Form 4: Exact Sciences Corp Executive James Herriott Reports Stock Transactions

James Herriott, General Counsel of Exact Sciences Corp, reports acquisition and disposal of common stock and restricted stock units.

Summary

• On February 26, 2024, James Herriott acquired 1,648 shares of Exact Sciences Corp common stock upon vesting of restricted stock units.
• On February 27, 2024, Herriott sold 784 shares at $56.89 per share to cover withholding taxes related to the vesting of restricted stock units.
• Following these transactions, Herriott directly owns 8,097 shares of common stock and indirectly owns 1,183 shares through a 401(k) plan.
• He also holds 24,872 vested and unvested options and restricted stock units.
• Additionally, Herriott acquired 9,500 restricted stock units on February 26, 2024, which vest in four equal annual installments starting February 28, 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The transactions are routine and don't necessarily indicate a strong positive or negative outlook. The sale of shares is for tax purposes, which is a common practice.

Positives

• The vesting of restricted stock units indicates a form of compensation and alignment of interests with the company's performance.

Negatives

• The sale of shares to cover withholding taxes, while common, slightly reduces Herriott's direct stake in the company.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are often scrutinized by investors for insights into management's perspective on the company's value and future prospects.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the impact is likely minimal given the relatively small number of shares involved.

Key Dates