Form 4: Tandem Diabetes Care Director Dick Allen Reports Gift of Shares and Beneficial Ownership

Director Dick Allen reports a gift of Tandem Diabetes Care shares to The Gammon Family Trust and details beneficial ownership through family trusts.

Summary

• On June 6, 2024, Dick Allen, a director of Tandem Diabetes Care Inc., reported a transaction involving the company's common stock.
• Allen gifted 1,892 shares to The Gammon Family Trust at a price of $51.32 per share.
• Following the transaction, Allen directly owns 24,396 shares of common stock.
• Allen also indirectly owns 20,000 shares through the Allen Family Trust and 1,000 shares through the Gammon Children's 2000 Trust FBO Jake Allen Gammon.
• Allen disclaims beneficial ownership of the 1,000 shares held by the Gammon Children's 2000 Trust FBO Jake Allen Gammon.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors and their holdings in the company.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies like Tandem Diabetes Care, similar to filings made by executives at companies like Insulet (PODD) and Dexcom (DXCM).
• The level of detail provided in this Form 4 is consistent with regulatory requirements and industry norms for insider transaction reporting.

Stakeholder Impact

• The transaction itself is unlikely to have a significant impact on stakeholders.
• The disclosure provides transparency to shareholders regarding the director's holdings.

Key Dates