained.
The filing records conversion of 8,333 restricted stock units into 8,333 shares on 10/01/2025, consistent with the disclosed 25,000 RSU grant from 10/01/2024. This reflects scheduled employee compensation vesting rather than a discretionary open-market sale.
The sale of 2,972 shares at $7.885 on 10/02/2025 is explicitly described as a sale to cover tax withholding, leaving 5,361 shares retained. For accounting purposes, such sell-to-cover transactions recognize compensation expense at vesting and reduce share-based holdings; the filing provides the necessary quantities and price.
Insider sold a portion of vested shares at a reported price; remaining holdings disclosed.
The report shows a disposition of 2,972 shares at $7.885, reducing beneficial ownership to 5,361 shares after the transaction. All transactions are labeled as direct ownership and are reported under Section 16 rules.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,972 | $7.885 | $23K |
| Exercise | Restricted Stock Units | 8,333 | $0.00 | -- |
| Exercise | Common Stock | 8,333 | $0.00 | -- |
Footnotes (1)
- Restricted stock units convert to shares of TDOC common stock on a one-for-one basis. Shares sold to cover the tax withholding obligation in respect of vesting of the reporting person's restricted stock unit awards. On October 1, 2024, the reporting person was granted 25,000 restricted stock units, vesting one-third on the first anniversary of the grant date, with the remainder vesting in eight substantially equal quarterly installments thereafter.
FAQ
What insider transactions did TDOC's Chief Accounting Officer report?
How many RSUs was Joseph Catapano granted and what is the vesting schedule?
Was the Form 4 filed jointly or by one reporting person?