Form 4: Tactile Systems Technology Inc. Director Sells Shares to Cover Taxes

Director Daniel L. Reuvers sold 28,338 shares of Tactile Systems Technology Inc. common stock on February 25, 2025, to cover taxes associated with the settlement of stock units.

Summary

• On February 25, 2025, Daniel L. Reuvers, a director of Tactile Systems Technology Inc. (TCMD), sold 28,338 shares of 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 $14.1806, with individual sale prices ranging from $14.09 to $14.49 per share.
• The purpose of the sale was to cover taxes associated with the settlement of stock units.
• Following the transaction, Reuvers directly owns 214,604 shares of Tactile Systems Technology Inc.

Sentiment

Score: 5

Explanation: The document describes a routine stock sale by a director under a pre-existing 10b5-1 plan, primarily to cover tax obligations. This is a neutral event and doesn't necessarily indicate positive or negative sentiment towards the company's future prospects.

Industry Context

Sales by company directors are a common occurrence and are often related to personal financial planning rather than a reflection of the company's prospects. The use of a 10b5-1 plan suggests the sale was pre-planned.

Key Dates