Form 4: CareDx COO Kennedy Reports Routine Stock Disposition
Insider Transaction Report
CareDx Chief Operating Officer Keith Kennedy reported the disposition of 7,987 common shares for tax withholding purposes at a price of $13.53 per share.
Summary
- Keith Kennedy, Chief Operating Officer of CareDx, Inc., reported a transaction involving company common stock.
- On September 12, 2025, 7,987 shares of common stock were disposed of.
- These shares were withheld by CareDx to satisfy tax withholding obligations related to the vesting of restricted stock units.
- The disposition price per share was $13.53.
- Following this transaction, Keith Kennedy beneficially owns 139,309 shares of CareDx common stock directly.
Sentiment
Score: 5
Explanation: This is a neutral, routine transaction for tax purposes related to executive compensation and does not reflect positively or negatively on the company's performance or future prospects.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Delegation of Authority | Keith Kennedy granted a Power of Attorney to Jeffrey Adam Novack, Colleen Martin-Garcia, and Abhishek Jain to execute and file Section 16 reports (Forms 3, 4, and 5) on his behalf. | July 18, 2025 | Streamlines the process for filing insider trading reports, ensuring timely compliance with SEC regulations for the reporting person. |
Stakeholder Impact
- Minimal direct impact on shareholders as this is a routine, non-discretionary transaction for tax purposes related to executive compensation.
- No direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| July 18, 2025 | Date Power of Attorney was executed by Keith Kennedy. |
| September 12, 2025 | Date of the reported transaction where shares were disposed for tax withholding. |
| September 15, 2025 | Date the Form 4 was signed by the attorney-in-fact. |
Keywords
CareDx, CDNA, Keith Kennedy, Chief Operating Officer, Insider Transaction, Form 4, Stock Disposition, Tax Withholding, Restricted Stock Units
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