Form 4: Biodesix CEO Scott Hutton Sells Shares to Cover Taxes After RSU Vesting
SEC Form 4 Filing
Biodesix CEO Scott Hutton sold shares of common stock to cover taxes upon the vesting of restricted stock units (RSUs).
Summary
- On August 8, 2024, Scott Hutton, the President and CEO of Biodesix Inc., acquired 12,212 shares of common stock through the vesting of restricted stock units.
- To cover taxes associated with the vesting of these RSUs, Hutton sold 2,781 shares on August 9, 2024, at a price of $1.601 per share.
- He then sold 963 shares on August 12, 2024, at a weighted average price of $1.5719 per share.
- Following these transactions, Hutton directly owns 518,368 shares of Biodesix common stock and 73,272 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral event. The CEO sold shares to cover taxes, which is a common practice. It doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of the stock market, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 02/08/2022 | Date from which RSUs vest in a series of sixteen successive quarterly installments. |
| 08/08/2024 | Date of RSU vesting resulting in acquisition of 12,212 shares. |
| 08/09/2024 | Date of sale of 2,781 shares at $1.601 per share. |
| 08/12/2024 | Date of sale of 963 shares at a weighted average price of $1.5719 per share. |
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