Form 4: Guardant Health CFO Michael Bell Reports Stock Transactions
SEC Form 4 Filing
Michael Bell, CFO of Guardant Health, reports the vesting of restricted stock units and subsequent stock transactions to cover tax obligations.
Summary
- Michael Bell, the Chief Financial Officer of Guardant Health, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On October 1, 2024, Mr. Bell vested 8,211 shares of common stock from restricted stock units.
- Also on October 1, 2024, 4,162 shares were withheld by the company to cover tax obligations related to the vesting of the restricted stock units at a price of $22.12.
- Following these transactions, Mr. Bell directly owns 24,075 shares of Guardant Health common stock and 16,673 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock vesting and tax obligations, and doesn't indicate any particularly positive or negative sentiment.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
Stakeholder Impact
- Shareholders may be interested in tracking insider transactions as an indicator of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 12/13/2023 | Date of restricted stock unit award grant. |
| 10/01/2024 | Date of stock vesting and tax withholding. |
| 10/02/2024 | Date of Form 4 filing. |
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