Form 4: Biodesix Executive Gary Pestano Reports Stock Sales to Cover Taxes on RSU Vesting
SEC Form 4 Filing
Gary Pestano, Chief Development Officer of Biodesix Inc., reports the sale of common stock to cover taxes upon the vesting of restricted stock units (RSUs).
Summary
- Gary Pestano, Chief Development Officer of Biodesix Inc., filed a Form 4 detailing changes in beneficial ownership.
- On May 9, 2025, Pestano acquired 1,378 shares of common stock through the vesting of restricted stock units (RSUs).
- On May 12 and 13, 2025, Pestano sold 223 and 222 shares of common stock, respectively, to cover taxes associated with the RSU vesting.
- The sales were executed at weighted average prices of $0.3594 and $0.3529, respectively.
- Following these transactions, Pestano directly owns 156,941 shares of Biodesix Inc. common stock and 4,135 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions related to executive compensation. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. The sale of shares to cover taxes upon RSU vesting is a common practice.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to tax obligations from vesting RSUs.
Key Dates
| Date | Description |
|---|---|
| 2022-02-08 | Date from which RSUs vest in sixteen successive quarterly installments. |
| 2025-05-09 | Acquisition of 1,378 shares of common stock through RSU vesting. |
| 2025-05-12 | Sale of 223 shares of common stock at a weighted average price of $0.3594. |
| 2025-05-13 | Sale of 222 shares of common stock at a weighted average price of $0.3529. |
Keywords
Form 4, Beneficial Ownership, Restricted Stock Units, RSU, Stock Sale, Biodesix, BDSX, Gary Pestano, Executive Compensation
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