Form 4: CareDx Executive Jeffrey Adam Novack Reports Stock Transaction
SEC Form 4 Filing
CareDx's Secretary and General Counsel, Jeffrey Adam Novack, reports the disposal of 452 common stock shares to cover tax obligations related to vesting restricted stock units on November 6, 2024.
Summary
- On November 6, 2024, Jeffrey Adam Novack, Secretary and General Counsel of CareDx, Inc., disposed of 452 shares of common stock.
- The transaction was executed to cover tax withholding obligations related to the vesting of restricted stock units.
- The shares were disposed of at a price of $23.21 per share.
- Following the transaction, Novack directly owns 118,911 shares of CareDx common stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like officers and directors, trade their company's stock. This provides transparency to the market regarding the actions of those with access to inside information.
Key Dates
| Date | Description |
|---|---|
| 11/06/2024 | Date of stock transaction: disposal of 452 shares. |
| 11/08/2024 | Date of signature on the Form 4 filing. |
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