Tandem Diabetes (NASDAQ: TNDM) CSO vests 3,014 RSUs, 1,618 withheld
Rhea-AI Filing Summary
TANDEM DIABETES CARE INC (TNDM) reported that EVP and Chief Strategy Officer Elizabeth Anne Gasser exercised 3,014 Restricted Stock Units into an equal number of shares of common stock on August 15, 2026. Of these, 1,618 shares of common stock were withheld at $22.72 per share to satisfy tax withholding requirements upon RSU vesting, and the company notes that no shares were sold in the market. Following these transactions, 33,109 shares of common stock are reported as held indirectly through The Gasser Family Trust, where she is a co-trustee.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 1,396 shares
Net Buy
7 txns
Insider
Gasser Elizabeth Anne
Role
EVP, Chief Strategy Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F3, F4, F5 | 1,097 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit F6, F4, F7 | 1,917 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,097 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1 | 589 | $22.72 | $13K |
| Exercise | Common Stock | 1,917 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1 | 1,029 | $22.72 | $23K |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 16,708 shares (Direct);
Common Stock — 1,396 shares (Direct);
Common Stock — 33,109 shares (Indirect, See Footnote)
Footnotes (7)
- F1. Shares withheld by the Issuer to satisfy tax withholding requirements upon the vesting of restricted stock units (RSUs). No shares were sold.
- F2. The securities are held by The Gasser Family Trust dated September 1, 2011, of which Elizabeth A. Gasser is a co-trustee.
- F3. Awarded on May 23, 2024 pursuant to the Tandem Diabetes Care Inc. 2023 Long-Term Incentive Plan, as amended, and agreements related thereto (the 2023 Plan).
- F4. 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.
- F5. One-third of the RSUs granted on May 23, 2024 vested on May 15, 2025, with the remaining RSUs vesting in eight (8) equal quarterly installments thereafter, subject to the terms of the 2023 Plan.
- F6. Awarded on May 30, 2025 pursuant to the 2023 Plan.
- F7. One-third of the RSUs granted on May 30, 2025 vested on May 15, 2026, with the remaining RSUs vesting in eight (8) equal quarterly installments thereafter, subject to the terms of the 2023 Plan.
Key Figures
RSUs Exercised: 3,014 shares
Shares Withheld for Taxes: 1,618 shares
Tax Withholding Price: $22.72 per share
+1 more
4 metrics
RSUs Exercised
3,014 shares
Total Restricted Stock Units converted into common stock on August 15, 2026
Shares Withheld for Taxes
1,618 shares
Common shares withheld to satisfy tax withholding requirements upon RSU vesting
Tax Withholding Price
$22.72 per share
Per-share value used for shares withheld under transaction code F
Indirect Holdings After Transactions
33,109 shares
Common stock held indirectly via The Gasser Family Trust after the reported transactions
Key Terms
Restricted Stock Unit, tax withholding requirements, indirect, 2023 Long-Term Incentive Plan
4 terms
Restricted Stock Unit financial
"Awarded on May 23, 2024 pursuant to the Tandem Diabetes Care Inc. 2023 Long-Term Incentive Plan"
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.
tax withholding requirements financial
"Shares withheld by the Issuer to satisfy tax withholding requirements upon the vesting of restricted stock units"
indirect financial
"The securities are held by The Gasser Family Trust... of which Elizabeth A. Gasser is a co-trustee."
2023 Long-Term Incentive Plan financial
"pursuant to the Tandem Diabetes Care Inc. 2023 Long-Term Incentive Plan, as amended"
FAQ
What insider transaction did TNDM report for Elizabeth Anne Gasser on August 15, 2026?
Elizabeth Anne Gasser exercised 3,014 RSUs into common stock of TANDEM DIABETES CARE INC (TNDM). The RSUs converted into an equal number of common shares pursuant to prior equity awards under the company’s 2023 Long-Term Incentive Plan.
Were the TNDM Form 4 transactions under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirming a trading plan. The transactions instead relate to RSU vesting and associated tax withholding under Tandem Diabetes Care’s 2023 Long-Term Incentive Plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
