Kalia Kumud 4
Research Summary
AI-generated summary
Guardant Health (GH) CIO Kalia Kumud Receives Vested RSUs
What Happened
Kalia Kumud, Chief Information Officer of Guardant Health (GH), received 13,493 shares when restricted stock units vested on March 15, 2026 (12,856 + 637 shares acquired at $0.00). To satisfy tax withholding, the company retained 6,839 of those shares at $85.49 per share, totaling $584,666. Net shares delivered to Kumud were 6,654 shares. This transaction represents the vesting/settlement of compensation awards rather than an open-market buy or sale.
Key Details
- Transaction date: March 15, 2026; Form 4 filed March 17, 2026.
- Acquired: 13,493 shares via RSU vesting (12,856 and 637 shares reported as conversion/exercise at $0.00).
- Withheld for taxes (disposed): 6,839 shares at $85.49/share = $584,666 (payment of tax liability).
- Net shares delivered to insider: 6,654 shares.
- Shares owned after transaction: Not reported on this Form 4.
- Footnotes: F2 = performance-based RSU (granted June 7, 2023) whose second tranche vested on March 15, 2026; F4 = time-based RSU (granted June 9, 2023) with multi-year vesting; F1 = shares were retained by the company solely to satisfy tax withholding and not in excess of the tax liability.
- Codes: M indicates conversion/exercise of a derivative (here the RSU settlement), F indicates tax withholding.
- Filing timeliness: No late filing is indicated on the Form 4 (filed March 17, 2026).
Context
This is a routine compensation event (RSU vesting) common for executives and not an open-market purchase or discretionary sale. The withholding of shares to cover taxes is a standard practice (similar to a "cashless" settlement) and should be viewed as a payroll/tax action rather than an indicator of buying or selling intent.