Form 4: Tactile Systems Technology CFO Sells Shares to Cover Taxes
SEC Form 4 Filing
Elaine M. Birkemeyer, CFO of Tactile Systems Technology, sold 2,066 shares of common stock on February 25, 2025, to cover taxes associated with the settlement of stock units.
Summary
- On February 25, 2025, Elaine M. Birkemeyer, the Chief Financial Officer of Tactile Systems Technology Inc. (TCMD), sold 2,066 shares of the company's common stock.
- The sale was executed under a pre-arranged 10b5-1(c) plan adopted on June 10, 2024.
- The shares were sold at a weighted average price of $14.5109, with individual sale prices ranging from $14.50 to $14.52 per share.
- Following the transaction, Birkemeyer directly owns 102,032 shares of Tactile Systems Technology Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction for tax purposes under a pre-existing plan.
Industry Context
This is a routine Form 4 filing, indicating insider trading activity. It is common for executives to sell shares to cover tax obligations, especially after stock units vest. The existence of a 10b5-1 plan suggests the sales were pre-planned and not based on current market information.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 06-10-2024 | Adoption date of the 10b5-1(c) plan. |
| 02/25/2025 | Date of the stock sale transaction. |
| 02/27/2025 | Date of the Form 4 filing. |
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