4/A: CareDx Executive Amends Filing to Include Omitted Restricted Stock Units

Alexander L. Johnson, President of Patient and Testing Services at CareDx, Inc., amends a previous SEC Form 4 filing to include a grant of restricted stock units inadvertently omitted, impacting the reported beneficial ownership.

Summary

• Alexander L. Johnson, an officer at CareDx, Inc., filed an amendment to a previous Form 4 filing with the SEC.
• The amendment corrects an omission of restricted stock units (RSUs) granted to Johnson.
• The omitted RSUs represent 174,520 shares of CareDx common stock.
• This oversight also affected a subsequent Form 4 filing on February 6, 2024, which should have reflected a total of 344,413 shares beneficially owned.
• Following the correction, Johnson's total beneficially owned shares are now reported as 345,533.
• The RSUs vest in installments, with 1/12th vesting on May 1, 2024, and subsequent 1/12th portions vesting every three months thereafter.

Sentiment

Score: 6

Explanation: The document is a routine correction of an SEC filing. While the initial omission is a negative, the prompt correction is a positive. Overall, the sentiment is neutral.

Negatives

• The original Form 4 filing on February 5, 2024, and a subsequent filing on February 6, 2024, contained inaccuracies due to the omission of the restricted stock units.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the holdings of company insiders.

Stakeholder Impact

• The correction provides more accurate information to shareholders regarding executive compensation and ownership.

Key Dates