Form 4: Teladoc Health Executive Laizer Kornwasser Reports Stock Transactions
SEC Form 4 Filing
Laizer Kornwasser, President of Enterprise Growth at Teladoc Health, reports the acquisition and disposal of company stock related to restricted stock units.
Summary
- On May 1, 2024, Laizer Kornwasser, President, Enterprise Growth at Teladoc Health, exercised restricted stock units converting to 20,198 shares of TDOC common stock.
- Following this transaction, Kornwasser directly owns 96,481 shares of common stock.
- On May 2, 2024, Kornwasser sold 10,411 shares at a price of $12.688 per share.
- This sale resulted in Kornwasser holding 86,070 shares of common stock directly.
- The sale was to cover tax withholding obligations related to the vesting of restricted stock units.
- As of May 2, 2024, Kornwasser directly owns 121,192 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, as it's a factual report of insider trading activity.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into insider activity but doesn't necessarily indicate a broader trend in the telehealth industry.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the impact is likely minimal given the volume of shares traded relative to the company's overall market capitalization.
Key Dates
| Date | Description |
|---|---|
| November 1, 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. |
| May 1, 2024 | Restricted stock units converted to 20,198 shares of TDOC common stock. |
| May 2, 2024 | Sale of 10,411 shares at $12.688 per share. |
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