Form 4: Dexcom Executive Jacob Steven Leach Reports Stock Sale to Cover Tax Obligations
SEC Form 4
Dexcom's EVP, Chief Operating Officer, Jacob Steven Leach, sold 746 shares of common stock on September 9, 2024, to cover tax withholding obligations related to vesting RSUs.
Summary
- On September 9, 2024, Jacob Steven Leach, EVP and Chief Operating Officer of Dexcom Inc., sold 746 shares of Dexcom's common stock at a price of $69.15 per share.
- The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock units (RSUs).
- Following the transaction, Leach directly owns 264,915 shares of Dexcom common stock, which includes 53,432 unvested restricted stock units.
- Leach also indirectly owns 47,296 shares through Family Holdings.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction is a routine sale to cover tax obligations and doesn't necessarily reflect a change in the executive's outlook on the company.
Industry Context
Insider transactions are routinely monitored by investors to gauge executive sentiment and potential future performance. Sales to cover tax obligations are common and don't necessarily indicate a negative outlook.
Stakeholder Impact
- The sale may have a minor, temporary impact on shareholders due to the small volume of shares sold.
Key Dates
| Date | Description |
|---|---|
| 12/30/2010 | Date of the Gregg Family Grandchildren's Trust UAD. |
| 12/15/2021 | 1,460 RSUs were granted and shall vest through this date. |
| 03/08/2022 | 8,988 RSUs were granted and shall vest through March 8, 2025. |
| 03/08/2023 | 16,931 RSUs were granted and shall vest through March 8, 2026. |
| 03/08/2024 | 26,053 RSUs were granted and shall vest through March 8, 2027. |
| 08/30/2024 | 84 shares acquired under the Issuer's 2015 Employee Stock Purchase Plan. |
| 09/09/2024 | Date of the stock sale transaction. |
| 09/11/2024 | Date of the Form 4 filing. |
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