Form 4: CareDx CFO Abhishek Jain Reports Stock Transaction
SEC Form 4 Filing
CareDx's Chief Financial Officer, Abhishek Jain, reported a transaction involving the withholding of common stock to cover tax obligations.
Summary
- On September 9, 2024, Abhishek Jain, the Chief Financial Officer of CareDx, Inc., had 2,807 shares of common stock withheld by the issuer to satisfy tax obligations related to the vesting of restricted stock units.
- The shares were withheld at a price of $27.43 per share.
- Following the transaction, Jain directly owns 272,907 shares of CareDx common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so it doesn't necessarily indicate positive or negative sentiment. It's a neutral event.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like the CFO, engage in transactions involving the company's stock. This provides transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/09/2024 | Date of stock transaction (tax withholding) |
| 09/11/2024 | Date of signature on the Form 4 filing |
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