Form 4: Dexcom Executive Teri L Lawver Sells Shares to Cover Tax Obligations

Teri L Lawver, EVP and Chief Commercial Officer of Dexcom Inc., sold shares to cover tax withholding obligations related to vesting restricted stock units.

Summary

• Teri L Lawver, an executive at Dexcom Inc., sold 4,764 shares of common stock on March 12, 2024, at a price of $134.4107 per share.
• The sale was mandated by Dexcom to cover tax withholding obligations associated with the vesting of restricted stock units (RSUs).
• Following the transaction, Lawver beneficially owns 66,641 shares, which includes 60,067 unvested restricted stock units.
• Of the unvested RSUs, 26,053 were granted on March 8, 2024, and will vest through March 8, 2027, while 34,014 were granted on March 8, 2023, and will vest through March 8, 2027.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sell to cover taxes) and doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among executives at publicly traded companies.

Stakeholder Impact

• The sale of shares by an executive could have a minor, temporary impact on the stock price, but is unlikely to have a significant long-term effect.

Key Dates