Form 4: Guardant Health Director Steve Krognes Reports Stock Transactions
SEC Form 4 Filing
Director Steve Krognes reports the vesting and acquisition of 154 shares of Guardant Health common stock from restricted stock units on February 28, 2025.
Summary
- Steve Krognes, a director of Guardant Health, Inc., filed a Form 4 on March 4, 2025, reporting changes in beneficial ownership of the company's stock.
- On February 28, 2025, Krognes acquired 154 shares of common stock through the vesting of restricted stock units (RSUs).
- The transaction was executed under transaction code 'M', indicating the exercise or conversion of derivative securities.
- The price per share for the RSU conversion was $0.
- Following the transaction, Krognes directly owns 10,528 shares of common stock and 2,469 derivative securities (RSUs).
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction (RSU vesting) and doesn't necessarily indicate a strong positive or negative outlook.
Positives
- The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. They are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a standard part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| August 9, 2022 | Date of restricted stock unit award grant. |
| June 30, 2023 | Date when 25% of the restricted stock units vested. |
| February 28, 2025 | Date of the reported transaction where 154 shares were acquired through RSU vesting. |
| March 4, 2025 | Date the Form 4 was filed. |
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