Form 4: TransMedics Group Executive Tamer Khayal Exercises Options and Sells Shares
SEC Form 4
Tamer Khayal, Chief Commercial Officer of TransMedics Group, exercised stock options and sold shares of common stock on July 1, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On July 1, 2024, Tamer Khayal, the Chief Commercial Officer of TransMedics Group, Inc., engaged in transactions involving the company's common stock.
- Khayal exercised stock options to acquire 1,458 shares at $38.46, 417 shares at $66.10, and 1,083 shares at $13.28.
- Concurrently, Khayal sold 110 shares at a weighted average price of $149.57, 1,000 shares at $150.70, 1,106 shares at $151.33, 582 shares at $152.53, and 160 shares at $153.48.
- These transactions were executed under a pre-existing Rule 10b5-1 trading plan established on September 6, 2023.
- Following these transactions, Khayal directly owns 20,843 shares of TransMedics Group, Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions and provides transparency to the market regarding the trading activities of company executives.
Key Dates
| Date | Description |
|---|---|
| 2023-09-06 | Date of establishment of Rule 10b5-1 trading plan |
| 2024-02-20 | Full vest date of stock options |
| 2024-02-22 | Full vest date of stock options |
| 2024-02-24 | Full vest date of stock options |
| 2024-07-01 | Date of transactions (option exercise and share sales) |
| 2031-02-24 | Expiration date of stock options |
| 2032-02-22 | Expiration date of stock options |
| 2033-02-20 | Expiration date of stock options |
| 2024-07-03 | Date of report |
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