GH.NASDAQGuardant Health, INC

Form 4: Guardant Health Executive Exercises Stock Options, Disposes of Shares for Tax Obligations

Sentiment:

SEC Form 4

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John G. Saia, Chief Legal Officer of Guardant Health, Inc., exercised stock options and disposed of shares to cover tax withholding obligations.

Summary

  • On September 15, 2024, John G. Saia, the Chief Legal Officer of Guardant Health, Inc., exercised restricted stock units, acquiring 1,019 shares of common stock.
  • Simultaneously, Mr. Saia disposed of 517 shares of common stock to satisfy tax withholding obligations related to the vesting of the restricted stock units.
  • The shares were disposed of at a price of $26.79.
  • Following these transactions, Mr. Saia directly owns 29,231 shares of Guardant Health, Inc.
  • Mr. Saia also holds 7,137 restricted stock units.

Sentiment

Score: 5

Explanation: The document reflects routine transactions related to executive compensation and tax obligations, indicating a neutral sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard equity compensation practices and tax obligation fulfillment.

Stakeholder Impact

  • The transactions have a minimal impact on shareholders as they relate to standard executive compensation practices.

Key Dates

DateDescription
June 9, 2023Date of restricted stock unit award grant.
June 15, 2024First vesting date of the restricted stock units (33%).
September 15, 2024Date of transaction: exercise of restricted stock units and disposal of shares for tax obligations.
September 16, 2024Date of signature on the Form 4 filing.

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