Teladoc (TDOC) BetterHelp president reports RSU vesting and tax-related share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Teladoc Health, Inc. executive Fernando M. Rodrigues, President of BetterHelp, reported a combination of stock vesting and related share sales. On June 1, 2026, restricted stock units converted into 15,249 shares of Teladoc common stock, reflecting compensation awards that vest over time.
On June 2, 2026, Rodrigues sold 5,677 shares of common stock at an average price of $7.627 per share to cover the tax withholding obligation tied to this RSU vesting. After these transactions, he directly held 9,572 shares of Teladoc common stock, while continuing to hold additional restricted stock units that convert to common stock on a one-for-one basis as they vest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,677 shares ($43,298)
Net Sell
7 txns
Insider
Rodrigues Fernando M.
Role
President of BetterHelp
Sold
5,677 shs ($43K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,677 | $7.627 | $43K |
| Exercise | Restricted Stock Units | 5,491 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,042 | $0.00 | -- |
| Exercise | Restricted Stock Units | 8,716 | $0.00 | -- |
| Exercise | Common Stock | 5,491 | $0.00 | -- |
| Exercise | Common Stock | 1,042 | $0.00 | -- |
| Exercise | Common Stock | 8,716 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 9,572 shares (Direct, null);
Restricted Stock Units — 10,984 shares (Direct, null)
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 December 1, 2023, the reporting person was granted 65,894 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. On March 19, 2024, the reporting person was granted 12,500 restricted stock units, vesting one-third on the first anniversary of the grant date, with the remainder vesting in eight substantially equal quarterly installments beginning on June 1, 2025. On March 1, 2025, the reporting person was granted 104,602 restricted stock units, vesting one-third on March 1, 2026, with the remainder vesting in eight substantially equal quarterly installments thereafter.
Key Figures
Shares sold: 5,677 shares
Sale price: $7.627 per share
Shares from RSU vesting: 15,249 shares
+4 more
7 metrics
Shares sold
5,677 shares
Tax-related sale of common stock on June 2, 2026
Sale price
$7.627 per share
Average price for 5,677 Teladoc shares sold
Shares from RSU vesting
15,249 shares
Common shares acquired via RSU conversion on June 1, 2026
Shares held after transactions
9,572 shares
Direct Teladoc common stock holdings following sale
2023 RSU grant
65,894 units
Restricted stock units granted on December 1, 2023
2024 RSU grant
12,500 units
Restricted stock units granted on March 19, 2024
2025 RSU grant
104,602 units
Restricted stock units granted on March 1, 2025
Key Terms
restricted stock units, tax withholding obligation, open-market sale, derivative security
4 terms
restricted stock units financial
"Restricted stock units convert to shares of TDOC common stock on a one-for-one basis."
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.
tax withholding obligation financial
"Shares sold to cover the tax withholding obligation in respect of vesting of the reporting person's restricted stock unit awards."
open-market sale financial
"transaction_action: open-market sale; transaction_code_description: Sale in open market or private transaction"
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.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What did Teladoc (TDOC) executive Fernando Rodrigues report in this Form 4?
Fernando Rodrigues reported vesting of restricted stock units into 15,249 Teladoc shares and a sale of 5,677 shares. The sale was used to cover tax withholding obligations arising from the RSU vesting.
What restricted stock unit grants does Fernando Rodrigues have at Teladoc (TDOC)?
The filing notes RSU grants of 65,894 units on December 1, 2023, 12,500 units on March 19, 2024, and 104,602 units on March 1, 2025. These awards vest in stages, with each unit converting into one share of common stock.