Form 4: CareDx Executive Alexander L. Johnson Reports Tax-Related Stock Transaction
SEC Form 4 Filing
Alexander L. Johnson, President of Patient and Testing Services at CareDx, Inc., reports the withholding of 1,690 shares to cover tax obligations related to vesting restricted stock units.
Summary
- On July 19, 2024, Alexander L. Johnson, President of Patient and Testing Services at CareDx, Inc., had 1,690 shares of common stock withheld by the issuer to satisfy tax obligations.
- The shares were withheld in connection with the vesting of restricted stock units.
- The price per share for the transaction was $18.09.
- Following the transaction, Johnson directly owns 326,585 shares of CareDx common stock.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard tax withholding procedures, with no inherent positive or negative implications for the company's performance.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it relates to tax obligations of an executive.
Key Dates
| Date | Description |
|---|---|
| 07/19/2024 | Date of stock transaction (tax withholding) |
| 07/23/2024 | Date of signature on the Form 4 filing |
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