Form 4: CareDx CFO Disposes Shares for Tax Obligations
Insider Transaction Report
CareDx Chief Financial Officer Abhishek Jain disposed of 7,687 common shares to cover tax obligations from restricted stock unit vesting.
Summary
- Abhishek Jain, Chief Financial Officer of CareDx, Inc. (CDNA), reported a disposition of common stock.
- On August 1, 2025, 7,687 shares of common stock were disposed of at a price of $12.22 per share.
- This transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-arranged sale.
- The shares were withheld by CareDx, Inc. to satisfy tax withholding obligations related to the vesting of restricted stock units.
- Following this transaction, Abhishek Jain beneficially owns 319,725 shares of CareDx common stock directly.
Sentiment
Score: 5
Explanation: The transaction is a routine tax withholding related to RSU vesting, which is a neutral event and does not indicate positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
Not applicable. This filing is a transactional report and does not contain forward-looking statements or guidance.
Industry Context
This is a routine insider transaction for tax purposes related to executive compensation and does not provide broader industry context or trends.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Abhishek Jain granted a Power of Attorney to Colleen Martin-Garcia and Jeff Novack to execute Section 16 reports (Forms 3, 4, and 5) on his behalf for transactions in CareDx securities. | 07/15/2025 | Streamlines the process for timely filing of insider trading reports for the CFO. |
Stakeholder Impact
- Minimal impact on shareholders as this is a routine administrative transaction for tax purposes related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 07/15/2025 | Date Power of Attorney was executed by Abhishek Jain. |
| 08/01/2025 | Date of common stock disposition transaction. |
| 08/05/2025 | Date the Form 4 was signed by Attorney-in-Fact. |
Keywords
CareDx, CDNA, Form 4, Insider Trading, Abhishek Jain, CFO, Stock Disposition, Tax Withholding, Restricted Stock Units, RSU Vesting, Rule 10b5-1
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