Pestano Gary Anthony 4
4 · BIODESIX INC · Filed Feb 23, 2026
Research Summary
AI-generated summary of this filing
Biodesix (BDSX) CDO Gary Pestano Sells Shares
What Happened Gary Anthony Pestano, Chief Development Officer of Biodesix (BDSX), had 1,528 restricted stock units (RSUs) convert to common shares on Feb 20, 2026 (conversion/exercise of a derivative). Some of the vested shares were automatically sold to cover taxes. Separately, Pestano sold 556 shares in an open-market transaction on Feb 23, 2026 for a total of about $7,103 (reported price $12.78 weighted average).
Key Details
- Transaction dates: Feb 20, 2026 (RSU conversion/settlement and tax withholding) and Feb 23, 2026 (open-market sale).
- Open-market sale: 556 shares at $12.78 reported (total ≈ $7,103). Footnote states sale prices for tax-withholding transactions ranged $12.58–$13.16 (weighted avg reported).
- RSU conversion: 1,528 RSUs converted to shares on Feb 20; some shares were sold automatically to cover taxes (footnotes F1, F2).
- RSU terms: These RSUs vest in four equal annual installments beginning Feb 20, 2025 and have no expiration date (F5).
- Adjustments: Share amounts reflect a one-for-twenty reverse stock split effective Sep 15, 2025 (F4).
- Shares owned after the transactions are not specified in the provided filing excerpt.
- Filing: Report filed Feb 23, 2026 covering the Feb 20, 2026 events (no late-filing flag indicated).
Context This activity reflects a routine RSU vesting event (conversion of RSUs to common stock) with automatic sales to satisfy tax withholding and an additional small open-market sale. Such sales tied to vesting and tax withholding are common and do not by themselves indicate a change in the insider’s long-term view of the company.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-20+1,528→ 10,915 total - Sale
Common Stock
[F2][F3]2026-02-23$12.78/sh−556$7,103→ 10,359 total - Exercise/Conversion
Restricted Stock Units
[F1][F4][F5]2026-02-20−1,528→ 4,582 total→ Common Stock (1,528 underlying)
Footnotes (5)
- [F1]Each restricted stock unit (the "RSU") represents a contingent right to receive one share of the Issuer's Common Stock.
- [F2]These shares of the Issuer's Common Stock were sold automatically to cover taxes upon the vesting of RSUs.
- [F3]The price reported in Column 4 is a weighted average price of all shares sold on the transaction date by the Issuer's broker to cover taxes upon the vesting of RSUs for certain employees of the Issuer, including the Reporting Person. These shares were sold in multiple transactions at prices ranging from $12.58 to $13.16, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F4]These numbers have been adjusted to reflect the one-for-twenty reverse stock split effective September 15, 2025.
- [F5]These RSUs vest in a series of four successive equal annual installments measured from February 20, 2025, generally subject to the Reporting Person's continued service with the Issuer, and have no expiration date.