Form 4: CareDx Director Peter Maag Reports Stock Transactions
SEC Form 4
Director Peter Maag reports exercising stock options and selling shares of CareDx, Inc. on August 20, 2024.
Summary
- On August 20, 2024, Peter Maag, a director of CareDx, Inc., executed transactions involving the company's common stock.
- Maag exercised options to acquire 26,708 shares at a price of $7.96 per share.
- He then sold a total of 35,552 shares in multiple transactions at weighted average prices of $33.23, $33.25, and $32.67.
- Following these transactions, Maag directly owns 330,024 shares of CareDx common stock and 2,428 derivative securities.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions. The sentiment is neither positive nor negative as it simply reports the facts of the transactions.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for directors and officers of publicly traded companies. Investors often monitor these filings for insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a director.
Key Dates
| Date | Description |
|---|---|
| 06/16/2023 | Original grant date of the employee stock option. |
| 06/16/2024 | Employee stock option was fully vested. |
| 08/20/2024 | Date of stock option exercise and stock sales. |
| 08/22/2024 | Date of signature on the Form 4 filing. |
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