Form 4: Exact Sciences Corp: Executive James Herriott Reports Stock Transactions
SEC Form 4
James Herriott, SVP, General Counsel & Secretary of Exact Sciences Corp, reports acquisition and disposal of common stock and restricted stock units.
Summary
- On February 25, 2025, James Herriott, SVP, General Counsel & Secretary of Exact Sciences Corp, reported transactions involving Exact Sciences Corp [EXAS] common stock and restricted stock units.
- Herriott acquired 1,647 shares of common stock upon vesting of restricted stock units at a price of $0.
- He also disposed of 775 shares of common stock for tax withholding purposes at $51.28 per share.
- Following these transactions, Herriott directly owns 12,963 shares of common stock and indirectly owns 1,556 shares held in a 401(k) plan.
- He also holds 13,893 restricted stock units that vest in four equal annual installments beginning on February 27, 2026.
- Additionally, he holds 1,648 restricted stock units that vest in four equal annual installments from the grant date of February 25, 2022.
- Herriott also holds an additional 34,365 vested and unvested options to purchase shares of Common Stock and restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions by an insider, with no inherent positive or negative sentiment.
Future Outlook
The reporting person holds restricted stock units that will vest in the future, indicating continued alignment with the company's performance.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency to the market regarding their transactions in the company's stock.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding insider activity.
- The tax withholding impacts the executive's personal finances.
Key Dates
| Date | Description |
|---|---|
| 02/25/2022 | Grant date of restricted stock unit award that vests in four equal annual installments |
| 02/24/2025 | Date of restricted stock units acquisition |
| 02/25/2025 | Date of common stock acquisition and disposal |
| 02/26/2025 | Date of signature for the report |
| 02/27/2026 | First vesting date for 13,893 restricted stock units |
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