TDOC.NYSETeladoc Health, INC

Form 4: Teladoc Health Executive Nikolaos P. Nanis Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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Nikolaos P. Nanis, Chief Technology Officer of Teladoc Health, reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.

Summary

  • On July 1, 2024, Nikolaos P. Nanis, the Chief Technology Officer of Teladoc Health, had 1,233 restricted stock units vest, which converted to shares of TDOC common stock on a one-for-one basis.
  • Following the vesting, Mr. Nanis sold 442 shares of common stock on July 2, 2024, at a price of $9.39 per share to cover tax withholding obligations.
  • After these transactions, Mr. Nanis beneficially owns 73,226 shares of Teladoc Health common stock and 6,165 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be informative for investors.

Stakeholder Impact

  • The transactions may have a minor impact on shareholders due to the sale of shares in the open market.

Key Dates

DateDescription
10/01/2022Reporting person was granted 14,793 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.
07/01/20241,233 restricted stock units vested and converted to shares of TDOC common stock.
07/02/2024442 shares of common stock were sold at $9.39 per share to cover tax obligations.

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