Form 4: Biodesix CEO Scott Hutton Reports Stock Sales to Cover Taxes on RSU Vesting
SEC Form 4 Filing
Scott Hutton, President and CEO of Biodesix Inc., reports the sale of common stock to cover taxes upon the vesting of restricted stock units (RSUs).
Summary
- On February 10, 2025, Scott Hutton exercised restricted stock units (RSUs) and acquired 252,628 shares of Biodesix Inc. common stock.
- Following the exercise, Hutton disposed of 83,660 shares of common stock on February 11, 2025, at a weighted average price of $0.9242 per share.
- These sales were executed automatically to cover tax obligations associated with the vesting of the RSUs.
- The prices for the shares sold ranged from $0.90 to $0.9536.
- After these transactions, Hutton directly owns 701,947 shares of Biodesix Inc. common stock and holds 582,338 RSUs.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation and tax obligations.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders due to the increased supply of shares in the market, but it is primarily driven by tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/08/2022 | Date from which some RSUs vest in a series of sixteen successive quarterly installments. |
| 02/08/2023 | Date from which some RSUs vest in a series of four successive equal annual installments. |
| 01/15/2024 | Date from which some RSUs vest in a series of four successive equal annual installments. |
| 02/10/2025 | Date of RSU exercise and acquisition of 252,628 shares. |
| 02/11/2025 | Date of sale of 83,660 shares at a weighted average price of $0.9242. |
| 02/12/2025 | Date of signature on the Form 4 filing. |
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