Form 4: Teladoc Health Executive Kornwasser Reports Stock Transactions
SEC Form 4 Filing
Laizer Kornwasser, an Advisor to the CEO at Teladoc Health, reported the acquisition and disposal of common stock and restricted stock units.
Summary
- Laizer Kornwasser, an Advisor to the CEO of Teladoc Health, filed a Form 4 detailing changes in beneficial ownership.
- On August 1, 2024, 20,198 restricted stock units vested and converted to common stock.
- Also on August 1, 2024, Kornwasser acquired 20,198 shares of common stock upon the vesting of restricted stock units.
- On August 2, 2024, Kornwasser sold 10,879 shares of common stock at a price of $8.142 per share to cover tax withholding obligations.
- Following these transactions, Kornwasser directly owns 99,929 shares of Teladoc Health common stock and 100,994 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions. The sale of shares to cover tax obligations is a common practice and doesn't necessarily indicate a positive or negative outlook.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is a common occurrence in publicly traded companies. It provides transparency into the trading activities of key personnel.
Key Dates
| Date | Description |
|---|---|
| 11/01/2022 | Reporting person was granted 242,382 restricted stock units, vesting one-third on the first anniversary of the grant date, with the remainder vesting in eight substantially equal quarterly installments thereafter. |
| 08/01/2024 | 20,198 restricted stock units vested and converted to shares of TDOC common stock; 20,198 shares acquired. |
| 08/02/2024 | 10,879 shares of common stock sold at $8.142 per share. |
| 08/05/2024 | Date of signature for the Form 4 filing. |
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