Form 4: CareDx Executive Jeffrey Adam Novack Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Jeffrey Adam Novack, Secretary and General Counsel of CareDx, Inc., reported disposing of 2,873 shares of common stock to cover tax withholding obligations.
Summary
- On May 1, 2025, Jeffrey Adam Novack, Secretary and General Counsel of CareDx, Inc., disposed of 2,873 shares of common stock.
- The disposal was executed to satisfy tax withholding obligations related to the vesting of restricted stock units.
- The shares were sold at a price of $15.07 per share.
- Following the transaction, Novack directly owns 124,038 shares of CareDx common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine transaction related to tax obligations, with no inherent positive or negative implications for the company's performance.
Industry Context
Form 4 filings are standard disclosures required by the SEC for company insiders, providing transparency into their transactions in the company's stock. This filing indicates a routine transaction related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/01/2025 | Date of stock disposal transaction. |
| 05/05/2025 | Date of signature on the Form 4 filing. |
Keywords
CareDx, CDNA, Jeffrey Adam Novack, Form 4, Stock Disposal, Tax Withholding, Restricted Stock Units, Beneficial Ownership, SEC Filing
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