Tandem Diabetes (TNDM) exec gains shares via RSU vesting and ESPP
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tandem Diabetes Care EVP & Chief Administrative Officer Susan Morrison reported a series of routine equity compensation transactions in company stock. She acquired 9,523 shares of common stock through the vesting and conversion of restricted stock units and 1,336 shares through the employee stock purchase plan at $10.90 per share.
To cover tax obligations on these vestings, 2,724 shares were withheld by the company, and no shares were sold on the open market. After these transactions, Morrison directly holds 43,708 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
9,523 shares exercised/converted
Mixed
10 txns
Insider
Morrison Susan
Role
EVP & Chief Admin. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 1,503 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 1,097 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 6,923 | $0.00 | -- |
| Exercise | Common Stock | 1,503 | $0.00 | -- |
| Tax Withholding | Common Stock | 430 | $12.82 | $6K |
| Exercise | Common Stock | 1,097 | $0.00 | -- |
| Tax Withholding | Common Stock | 314 | $12.82 | $4K |
| Exercise | Common Stock | 6,923 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,980 | $12.82 | $25K |
| Grant/Award | Common Stock | 1,336 | $10.90 | $15K |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct, null);
Common Stock — 44,138 shares (Direct, null)
Footnotes (1)
- Shares withheld by Tandem Diabetes Care Inc. (the Company) to satisfy tax withholding requirements on vesting of restricted stock units (RSU). No shares were sold. The reporting person is voluntarily reporting the acquisition of shares of common stock pursuant to the Tandem Diabetes Care, Inc. Amended and Restated 2013 Employee Stock Purchase Plan (ESPP), for the ESPP purchase period of November 18, 2025, through May 15, 2026. This transaction is also exempt under Rule 16b-3(c). Awarded on May 25, 2023 pursuant to the Tandem Diabetes Care Inc. 2023 Long-Term Incentive Plan, as amended, and agreements related thereto (the 2023 Plan). Each RSU represents a contingent right to receive either one share of common stock of the Issuer or cash in lieu thereof, at the Issuer's discretion, in accordance with the terms of the 2023 Plan. RSU vest as to thirty-three percent (33%) of the total number of shares subject to the RSU on 5/15/2024, and the remaining shares shall vest in eight (8) equal quarterly installments thereafter. Awarded on May 23, 2024 pursuant to the 2023 Plan. RSU vest as to thirty-three percent (33%) of the total number of shares subject to the RSU on 5/15/2025, and the remaining shares shall vest in eight (8) equal quarterly installments thereafter. Awarded on May 30, 2025 pursuant to the 2023 Plan. RSU vest as to thirty-three percent (33%) of the total number of shares subject to the RSU on 5/15/2026, and the remaining shares shall vest in eight (8) equal quarterly installments thereafter.
Key Figures
RSU shares acquired: 9,523 shares
ESPP shares acquired: 1,336 shares at $10.90
Shares withheld for taxes: 2,724 shares at $12.82
+3 more
6 metrics
RSU shares acquired
9,523 shares
Common stock from RSU exercises on May 15, 2026
ESPP shares acquired
1,336 shares at $10.90
Employee Stock Purchase Plan ending May 15, 2026
Shares withheld for taxes
2,724 shares at $12.82
Tax withholding on RSU vesting, no market sale
Shares held after transactions
43,708 shares
Direct common stock ownership following Form 4 events
RSU exercise transactions
3 transactions, 9,523 shares
Derivative exercises coded M on May 15, 2026
Tax withholding transactions
3 transactions, 2,724 shares
Code F dispositions for tax liabilities
Key Terms
Restricted Stock Unit, Employee Stock Purchase Plan, Rule 16b-3(c), tax withholding requirements, +1 more
5 terms
Restricted Stock Unit financial
"security_title": "Restricted Stock Unit""
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Employee Stock Purchase Plan financial
"Amended and Restated 2013 Employee Stock Purchase Plan (ESPP)"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Rule 16b-3(c) regulatory
"This transaction is also exempt under Rule 16b-3(c)."
An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.
tax withholding requirements financial
"Shares withheld by Tandem Diabetes Care Inc. to satisfy tax withholding requirements"
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 insider transactions did TNDM executive Susan Morrison report?
Susan Morrison reported routine equity compensation activity, including RSU vesting and an employee stock purchase. She acquired common shares through restricted stock unit conversions and the employee stock purchase plan, with some shares withheld to satisfy tax obligations rather than sold in the market.
What price did Susan Morrison pay under the TNDM employee stock purchase plan?
Under Tandem Diabetes Care’s Amended and Restated 2013 Employee Stock Purchase Plan, she acquired 1,336 shares of common stock at $10.90 per share. The disclosed ESPP purchase period ran from November 18, 2025, through May 15, 2026, and the transaction is exempt under Rule 16b-3(c).