Cowie Robin Harper 4

What Happened

• Robin Harper Cowie, CFO, Secretary & Treasurer of BIODESIX (BDSX), reported RSU vesting and related share transactions. On 2026-02-09, 2,584 restricted stock units (RSUs) converted to common shares (reported as an exercise/conversion, code M). The filing also shows two zero-dollar dispositions that same day totaling 2,584 shares (157 and 2,427 shares), and on 2026-02-10 the insider sold 941 shares in an open-market transaction at a weighted average price of $10.08 for proceeds of $9,489.
• These transactions are routine tax- and vesting-related actions (not a new purchase). The zero-dollar disposals reflect shares withheld/disposed in connection with RSU settlement/tax withholding; the open-market sale generated the $9,489 in proceeds.

Key Details

• Transaction dates & prices:
  • 2026-02-09: 2,584 RSUs converted to 2,584 shares (code M; no cash price reported for conversion).
  • 2026-02-09: Dispositions of 157 and 2,427 shares reported at $0.00 (derivative/withholding).
  • 2026-02-10: Sale of 941 shares at weighted avg $10.08 — proceeds $9,489. Report notes sale prices on the transaction date ranged $9.94–$10.21.
• Shares owned after the transactions: not specified in the information provided in this summary (see the filing for exact post-transaction holdings).
• Notable footnotes from the filing:
  • F1–F6: the shares arose from RSUs (each RSU = one share), vesting schedules described (quarterly installments from Feb 8, 2022, and annual installments from Feb 8, 2023), and figures adjusted for a 1-for-20 reverse split effective Sept 15, 2025.
  • F2/F3: some shares were sold automatically by the issuer’s broker to cover taxes; the $10.08 price is a weighted average of multiple sales.
• Filing timeliness: The Form 4 was filed on 2026-02-11 for transactions dated Feb 9–10; this appears to be timely (within the Form 4 reporting window).

Context

• These were not buys; they were RSU conversions and tax-related disposals/sales. The derivative code (M) here reflects the conversion/settlement of restricted stock units into shares. The zero-dollar disposals typically indicate shares withheld or surrendered to satisfy tax withholding obligations rather than a market sale for proceeds.
• Such tax-withholding sales and net settlements are common after vesting and do not necessarily signal a change in the insider’s view of the company.