Form 4: Guardant Health Executive Chris Freeman Reports Stock Transactions
SEC Form 4 Filing
Chris Freeman, Chief Commercial Officer of Guardant Health, reports the vesting and subsequent tax withholding of restricted stock units.
Summary
- Chris Freeman, Chief Commercial Officer of Guardant Health, reported transactions involving common stock and restricted stock units on October 1, 2024.
- These transactions involved the vesting of restricted stock units and the subsequent withholding of shares by the company to cover tax obligations.
- Freeman acquired 1,929 shares and 6,569 shares of common stock upon the vesting of restricted stock units.
- The company withheld 3,620 shares to satisfy tax obligations at a price of $22.12 per share.
- Following these transactions, Freeman directly owns 31,452 shares of common stock, 15,427 restricted stock units from a November 7, 2022 grant, and 13,338 restricted stock units from a December 13, 2023 grant.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document is a standard regulatory filing detailing stock transactions related to executive compensation.
Industry Context
Form 4 filings are standard disclosures required by the SEC for company insiders, providing transparency into their trading activities and holdings in their own company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect insider activity related to compensation.
Key Dates
| Date | Description |
|---|---|
| 2022-11-07 | Date of restricted stock unit award that vests over a four-year period. |
| 2023-12-13 | Date of restricted stock unit award that vests over a three-year period. |
| 2024-10-01 | Date of transaction: vesting of restricted stock units and tax withholding. |
| 2024-10-02 | Date of signature on the Form 4 filing. |
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