Form 4: Dexcom Executive Sadie Stern Sells Shares to Cover Tax Obligations
SEC Form 4
Sadie Stern, EVP and Chief HR Officer of Dexcom Inc., sold 427 shares of common stock on June 10, 2024, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On June 10, 2024, Sadie Stern, the EVP and Chief HR Officer of Dexcom Inc., sold 427 shares of Dexcom's common stock.
- The sale was executed at a price of $115.0514 per share.
- This transaction was conducted to cover tax withholding obligations associated with the vesting of restricted stock units (RSUs).
- Following the transaction, Stern beneficially owns 75,877 shares of Dexcom common stock, which includes 53,159 unvested restricted stock units.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The transaction is a routine sale to cover tax obligations, which is a normal part of executive compensation. There is no indication of positive or negative sentiment towards the company's prospects.
Industry Context
Executive stock sales are a common occurrence, particularly to cover tax obligations related to equity compensation. These transactions are closely monitored by investors for insights into executive sentiment and potential impact on stock price.
Stakeholder Impact
- The sale may have a minor impact on shareholders due to the small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 2020-11-19 | Grant date of 8,208 restricted stock units vesting through November 19, 2024. |
| 2021-12-15 | Grant date of 1,668 restricted stock units vesting through December 15, 2024. |
| 2022-03-08 | Grant date of 7,060 restricted stock units vesting through March 8, 2025. |
| 2023-03-08 | Grant date of 14,512 restricted stock units vesting through March 8, 2026. |
| 2024-03-08 | Grant date of 21,711 restricted stock units vesting through March 8, 2027. |
| 2024-06-10 | Date of the transaction: Sadie Stern sold 427 shares of Dexcom common stock. |
| 2024-06-11 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.