Tandem Diabetes EVP reports RSU vesting and share withholding
Tandem Diabetes Care Inc. executive vice president and chief commercial officer Mark D. Novara reported equity activity involving company stock.
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Rhea-AI Filing Summary
Tandem Diabetes Care Inc. executive vice president and chief commercial officer Mark D. Novara reported equity activity involving company stock. On 12/15/2025, 7,415 shares of common stock were acquired at an exercise price of $0 upon the vesting and settlement of restricted stock units granted under the 2023 Long-Term Incentive Plan. To cover tax withholding on this vesting, 3,843 shares were withheld by the company at a price of $22.11 per share, and no shares were sold into the market.
After these transactions, Novara directly beneficially owned 35,956 shares of Tandem Diabetes Care common stock and 29,658 restricted stock units, each representing a contingent right to receive one share of common stock or cash, in accordance with the plan’s terms.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 7,415 | $0.00 | $0.00 |
| Exercise | Common Stock | 7,415 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,843 | $22.11 | $85K |
Footnotes (4)
- F1. 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.
- F2. Awarded on December 15, 2023 pursuant to the Tandem Diabetes Care Inc. 2023 Long-Term Incentive Plan, as amended, and agreements related thereto (the 2023 Plan).
- F3. 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.
- F4. RSU vest as to thirty-three percent (33%) of the total number of shares subject to the RSU on 12/15/2024, and the remaining shares shall vest in eight (8) equal quarterly installments thereafter.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did TNDM executive Mark D. Novara report?
Mark D. Novara reported the vesting and settlement of 7,415 restricted stock units into Tandem Diabetes Care common stock on 12/15/2025, at an exercise price of $0.
How many restricted stock units does the TNDM executive still hold?
After the vesting event, Mark D. Novara held 29,658 restricted stock units, each representing a contingent right to receive one share of common stock or cash.
What plan governs the reported Tandem Diabetes Care (TNDM) RSU award?
The restricted stock units were awarded on December 15, 2023 under the Tandem Diabetes Care Inc. 2023 Long-Term Incentive Plan, as amended.
How do the reported TNDM RSUs vest for the executive?
The RSUs vest as to 33% of the total shares on 12/15/2024, with the remaining shares vesting in eight equal quarterly installments thereafter.
AI-generated analysis. How Rhea-AI works. Not financial advice.